Click here to get Khmer Times Breaking News direct into your Telegram Derivatives brokerage GoldFX Investment Co Ltd (GFX) is preparing to declare bankruptcy, several sources familiar with the matter have told Khmer Times. The company has been at the heart of a dispute since March involving the loss of $27 million, affecting more than…
Salus Mutual Management expects growers will be able to protect themselves against counterparty risk for the value of one B-double of wheat per 10,000t crop. THE feasibility of launching a discretionary mutual fund to protect growers from the risk of counterparty default is being couched in what is believed to be a first for Australia.…
The federal appeals court in Atlanta on Wednesday upheld the Centers for Disease Control and Preventions nationwide freeze on most evictions due to the coronavirus pandemic. The 2-1 opinion by the 11th U.S. Circuit Court of Appeals said the landlords who brought the suit failed to do what they needed to do to strike down…
A 2020 decision of Mr Justice Harris concerned FDG Electric Vehicles Limited (the Company), a company which has been put into provisional liquidation in Bermuda, where it was incorporated. The Joint and Several Provisional Liquidators (the Provisional Liquidators) applied to the Hong Kong court for an order of recognition and assistance (the Application). In considering…
An anti-Zionist activist who lost a libel case after being labelled a notorious antisemite has now been declared bankrupt. Tony Greenstein had been ordered to pay Campaign Against Antisemitism more than 81,000 after he unsuccessfully sued for libel, and lost a subsequent appeal. Judges in the original case had held that CAA were entitled to…
Which company did Aleksander Lukashenko, Europes last dictator of Belarus who tortured his own people, including women and children, call to launder his reputation? Which company did Asma al-Assad, wife of Syrias brutal dictator who systematically incarcerated, tortured and summarily executed his opponents, hire to clean up her image? Which company did the Bahraini government…
Mr Reynolds was advised by the Aged Care Quality and Safety Commission on Monday that sanctions had been imposed on Chronos Care over serious breaches of prudential regulations. Another family, of a woman who died in Chronos Cares Alphington facility in February, is also considering legal action over a $225,000 deposit that should have been…
FARMINGTON A probate judge approved a settlement with the estate of Fotis Dulos Tuesday that would require his former criminal defense attorneys Norm Pattis and Kevin Smith to not discuss the case surrounding the disappearance of Jennifer Dulos for 40 years. The family of Jennifer Dulos was hoping to avoid more publicity, said Attorney Christopher…
The National Company Law Appellate Tribunal has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered for resolution of the debt-ridden realty firm. TopicsNCLAT|NCLT|liquidation The National Company Law Appellate Tribunal (NCLAT) has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered…
The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group has addressed a debt of about Rs43,000 crore and is confident of addressing an additional debt of Rs14,400 crore, taking its total debt recovery to Rs58,000 crore by March next year. In a presentation, IL&FS says, “Significant portion worth Rs50,000 crore of estimated recovery would be…