Sometimes I feel as though I want to say a little prayer for the Archbishop of Canterbury, Justin Welby. His understandable anger and frustrations at the burning injustices of our times seem to have turned the mind of this priest a little too turbulent. Having helped put it out of business, just as he threatened,…
A decade after Lehman Brothers collapsed, the courts are still working on remnants of the largest bankruptcy in U.S. history as the municipal bond industry continues to feel the effects. For the muni market, Lehman was a domino, said Nicholas Venditti, managing director at Thornburg Investment Management. In and of itself, Lehman wasnt a huge…
The port is being developed as a multipurpose, multi-cargo and all-weather port under a 50-year concession agreement. Mumbai: Adani Ports, Indias largest private sector port operator, and Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai are likely to bid for Dighi Port, which was declared bankrupt by the National Company Law Tribunal (NCLT) in April,…
The restaurant industry sure seems to be struggling these days. To wit: Noon Mediterranean, formerly known as Verts, filed for bankruptcy protection. Just last week, Mike Isabella Concepts declared bankruptcy. So did Rubys Diner. This after Real Mex Restaurants filed last month. Barnes & Noble admitted that its full-service restaurant experiment has been a major…
THE liquidator of a failed Rockhampton building company has released its report – and it’s not good news for the company’s 138 unsecured creditors. Metro Builders ceased trading on June 9, more than six months after becoming insolvent, owing more than $2.4million. On Tuesday, director and sole shareholder Glen Finning declared personal bankruptcy. Liquidator Christopher…
KUALA LUMPUR, Sept 13 Prominent lawyer Tan Sri Muhammad Shafee Abdullah built a reputation for getting people off charges as grave as murder, drug trafficking and corruption, but is now in the dock just like his varied clients. Shafee used to working from the outside as counsel for high-profile politicians and businessmen was formally accused…
Tan Sri Muhammad Shafee Abdullah leaves the Kuala Lumpur Courts Complex September 13, 2018. Picture by Azneal Ishak KUALA LUMPUR, Sept 13 Prominent lawyer Tan Sri Muhammad Shafee Abdullah built a reputation for getting people off charges as grave as murder, drug trafficking and corruption, but is now in the dock just like his varied…
Ryan Thomas jokes he ‘now knows how to pay the taxman’ after his £40K bankruptcy hell… as he admits he ‘dreams of making millions after CBB’ The 34-year-old actor, who was crowned winner of CBB on Monday, appeared on Jeremy Vine to discuss Punchgate and his future success Back in 2013, Ryan, who starred as…
A company that once received the biggest ever deal on the Australian edition of Shark Tank, but was marred by controversy in the months after the show aired, has fallen into voluntary administration. Coffee pod manufacturer iCapsulate was placed into voluntary administration late on Monday, with Rodgers Reidy administrator Andrew Barnden appointed to oversee the…
Recently-published UK government proposals to tighten up insolvency laws and address the business practice of phoenixing have put a fresh spotlight on a notoriously tricky area of financial regulation. Under the plans, company directors who dissolve their business to circumvent obligations such as staff payments and pension commitments could face substantial fines. The legislative backdrop…