The former NBA player banned for life for sports betting admitted Wednesday to tipping off gamblers to games he purposely was going to rig — and earning them $1 million — in an effort to clear his own gambling debt. Former Toronto Raptors forward Jontay Porter, 24, pleaded guilty to conspiracy to commit wire fraud…
Dutch e-bike maker VanMoof declared bankrupt Reuters Read the original article here
Owner distress as companies plunge into administration The Canberra Times Read the original article here
Banned NBA player Jontay Porter admits to $1million gambling scheme and pleads guilty to federal fraud charges, saying he only took part in the plot ‘to get out of debt’ MSN Read the original article here
The Centre for Transnational Commercial Law (“CTCL”) is a constituent unit and specialized research centre of the National Law University Delhi established in 2008 by Act No. 1 of 2008 of Delhi. Since its establishment in 2016, CTCL has actively undertaken various initiatives to promote research and scholarship in the area of commercial laws. CTCL…
Connecticut’s Mohegan Sun Casino is pursuing former Hollywood executive Ron Meyer for over $2.7 million in unpaid markers, according to a lawsuit filed in the state’s Superior Court in New London. Meyer, 79, who served as president and COO of Universal Studios from 1995 to 2013, is known for his fondness for playing craps. The…
Officials from Australia’s corporate watchdog told a parliamentary inquiry into the cost-of-living crisis that 11,053 businesses entered external administration in the 2023/24 financial year. ASIC commissioner Kate O’Rourke said while the proportion of businesses going into administration was not the highest, the past year had the most overall. “The highest number in terms of proportion…
ASIC’s annual insolvency data shows more than 11,000 companies entered external administration for the first time in 2023-24. While this is slightly higher than prior peaks seen in 2011–12 and 2012–13, it is proportionately smaller as there are now nearly 3.4 million companies in Australia compared to around two million in 2012. The current ratio…
In short: A liquidator says the business My Tiny Home Kit had no real prospect of actually delivering homes and may have been trading while insolvent. The company owes customers more than $3.4 million, according to initial estimates. What’s next? The liquidator says further investigation into the business is required. There is also an ongoing…
Greylag Goose Leasing 1410 Designated Activity Company v P.T. Garuda Indonesia Ltd [2024] HCA 21 per Gageler CJ, Gordon, Edelman, Steward, Gleeson, Jagot, Beech-Jones JJ Key takeaways The High Court of Australia has upheld the New South Wales Court of Appeal decision that foreign state immunity extends to a national airline subject to a winding…