Porn star who ‘dreamt up’ Rangers’ controversial Employment Benefit Trusts system declared bankrupt – The Scottish Sun

IN THE RED Finance guru Paul Baxendale-Walker, 54, who also starred in porn movies, introduced EBTs to ex-Gers chairman Sir David Murray THE PORN star behind Rangers controversial tax scheme has been declared bankrupt with whopping debts of £16 million. Finance guru Paul Baxendale-Walker, 54, who introduced EBTs to ex-Gers chairman Sir David Murray, went…

Essar Steel insolvency: Lenders urge NCLAT to expedite resolution process, say firm incurring daily loss of Rs 17 crore – Firstpost

New Delhi: Lenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in “quick” time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore. At a hearing of the National Company Law Appellate Tribunal (NCLAT), Sudipto Sarkar, counsel appearing for the Committee of Creditors (CoC) of…

Insolvent bike-sharer Obike abandons bicycles throughout Europe – Deutsche Welle

Bike-sharing companies have been competing fiercely for market share, and some have been losing money in the process. In a number of German cities, the dockless rental bicycles provided by Singapore-based Obike are proving especially problematic. Scattered around the sidewalks of various major cities, they’re often in the way of pedestrian traffic and they’re frequent targets…