South Shore Holdings has applied to the Macau court for voluntary liquidation of its wholly-owned subsidiary New Concordia Hotel Limited, the sole beneficial owner of THE 13 Hotel. The application comes as South Shore faces increasing pressure from its lenders to repay mounting debts, including a statutory demand issued by one lender earlier this month…
The government liquidator dealing with the fallout from the collapse of outsourcing firm Carillion is expected to make a claim for 250m against KPMG, the accounting firm that signed off on the former FTSE100 companys accounts. Lawyers for the official receiver, part of the governments Insolvency Service, have sent a letter before action to KPMG,…
PODGORICA — A European financial institution is prepared to help refinance Montenegro’s $1 billion debt to China, which the Balkan country incurred over a controversial highway project. Montenegrin Finance Minister Milojko Spajic said the low-interest credit from the financial institution will allow the cash-strapped government make savings and cut interest rates. He also told a…
A group of faculty and students formed to protest the cuts at Laurentian University says its lobbying has paid off. In a cabinet shuffle last week, SaultMPP Ross Romano who was the Minister of Colleges and Universities was moved to the Government and Consumer Services portfolio.Jill Dunlop, Simcoe-North MPP, takes over Colleges and Universities. Since…
News GPs are calling for widespread primary care funding reform after a not-for-profit bulk-billing co-operative servicing 30,000 patients went into voluntary administration. Pure bulk-billing clinics are becoming less and less sustainable. The National Health Co-operative (NHC), which runs eight not-for-profit bulk-billing clinics in the ACT, reportedly entered voluntary administrationdue toan insurmountable forecast deficit following the…
Wed, 23rd Jun 2021 Litigation funder Manolete booked a 26% drop in annual profit, citing a UK government move to suppress insolvencies, drop in the value of in-process cases and higher staff costs. Manolete also announced the departure of chairman Peter Bertram, who would be replaced by senior director Howard Leigh after its annual general…