STX Mumbai is insolvency alone capable of amounting to an anticipatory breach of contract? Maybe, well at least in … – Hellenic Shipping News Worldwide

Background In a recent Singapore Court of Appeal case [1] the claimant supplied bunkers to the defendants ship. The terms of the bunker supply contract required payment within 30 days of delivery. Three days before payment fell due, the claimant demanded immediate payment for the bunkers by close of the same business day. The claimant…

International Women’s Day: Vijay Mallya receives hard-hitting letter from women employees calling him ‘bluffmaster’ – India.com

New Delhi, Mar 8: Former director of Kingfisher Airlines, Vijay Mallya was slammed by his erstwhile female employees who are still awaiting their salaries. In a hard-hitting letter written by the aggrieved women, they lashed out at Mallya for holding back their salaries and accused him of being exploitative to the core. Mallya held up…

MLPs: Critical But Often Overlooked Tax Implications Of Suspended Distributions And Debt Restructuring – Seeking Alpha

I’ve noticed within the comments section of my recent articles on Legacy Reserves (NASDAQ:LGCY) and Memorial Production Partners (NASDAQ:MEMP) that many readers are concerned with the potential tax ramifications of all the “creative measures” upstream master limited partnerships (“MLPs”) are implementing to try to remain solvent through the downturn in commodity prices. Latham & Watkins,…