Tom Jolliffe puts his chips on ten essential gambling films The money goes down. Youve placed your bets. Now its time for the nitty gritty. Win or lose. If you win, do you quit while youre ahead or go again? Cinema has long held a fascination with gambling across its many forms, but the predominant…
Yan Haojie, the man who killed his pregnant wife after she refused to help him repay his gambling debts, has been sentenced to death, the Shanghai No.1 Intermediate People’s Court announced on Friday. [Photo/Shanghai No.1 Intermediate People’s Court] Yan Haojie, the man who killed his pregnant wife after she refused to help him repay his…
On 20 July 2021, the Hong Kong Court of First Instance granted an application by Hong Kong liquidators to issue a letter of request for assistance to the Shenzhen Intermediate Peoples Court. This was the first application made under the new cross-border cooperation mechanism, which we reported in a previous note (click here). Background The…
Seattle The former President & CEO of Northwest Territorial Mint, a now-bankrupt company dealing in precious metals, was convicted today in U.S. District Court in Seattle of 14 federal felonies resulting from a Ponzi-like scheme that defrauded customers of millions of dollars, announced Acting U.S. Attorney Tessa M. Gorman. After more than three weeks of…
Throughout the entirety of the worldwide pandemic that devasted businesses, regardless of age or size, across the country, changes had to be made to business models, however temporary, in order for them to remain solvent. Now, finally, the countrys economy is slowly beginning to recover; there is no better time than now to restructure your…
On Howard University’s campus in front of the infamous Founders Library Clock Tower, on “The … [+] Yard”, alumni, family and friends gather after the game to celebrate Howard’s 93rd annual Homecoming after their game against North Carolina A&T on Saturday, October 22, in Washington, DC. (Photo by Cheriss May/NurPhoto via Getty Images) NurPhoto via…
The Insolvency and Bankruptcy Code, 2016, is an epochal legislation to bring a paradigm shift in the manner of resolution of stressed companies that were unable to pay off their debts. However, of late, numerous criticisms have surfaced that the IBC is facilitating high haircuts (lesser recovery than admitted claims) to the lenders, which is…
If Captain Izham Ismail had his way, he would be happily retired after working at Malaysia Airlines for nearly 40 years. The year was 2017, and the carrier, reeling from the loss of two aircraft three years prior, had witnessed the exit of its second chief executive in two years ex-Ryanair senior executive Peter Bellew…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate If you feel buried by an avalanche of debt, something known as the debt avalanche method may come…
Eleanor Temple, Chair of insolvency and restructuring trade body R3 Q2 2021 England and Wales insolvency statistics, R3 response There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021s figures of 2,371 and a rise of 4% compared to Q2 2021 (2,997). There were 27,622 seasonally adjusted…