(Adds details, background) By Jan Schwartz HAMBURG, Germany, June 1 German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the deepening turmoil in a global container…
VIKAS DHOOT NEW DELHI, May 30, 2017 00:00 IST Updated: May 30, 2017 04:35 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
Vodacom has been issued with a summons to pay him R2 million allegedly handing OSullivans records to his Radovan Krejcir. Vodacom. Picture: Facebook. JOHANNESBURG Cellphone giant Vodacom says it released the information under a lawfully issued subpoena as it was obliged to do as per the criminal procedure act and it will…
It’s hard to imagine a more meteoric rise than that of Michael King. At the height of the property boom in mid-2007, the former small-time Gold Coast lawyer had broken into the BRW Rich 200 with his ASX-listed MFS investment empire. He had interests across financial services, property, travel, leisure and childcare, which owned household brands…
Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders. The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul…
Vikas Dhoot NEW DELHI, May 29, 2017 21:30 IST Updated: May 29, 2017 21:32 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders. The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul…
Taking on the chief executive role at Wesfarmers is akin to becoming the president of the People’s Republic of China. You can safely count on a 10-year tenure unless the peasants revolt. So maybe we shouldn’t pay too much attention to the news that Richard Branson‘s former lieutenant the flashy David Baxby is joining Wesfarmers…
10:54 29/05/2017 MOSCOW, May 29 (RAPSI) The Moscow Commercial Court had declared Pallada Asset Management, oldest management company in Russia, bankrupt, RAPSI learnt in the court on Monday. The company, founded in 1996, is an acting manager of retirement savings for a non-state pension fund (NPF) Mechel-Fund. The court has found that there are indications…
Padlocked and falling apart: Rio Olympic legacy in tatters Waves batter the incline near the site of a collapsed section of a bicycle path in Rio de Janeiro, Brazil, on Thursday, April 21, 2016. Two people have died after a 50-meter section of a recently completed cycle path built as part of Rio de Janeiro’s…