“Boris Becker will be head of men’s tennis effective immediately and in this position he will be in charge of the entire men’s game,” Ulrich Klaus, the president of the DTB, told a news conference. Klaus said Becker would also have a consulting role in the Davis Cup team. A former world number one who…
Former world No.1 and Wimbledon champion Boris Becker has been given the task of revitalising men’s tennis in Germany, the governing body DTB confirmed on Wednesday. “I am very happy to be able to announce that the DTB has reached another milestone,” DTB president Ulrich Klaus told a news conference in Frankfurt. “Boris Becker will…
More than 30 construction companies in Queensland have collapsed this year. A new report into the risk of further failures puts another 444 building businesses at high to severe risk of failure in the next 12 months. An apartment glut and loss of Chinese investors are believed to be factors. A Brisbane-based construction company linked…
Considering the Jaypee fiasco, can RERA protect homebuyers when the company is undergoing insolvency proceedings? On the petition filed by IDBI bank, insolvency proceedings have commenced against Jaypee Infratech. Insolvency refers to a situation where the company is unable to repay its debt. Jaypee Infratech Ltd. is the subsidiary company of Jaypee Group which is…
BHS PENSIONS RAP Ex-racing driver who was probed by MPs over collapse of BHS now faces Pensions Regulator rap DOMINIC Chappell purchased British high street chain BHS for £1 from Sir Philip Green in 2015 just over a year before its collapse with a multi-billion pensions black hole. The 50-year-old former racing driver has been probed by…
FRESH data from SV Partners has provided a shot in the arm for the Gladstone retail industry with its August report delivering promising news for the region. SV Partners, an insolvency accounting and specialist advisory firm, stated in its August 2017 Commercial Risk Outlook Report that no business in the retail trade was at current…
Businesses struggling to keep on top of the incoming bills may be surprised to learn that it is not suppliers that are the most aggressive instigator of company wind up proceedings. According to data compiled by Prushka Fast Debt Recovery, banks and other lenders also do not get a look in when it comes to…
Insolvency experts say small businesses are doing it tough, but that wont stop the tax office and government bodies from stepping in to apply for company wind-up orders as the Australian Taxation Office continues its more aggressive pursuit of businesses. Figures collated from court insolvency records by Prushka Fast Debt Recovery suggest that 46% of wind-up…
EIGHTY-four Gold Coast construction companies are on the brink of collapse, according to new data from insolvency group SVP Partners. The group’s August 2017 Commercial Risk Outlook report found 3.7 per cent of businesses in the industry were at high risk of insolvency. The report comes in the wake of two major collapses in the…
PM Narendra Modi. (Image: PTI) The government is considering bringing in regulations in phases to deal with individual bankruptcy under the overarching law the Insolvency and Bankruptcy Code (IBC) 2016. Sources told FE the government will first come up with insolvency regulations for individuals who are into businesses, which could be announced in a month.…