South Australian senator Bob Day has changed his mind just a week after saying he would resign from his $199,000 job because it would be untenable to stay in Parliament when his home building business went into liquidation. I will of course resign, he said, when his Home Australia group collapsed, leaving 200 homes in…
AAP on October 26, 2016, 4:25 pm Geoffrey Edelsten has appeared in a Melbourne court for a hearing linked to his US bankruptcy. Bankrupt businessman Geoffrey Edelsten faces years of litigation in Australia and the United States, with creditors in both countries lining up to get a piece of his Victorian assets. Edelsten is being…
He was known by all the bookmakers, Tom Waterhouse says in Andrew Sigalla fraud trial Tom Waterhouse enters King Street Supreme Court where he is giving evidence in the Anthony Sigalla trial. Photo: Nick Moir Andrew Sigalla (right) leaves the Supreme Court. Photo: Jessica Hromas exit High-profile bookmaker Tom Waterhouse has told a Sydney court…
Recently declared bankrupt after a string of disastrous investments, the one-time multi-millionaire Premier League defender has, in his own words, gone “to ground” since being jettisoned by Australia coach Ange Postecoglou before the 2014 World Cup. Postecoglou excruciatingly details the awkward telephone conversation in which he cut short Neill’s 96-cap Soceroos career in his recently…
Recently declared bankrupt after a string of disastrous investments, the one-time multi-millionaire Premier League defender has, in his own words, gone “to ground” since being jettisoned by Australia coach Ange Postecoglou before the 2014 World Cup. Postecoglou excruciatingly details the awkward telephone conversation in which he cut short Neill’s 96-cap Soceroos career in his recently…
Its hard to pick which nation will spark the next major banking crisis. But the latest moves out of China are certainly troubling. Over there, a new debt relief plan for debt-laden companies has been added to a growing list of systemic financial risks that includes unsustainable credit growth and credit-driven malinvestment. The debt relief…
Family First senator Bob Day has signalled his intention to stay in the Senate until at least early 2017, despite announcing his resignation this month. In a series of Twitter posts on Wednesday, the embattled South Australian claimed his party and home state would not have adequate representation because a replacement senator couldn’t be appointed…
The government expects the entire Insolvency and Bankruptcy Law to become operational by end-December, Economic Affairs Secretary Shaktikanta Das said here on Tuesday. “We have a definite roadmap to implement the Bankruptcy Law, the Ministry of Corporate Affairs is working on it, the Law Ministry, the Legislative department have played a very…
The UAEs new bankruptcy law could come into effect by the end of the year, amid concerns that the court system may struggle to implement it effectively. The bankruptcy law was published in the countrys official legal gazette on September 29, stating that it will come into effect three months later, according to a senior…
2016-10-25T17:16+02:00 17:16 25.10.2016 The National Bank of Ukraine (NBU) deliberately refused to sign an amicable agreement with bank Financial Initiative (Kyiv) that later was announced insolvent, former 100% beneficiary of the bank Oleh Bakhmatiuk has said. “The removal of bank Financial Initiative from the market was a personal whim of Mrs. Gonatareva (NBU Governor Valeriya…