“The federal government likes to say that it is on the side of small business, yet all we see is more and more businesses go to the wall,” Hunter said. “To keep good businesses thriving, the NSW government needs to take a serious look at lowering payroll tax levels, bed down proper reform of the…
26 September 2024 Creditors successful in direct claims for compensation against directors In 2023 the Supreme Court confirmed in the Mainzeal decision that section 301 of the Companies Act could be used for direct claims by creditors against directors for losses suffered as a result of breach of director duties. This was recently used by…
Getty Images Vice Media plans to cut hundreds of jobs as it stops publishing on Vice.com, according to a memo from chief executive Bruce Dixon. In May, the firm filed for bankruptcy in the US and was bought by Fortress Investment Group. Mr Dixon said Vice plans to “partner with established media companies to distribute…
‘Stop This Now Or…’: Elon Musk Repeats ‘America Could Go Bankrupt’ Warning | U.S. Election The Times of India Read the original article here
FC Barcelona have been declared ‘technically bankrupt’. UEFA via Getty Images FC Barcelona have been declared ‘technically bankrupt’ by a leading Catalan journalist. The Blaugrana are mired in debts repeatedly reported as exceeding €1 billion ($1.075 billion), and had to pull various ‘economic levers’ last summer revolving around the sale of future television rights revenue…
Stock Photo: Getty Images One of Russia’s largest microchip manufacturers, Angstrem (Zelenograd), has been declared bankrupt. Source: The Moscow Times Details: The company has been put under observation, and the decision to declare the debtor bankrupt was made at the request of Zenit Bank on 2 December 2024. As the case file shows, the court…
This article was updated on March 8, 2024 The exit from bankruptcy of Derek Quinlan, the boom-time property investor, has been delayed after a move by his trustee to suspend his discharge. Quinlan, 76, who once owned trophy homes in New York, Mayfair in London and Saint-Jean-Cap-Ferrat on the French Riveria, was due an automatic…
Pilot told to pay $50,000 debt or be made bankrupt Stuff Read the original article here
By Martin Croucher · December 5, 2024, 12:36 PM GMT Company bosses and their insurers could face increased claims next year from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday…. To view the full article, register now. Read the original article here
The Cayman Islands: A Leading Jurisdiction for Investment Fund Insolvency and Restructuring. by: Mark Goodman, Partner at Campbells Cayman Islands In the ever-evolving landscape of global finance, the Cayman Islands has established itself as a premier jurisdiction for handling complex insolvency and restructuring cases, particularly for investment funds. With its robust legal framework, creditor-friendly system, and…