Former rugby league Test star Elijah Taylor was reportedly scammed out of hundreds of thousands of dollars by his former agent, and may not see a cent in return despite winning a legal case against it. Wide World of Sports reports Taylors former manager Ian Miles scammed more than $350,000 from the New Zealand international.…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
Belgian outlet chain Mega World is bankrupt: after the Court of Appeal decided on Monday morning that the retailer would not be protected against creditors, there was no other way out. 650 jobs will be lost. Over-indebted The shadowy story of outlet chain Mega World has come to an end, a story that began in…
Law360, London (December 22, 2020, 2:12 PM GMT) — The Pensions Regulator said workplace savings plans for failed high street giant Arcadia Group will soon be assessed by theU.K.’s lifeboat schemeto determine if they need support. The watchdog said Monday the Pension Protection Fund would begin the assessment as soon as it had carried out…
Monday, December 21, 2020 The United Kingdoms Corporate Insolvency and Governance Act 2020 (CIGA) shifted the focus of the United Kingdoms insolvency regime from administration and liquidation to rescue and recovery and introduced a number of interesting new features that apply to companies experiencing financial difficulties. This article considers how certain of these features fit…
By Reuters Staff 2 Min Read ROME (Reuters) – Italian police said on Monday a man who ran a cryptocurrency exchange that was declared bankrupt last year is suspected of being responsible for a series of hacks that caused losses of 120 million euros ($146 million). More than 230,000 people were defrauded by the cyber-theft…
By Reuters Staff 2 Min Read ROME, Dec 21 (Reuters) – Italian police said on Monday a man who ran a cryptocurrency exchange that was declared bankrupt last year is suspected of being responsible for a series of hacks that caused losses of 120 million euros ($146 million). More than 230,000 people were defrauded by…
The Nordic Resistance Movement marched with swastika flags in Helsinki on Independence Day 2018. Image: Martti Kainulainen / Lehtikuva The neo-Nazi organisation Pohjoinen perinne (or ‘Nordic Tradition’ in English), a registered association of the Nordic Resistance Movement (Finnish acronym PVL), has been declared bankrupt by Pirkanmaa District Court on Monday. A request for bankruptcy was…
LONDON The breakup of Arcadia has begun with administrators Deloitte selling off the first brand from the bankrupt clothing group, Evans. The plus-size brand, its ecommerce and wholesale businesses, have been sold for 23 million pounds to City Chic Collective Ltd., an omnichannel retailer that specializes in apparel, footwear, and lingerie in a wide range…