Image caption Anthony Cardoza was declared bankrupt after losing an appeal against repaying money to a council A former football club owner has been declared bankrupt after he was ordered to repay 2.1m to a council that lent it money for a stadium redevelopment. In January a High Court judge ruled ex-Northampton Town owner Anthony…
An SMSF member has had their application to have a bankruptcy notice set aside dismissed in a recent decision by the Federal Court of Australia. The case of Batterham v Nauerinvolved Peter Batterham, the sole member and beneficiary of an SMSF, the Batterham Retirement Fund. The case concerned applications in two proceedings following the issue…
SINGAPORE – The tycoon who made headlines in 2017 for his run-in with the management committee of the Ardmore Park condominium was declared bankrupt in the Hong Kong High Court last week. Dr Sit Kwong Lam, who was listed as a billionaire by Forbes in 2017 but dropped off last year, had provided a personal…
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
Xue Guanglin, the founder of Brightoil Petroleum Holdingsand once a billionaire on the Forbes rich list, was declared bankrupt by Hong Kong High Court following a long-running case involving financial woes at his company. As Xue is a personal guarantor for about US$30 million debt owed by Brightoils Singapore subsidiary to Vietnamese national oil company…
Gazprom has begun buying natural gas from Turkmenistan after a three-year pause, under a 25-year contract signed in 2003 and suspended in 2016. Until 2010, Russias gas giant was the biggest buyer of Turkmen gas, Reuters recalls in its report on the story, adding that this was the year when Turkmenistan began exporting gas to…
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
Grain Brokers Australia, April 16, 2019 FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life,…
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
One of the most pressing concerns from Sizmeks bankruptcy comes from SSPs, which must reconsider how they think about risk and credit with their longtime partners. Brands and agencies often pay DSPs on 90-day or even 120-day cycles. But DSPs pay SSPs between 30 to 60 days. Theres a separate contract between…