In a very rare move, the federal government plans to use its position as a creditor to call for the appointment of a special purpose liquidator to recover taxpayers funds from Clive Palmer and associated entities. This follows a report from the administrators of Queensland Nickel, which suggested Clive Palmer could be held liable as…
THE risk of Northern Ireland firms becoming insolvent is in decline, according to trade body R3. The organisation said April was a “month for optimism” across the north’s key sectors. R3 tracks 10 sectors and found seven of those were at less risk of insolvency than a month ago while another had seen no change.…
Developer Lawrence Kenwright has rubbished claims he is not the man to save Cardiffs Coal Exchange . Mr Kenwrights Signature Living company, which has restored derelict historic buildings in Liverpool, has been chosen to lead the £42m restoration. But Cardiff South and Penarth MP Stephen Doughty has questioned whether Mr Kenwright is the right person…
Reactiv Media was fined for ‘bombarding’ people with nuisance calls Tony Abbott, 44, has filed petition to wind up Yorkshire-based company He recently bought a 25-room mansion in Surrey and is expected to get married in a £100,000 ceremony at The Savoy later this month By Emily Chan For Mailonline Published: 20:54 EST, 17 April…
Video will begin in 5 seconds. More video Recommended Replay video Roar break Victory hearts with last-minute winner Thomas Broich comes good to keep Brisbane Roar in the A-League finals and send Melbourne Victory crashing out. PT1M30S 620 349 Do Brisbane Roar know how big they could be, or should be? Having survived another epic…
German prosecutors filed a raft of charges against four members of the wealthy Schlecker family on Thursday, accusing them of pulling valuable assets out of their namesake drugstore chain and hiding them from shareholders before the company went bust in 2012. The prosecutors, based in Stuttgart, have leveled 36 counts of embezzlement,…
Monarch Airlines is eyeing up a number of struggling European rivals as its owners weigh ambitious growth plans for the low-cost carrier. It is understood the airline has shortlisted a handful of potential takeover candidates on the Continent, as part of a wide-ranging strategic review undertaken by Greybull, the investment firm that saved it from…
The problem of large-scale non-performing assets, or NPAs, in the banking sector is at the forefront of the policy debate. Kingfisher Airlines has been in the headlines, as has been the Supreme Court’s request for a list of willful defaulters. There is hope that the proposed Indian Bankruptcy Code (IBC) will solve some…
Questioning the “business model” of long-grounded Kingfisher Airlines for Vijay Mallya’s mounting woes, Finance Minister Arun Jaitley has said the airline sector as such is doing well in India with many carriers making good profits. Mallya, the owner of Kingfisher Airlines and many other companies that owe over Rs 9,000 crore of dues to lenders,…
Share 2,045 Tweet Comment Peabody Energy, the worlds largest privately-owned coal company, announced Wednesday that it has filed for Chapter 11 bankruptcy, following a significant downturn in the coal market that left the company saddled with debt. Peabody, which is headquartered in Missouri, maintained that its mines and offices would remain open, and that its…