Extralegal governance institutions refer to private or nonstate mechanisms, such as norms, rules, organizations, and behavioural equilibria, which are used to mitigate risks, promote cooperation, and deter opportunism (Dixit, 2004; Leeson, 2008). This section first examines the risks faced by participants in illegal markets and how these risks evolve when illegal transactions move online. It…
The law is set to change to ban the sale of all in store and online Lotto products to those who are under 18. Photo: RNZ/Asia King The Problem Gambling Foundation says children should never have been able to purchase gambling products … even for their parents. Currently Instant Kiwi tickets are the only Lotto…
A high-profile attorney who has argued cases before the Supreme Court was indicted Thursday after federal prosecutors in Maryland accused him of tax evasion and using his law firm’s money to pay millions of dollars in high-stakes poker debt. Thomas Goldstein, 54, the publisher of SCOTUSblog, has been charged with several tax-related crimes, along with…
EU among group pushing for relaxation of debt relief rules EURACTIV Read the original article here
Labour hire company at centre of immigration probe estimated to owe creditors $4.01 million MSN Read the original article here
Months after struggling to secure a firm source of funding and of watching its shares lose value on an almost daily basis, the people behind Canoo decided Friday to park the EV venture, flat tires and all and filed for Chapter 7 bankruptcy. Since it’s not a reorganization or Chapter 11 bankruptcy filed…
This year’s myriad restaurant bankruptcies make it possible to draw many individual lessons about tactics that burdened balance sheets. But if the filings of bankrupt brands and operators elucidate specific, flawed business practices, like Thai Union Group’s sale-leaseback process at Red Lobster, are there generalizable lessons, given the sheer number of bankruptcies? 2024 offers a…
New York CNN — This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19…
Westlife singer Shane Filan, who went bankrupt during the property crash, is dipping his toes back into the housing market with a newly registered company, Extra.ie can has learned. Furthermore, Extra.ie can also reveal that Mr Filan is a newly minted millionaire for a second time, as his music accounts have just posted profits of over a million euros. Sligo star…
Employees at the Oriel Hotel were reportedly told yesterday (January 17) that the venue had closed due to the firm going into liquidation. The Journal made attempts to contact the hotel, and received a recorded message stating the “hotel is now closed due to the company being in liquidation”. A hotel since the 1960s, the property was…