The Federal Court has recently delivered judgment in the case of Cooper as Liquidator of Runtong Investment and Development Pty Ltd (In Liq) v CEG Direct Securities Pty Ltd [2024] FCA 6, a case where a liquidator was successful in having a mortgage declared as an unreasonable director-related transaction. Key Takeaways To declare that a transaction…
Enviva, the world’s largest maker of wood pellets with four plants and an export terminal in North Carolina, has declared bankruptcy but says it expects to emerge with its business intact. Maryland-based Enviva announced late Tuesday that it had reached agreements with several of its creditors that will allow it to reduce its debt by…
Highlights Eike Immel, former Man City goalkeeper, has declared bankruptcy and now lives off benefits in a council flat. Immel’s financial struggles began after spending heavily on bills and personal expenses during his football career. The German is one of many former footballers facing financial difficulties post-retirement, with 40% estimated to go bankrupt within five…
A growing number of larger technology companies are scrambling to restructure their operations to avoid insolvency, as stubbornly high labour costs and a tough capital-raising environment mean directors are flirting dangerously with insolvency, new data shows. Tim Klineberg of King & Wood Mallesons says Safe Harbour is a strategy for company owners to consider when…
Qwic bankruptcy also impacts VDL automatic frame production Bike Europe Read the original article here
Even before New York’s Attorney General suggested seizing 40 Wall Street to pay the ex-president’s $457 million in legal fines, the property was facing serious financial problems. By Zach Everson, Forbes Staff Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and…
In short: The Federal Court has ruled Seafarms’ $2 billion prawn project on a NT cattle station is insolvent, pending an appeal. The project entered voluntary administration in February 2023. What’s next? The ABC understands Project Sea Dragon will appeal the decision. Renewed plans to build one of the world’s largest prawn farms on a remote Northern…
The Kuwaiti businessman behind a troubled £2.5bn Kent theme park meant to rival Disneyland has been declared bankrupt. Abdulla Al-Humaidi, who was a key backer of the proposed London Resort development scheme, was confirmed to be insolvent at a High Court hearing last month. It is the latest twist relating to the “Dartford Disneyland” scheme,…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Ireland v England examinerships and administrations Dentons Read the original article here