A number of lawyers have called for reform to the insolvency regime in Australia, but the most desirable model has divided opinion. The Australian insolvency regime has come under close government scrutiny in recent years, with the Productivity Commission delivering its Business Set, Transfer and Closure report in December 2015 and then the commonwealth government…
Former CEO Darren Topp tells MPs that Dominic Chappell twice threatened to kill him He says he feared for his life after challenging Chappell over missing £1.5m Chappell ‘duped’ BHS by funneling £7m from office sales to his private firm He bought BHS for £1 from Sir Philip Green but retailer collapsed last week But…
Czech coal miner OKD, the insolvent unit of New World Resources (NWR) , urgently needs a state loan of up to 1 billion crowns ($42.1 million) to keep operating, Industry Minister Jan Mladek said on Wednesday. Mladek, in a statement, said that a state-backed loan was the only option for OKD to secure financing to…
To find out, I spoke with Jeffrey Carhart, partner of the law firm Miller Thomson. He is a respected expert in the area of corporate bankruptcy and insolvency. According to Carhart, perhaps the simplest way to consider the differences is to think about who is in control of the insolvent company? Generally speaking, the Companies…
But in the bankruptcy cases, West Virginia has been pressuring the industrys lenders to share more of the responsibility for mine reclamation and water remediation, arguing that they exert great influence, if not outright control in some cases, over the bankrupt mining companies. Still, figuring out who holds the industrys debt can involve a cat-and-mouse…
4:50 PM ET Mike FishESPN Senior Writer Close Investigative reporter for ESPN.com 10 years at The Atlanta Journal-Constitution Twice nominated for a Pulitzer Prize LOS ANGELES — For the second time in as many weeks, Phil Mickelson‘s connection to sports gambling surfaced in a federal criminal proceeding, this time on Monday, when a California man…
Philip Chiyangwa Dingilizwe Ntuli Sports EditorLEGAL experts say the local football leadership has plunged itself into a seemingly intractable quagmire over the rushed decision to announce the dissolution of Zifa and formation of the National Football Association of Zimbabwe (NFAZ) without following proper legal channels. An extraordinary congress convened at Zifa Village on Saturday resolved to…
Disaster: Bankrupt businessman Dominic Chappell bought BHS for £1 Bankrupt businessman Dominic Chappell, who bought BHS for £1, will make his first public appearance since the store collapsed in to administration tomorrow. The one-time racing car driver will be quizzed by MPs over his involvement in the scandal which has seen 11,000 staff lose their jobs,…
8:50 PM GMT LOS ANGELES — For the second time in as many weeks, Phil Mickelson‘s connection to sports gambling surfaced in a federal criminal proceeding, this time on Monday, when a California man was sentenced to 12 months and one day in prison for transferring nearly $3 million of the pro golfer’s money to…
The High Court in Blantyre has blocked the Reserve Bank of Malawi (RBM) from taking over management of a local insurance company, Prime Insurance Limited. Charles Chuka governor of Reserve Bank -Announced take over of Prime Insuarance At a news conference on Friday in Lilongwe, RBM announced it was putting the insurance company under its…