The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
The total number of petition filings across offshore jurisdictions fell 10% in 2016 when compared to the previous year, reflecting a continued levelling off since the high-point of 2013, according to a report released by law firm Appleby. This was among the findings of the firms Snapshot: Review of 2016 Offshore Petition Filings & Court…
Archi Render owners Alma and Merso Halilagic have had a caveat taken out on their home after being left $150,000 out of pocket by the collapse of Watersun Homes. Picture: PAUL JEFFERS The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
Scandal-plagued Acquire Learning goes into administration exit The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as chair of its advisory council, went into voluntary administration on Friday on the verge of insolvency. Back in 2014 the…
WHEN Sam Vokes left Bournemouth in the summer of 2008 facing the Cherries in the Premier League nine years on seemed an impossible dream. The then 18-year-old scored 12 goals the season before but couldn’t prevent Bournemouth being relegated to League Two, where they would start the following campaign with a 17-point deduction after failing…
A recent National Company Law Appellate Tribunal (NCLAT) ruling on the Insolvency and Bankruptcy Code (IBC) weakens the mechanism by delaying quick resolution, legal experts said. The appellate tribunal said that the 14-day timeline for rejecting or admitting a case under the IBC was a directive: that means courts do not have to necessarily adhere…
Evidence of dual citizenship, bankruptcy leads to disqualification of Pujut assemblyman Wong gestures while tabling his motion one that later disqualifies Dr Ting Tiong Choon of his credential as Pujut assemblyman. Dr Ting Tiong Choon THE State Legislative Assembly (DUN) yesterday resolved to unseat Dr Ting Tiong Choon (DAP-Pujut) following an overwhelming 70 votes from…
70 members of the state legislative assembly voted in favour of disqualifying Dr Ting Tiong Choon. VIDEO INSIDE PETALING JAYA: Sarawaks Pujut constituency will see a by-election within 60 days, after its assemblyman Dr Ting Tiong Choon was today disqualified from the state legislative assembly over allegations that he is an Australian citizen. A total…
SolarWorld AG, Europes largest independent solar energy company has filed for insolvency in Germany due to the difficult market environment as low-cost panels, mostly manufactured in Asia, have glutted the global market. SolarWorld is led by Frank Asbeck, a colorful businessman known as the Sun King in Germany, who has led the charge against what…