Insolvency and restructuring firms are circling Peabody Energy’s Australian arm, with the unit expected to appoint advisers and push ahead with a restructure as early as this week. The United States-listed Peabody Energy flagged that it was on the verge of Chapter 11 bankruptcy last month and sources told Street Talk the situation was poised to…
A DELOITTE insolvency expert has told a court how the loans between Kleenmaid-run companies brought the company down. Richard Hughes, a Deloitte financial advisory partner, told the Brisbane District Court on Monday a web of loans ensured that when one Kleenmaid-run company was declared insolvent, the many others collapsed with it. Former Kleenmaid directors Andrew…
We have the highest unemployment rate weve had in 20 years and the only province facing a decline in its GDP, said Karen Wyke, a partner with Fasken Martineau DuMoulin LLP, speaking at the Canadian Corporate Counsel Association last week. Wyke was part of a panel discussing recurring themes faced by in-house counsel in the…
MADISON, Wis. (AP) Wisconsin Gov. Scott Walker says hes thrifty and is offering T-shirts for craft projects while asking donors to help pay off the $1.2 million debt from his short-lived presidential campaign. The Republican sent an email to donors Sunday saying, if there is one thing the American people learned about me during our…
Published 11/04/2016 | 12:38 Simon Stokes and Conach Stokes BANKRUPT businessman Simon Stokes’ estranged wife Conach has told the High Court she wants to be added to his list of creditors as part of his bankruptcy process. Share Go To “I just want you to make you aware about the situation and how he has…
Exposing tax dodgers is a worthy endeavor, but the limited hangout of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the Panama Papers, leaked from a Panama law firm specializing in shell companies, has triggered…
Exposing tax dodgers is a worthy endeavor, but the limited hangout of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the Panama Papers, leaked from a Panama law firm specializing in shell companies, has triggered…
DAVID Cameron is right. He only has himself to blame for the crisis of confidence which is in danger of turning the June 23 referendum on Britains European Union membership into a vote on the Prime Ministers trustworthiness and probity of his personal finance arrangements. If he had been open with people at the outset…
Sir, I read with interest Conor Popes article Distressed borrowers share their stories (April 4th), regarding a public meeting in Portlaoise on April 2nd, which was called to highlight the plight of people facing repossession proceedings in Ireland. The article described the very real human impacts that debt can have on individuals at a physical…
Commissioner Margrethe Vestager, in charge of competition policy, stated: “Following the economic difficulties of Oltchim and the cancellation of public debts owed by the company, we need to verify whether a private creditor would have accepted to act in the same way. Thanks to its recent reorganisation, Oltchim’s financial situation has improved and Romania hopes…