UBS to liquidate $2 bln real estate fund as office downturn bites – Reuters
UBS to liquidate $2 bln real estate fund as office downturn bites Reuters Read the original article here
Birmingham City Council’s equal-pay claims lower than estimated
The city council of Birmingham, located in the country’s midlands, was slammed with a ginormous equal-pay claim worth up to £760 million ($955 million), following which it said the council had “insufficient resources” to make those payments. As a result, the council was forced to make drastic cost cuts, resulting in the sacking of 600…
Rex Airlines enters voluntary administration
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. A statement posted on Rex’s website on Tuesday said Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have entered voluntary administration. Ernst & Young Australia have been appointed administrators. The statement said…
‘Bankrupt’ Thurrock Council needs to borrow extra £26m
A local authority that is effectively bankrupt needs to borrow £206.7m from the government to balance its 2023-24 budget, a report revealed. Thurrock Council had initially planned to borrow £180.2m but a provisional financial outturn report suggested an extra £26m was needed. The government appointed commissioners to oversee the council after a series of bad…
Biome Technologies fends off liquidation with heavily discounting equity round
About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class…
Katie Price finally sells Mucky Mansion for eye-watering sum during bankruptcy drama | Celebrity News | Showbiz & TV
Katie Price‘s former home has been bought just a week after it appeared on the market, according to The Sun. The former glamour model moved out of her mansion in May after being handed an “eviction notice.” The reality TV star, who was previously declared bankrupt in 2019, moved into her £2 million mansion in…
WA shires left in the lurch as airline goes into voluntary administration – Farm Weekly
WA shires left in the lurch as airline goes into voluntary administration Farm Weekly Read the original article here
Riddle of where Tommy Robinson REALLY gets the money to whip up riots engulfing Britain from his five-star sunlounger – despite once being declared bankrupt and ‘squandering a fortune on gambling and drinking’
When Tommy Robinson first entered the national consciousness, it was as an angry young man leading a group of football fans onto the streets of Luton to clash with Islamist activists disrupting a homecoming parade of soldiers returning from Afghanistan. Fifteen years on and while the message and the rage remain, plenty has changed. As…
Validity of Liquidators’ Appointment in JDK Construction Limited
In the case of JDK Construction Limited the Court of Appeal had to consider whether an earlier decision by a High Court judge that liquidators had been validly appointed was correct. The answer to that question turned on whether the resolutions that the company had passed to place the company into voluntary liquidation were valid given there…
Owner distress as companies plunge into administration – MSN
Owner distress as companies plunge into administration MSN Read the original article here