John Elliotts life was a business, sporting and political roller-coaster. The larger-than-life character, who many Liberals once touted as a future Australias prime minister, built and lost a mighty business empire and led the Carlton football club through good times and bad. The gravel-voiced and aggressive chain smoker could be offensive, at least to those…
The directors behind Avacade have each received six-year directorship disqualifications after the Insolvency Service found they had paid themselves 1.4m during a tax investigation. Craig Lummis and his son, Lee Lummis,were banned by Judge Halliwell in Manchesters High Court on August 27, due to the fact they repaid themselves 1.37m despite their company being under…
Businessman John Elliott, who was a Liberal party elder and the longest-serving president of Carlton Football Club, has died in hospital aged 79. His son Tom Elliott told Melbourne radio 3AW his father “had taken his last breath” on Thursday. “He had been ill for a few weeks,” Tom said. “It is very sad news…
Former Liberal Party president and Carlton boss John Elliott has died in hospital aged 79. The businessman was federal president of the Liberal Party from 1987 to 1990 as well as treasurer and vice-president of the Liberal Party in Victoria, as well as its federal treasurer. He also served as the president of the Carlton…
John Elliott, the controversial Australian businessman and former federal president of the Liberal party, has died aged 79. Elliott was also president of the Carlton football club for two decades before being sacked in 2002 after the club breached salary cap rules. He was federal president of the Liberal party in the late 1980s. He…
CASE LAW ALERT: UNFAIR PREFERENCE CLAIMS AND THE SET-OFF “DEFENCE” UNDER SECTION 553C (PART 1 of 2) The Section Section 553C of the Corporations Act 2001 (Cth) (the “Act”) provides for a statutory set-off between an insolvent company and a party seeking to have a debt or claim admitted in the winding up. Provided that…
The NRA declared bankruptcy; its longtime chief executive, Wayne LaPierre, has been disgraced, setting the gun-rights group back on its heels. Yet the NRA is still a powerful enough force in Washington politics to derail President Bidens effort to install a Senate-confirmed leader of the ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives), once again…
Registered company insolvencies across England and Wales spiked 71% year-on-year to 1,348 in August 2021. The figure, which was slightly below August 2019s 1,366 insolvencies, consisted of 1,256 CVLs, 35 compulsory liquidations, two CVAs, and 55 administrations. Related Articles This represented a year-on-year climb of over 50% for both CVLs and compulsory liquidations, while administrations…
Andrew Left called Evergrande insolvent in 2012. Citron Research The looming debt crisis faced by China’s second largest property developer was on Andrew Left’s radar nearly 10 years ago. The famed short-seller said China’s Evergrande would be “severely challenged from a liquidity perspective” in a 2012 report. Hong Kong subsequently imposed a five-year ban on…
August 2021 saw the number of company insolvencies reach their highest level since the first UK lockdown, with businesses balancing the easing of restrictions with the end of government support. There were 1,348 registered company insolvencies in August 2021, according to figures released by the Insolvency Service 71% higher than in the same month in…