It started with the shock resignation of WA Greens senator Scott Ludlam in July. A surprise New Zealand citizenship – a legacy from his childhood – had rendered him invalidly elected under Section 44 of the Constitution. In the weeks that followed, foreign-born and second-generation MPs and senators from across the political spectrum poured through…
THE Sydney lawyer Robert William Cameron, one of a large group of barristers revealed eight years ago as former bankrupts and serial tax defaulters, has been struck off the roll of legal practitioners. But it has taken more than six years to do so. The executive director of the NSW Bar Association, Philip Selth, blamed…
Aug 29, 2017 08:39 PM IST | Source: CNBC-TV18 The Reserve Bank of India has sent the second list of over 40 large corporate defaulters that include Videocon, JP Associates, IVRCL and Visa Steel, among others, to be referred to the National Company Law Tribunal (NCLT), reports CNBC-TV18 quoting sources. The Reserve Bank of India…
Boris Becker was supposed to be commentating on the US Open for Eurosport The tennis legend has not made it to America due to issues with his visa He denied rumours that the problems are related to recent bankruptcy hearings By Mike Dickson for MailOnline Published: 10:23 +10:00, 30 August 2017 | Updated: 10:50 +10:00,…
Retired Dublin solicitor and former property tycoon Brian ODonnell exited bankruptcy yesterday, The Irish Times reports. Ms Justice Costello formally discharged him from bankruptcy at a sitting of the High Court yesterday. Mr ODonnell and his wife, Mary Patricia, were judged bankrupt by the High Court in August 2013 in a finding confirmed by the…
SINGAPORE (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries. There is going to be some downward pressure,” Chief Executive Robert Martin said in…
Retired Dublin solicitor and former property tycoon Brian ODonnell exited bankruptcy yesterday, The Irish Times reports. Ms Justice Costello formally discharged him from bankruptcy at a sitting of the High Court yesterday. Mr ODonnell and his wife, Mary Patricia, were judged bankrupt by the High Court in August 2013 in a finding confirmed by the…
Shutterstock photo By Jamie Freed SINGAPORE, Aug 29 (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd, posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries. “There is going to be some…
MUMBAI: Amid the euphoria over Bankruptcy Code and hopes of turning around debt-ridden companies, many lenders have overlooked a simple, yet crucial, caveat. Almost all significant decisions such as offering preference shares to infuse funds into a defaulting company, selling properties and assets, floating convertibles, and declassifying the promoter following a dilution of shareholding –…
MUMBAI: The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written down? The problem, say industry trackers, is that the purchase of a distressed asset triggers write-downs in the profit and loss (P&L) accounts of companies, resulting in likely book…