26 September 2024 Creditors successful in direct claims for compensation against directors In 2023 the Supreme Court confirmed in the Mainzeal decision that section 301 of the Companies Act could be used for direct claims by creditors against directors for losses suffered as a result of breach of director duties. This was recently used by…
Having spent 35 years in the automotive industry, it is my experience dealer principals are generally concerned about “being in debt,” though debt, when managed properly, can be a powerful tool for dealership principals to enhance liquidity and profitability. Leveraging debt allows dealerships to access capital needed for growth, manage cash flow effectively, and take…
Essential data to guide decisions, monitor progress, and evaluate impact. See More Data world-bank:category/digital 92.76 million people had enhanced access to broadband internet in fiscal year 2023-2024 with support from IDA. Source: International Development Association, World Bank world-bank:category/people 143.61 million people received essential health, nutrition, and population services thanks to IDA in fiscal year 2023-2024.…
The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked student loan borrowers while pretending to be affiliated with the Department of Education. In response to the FTC’s complaint against Nevada-based Superior Servicing and its…
Getty Images Vice Media plans to cut hundreds of jobs as it stops publishing on Vice.com, according to a memo from chief executive Bruce Dixon. In May, the firm filed for bankruptcy in the US and was bought by Fortress Investment Group. Mr Dixon said Vice plans to “partner with established media companies to distribute…
Before the Covid-19 pandemic swept across the globe, Côte d’Ivoire stood out as one of Africa’s fastest-growing economies. From 2012 to 2019, the nation boasted an annual growth rate of 8%, fueled by sound economic policies and a period of relative political stability. The benefits were tangible: poverty rates fell from 44% to 39.5%, and…
‘Stop This Now Or…’: Elon Musk Repeats ‘America Could Go Bankrupt’ Warning | U.S. Election The Times of India Read the original article here
KEY TAKEAWAYS The Federal Trade Commission helped end a $10 million student loan debt relief scheme by Nevada-based company Superior Servicing. A federal court recently placed Superior Servicing under a temporary restraining order and froze its assets after an FTC lawsuit in 2023. The company had allegedly made false claims that they were affiliated with…
FC Barcelona have been declared ‘technically bankrupt’. UEFA via Getty Images FC Barcelona have been declared ‘technically bankrupt’ by a leading Catalan journalist. The Blaugrana are mired in debts repeatedly reported as exceeding €1 billion ($1.075 billion), and had to pull various ‘economic levers’ last summer revolving around the sale of future television rights revenue…
A New Jersey family is suing DraftKings after a father of two gambled away more than $1 million of his family’s money across four years. The man, known by his username Mdallo1990, allegedly lost $942,232.32 between Jan. 1, 2020, and Jan. 13, 2024, due to his gambling habits, according to a lawsuit filed on Thursday,…