Data centres have become one of the hottest property sectors in 2020 Australias Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europes fast-growing data centre sector. However, that opportunity may…
Being declared bankrupt can seem a very daunting process, there is often a lot of uncertainty around how the system works and what you are and are not allowed to do, writes John Lynch of Lynch Solicitors. But the process can be quite straight forward. What does it mean? Essentially, if you are not able…
Orange people love their cars and new figures have revealed just how far the love affair extends. The number of registered vehicles in Orange has risen by 13.5 per cent in five years, according to the Australian Bureau of Statistics’ latest snapshot of Orange released this week. It shows we are buying far more light…
CONMAN PETER FOSTER’S COLOURFUL PAST Early Years As a teenager in the late 1970s, Foster began promoting nightclubs and boxing matches on the Gold Coast. But he was declared bankrupt in the early 80s after trying to sell tickets for a Muhammad Ali fight in Australia that never came off. He was also fined $A100,000…
Facebook Twitter Flipboard Email UNIDENTIFIED PERSON, BYLINE: NPR. (SOUNDBITE OF MUSIC) STACEY VANEK SMITH, HOST: This is THE INDICATOR FROM PLANET MONEY. I’m Stacey Vanek Smith. CARDIFF GARCIA, HOST: And I’m Cardiff Garcia. VANEK SMITH: So Cardiff, back in December, which of course seems like a lifetime ago, we at THE INDICATOR made an investment,…
The global pandemic has signalled the end for another travel company, with STA Travel left unable to pay its bills. The youth travel advisor has filed for insolvency, advising in a statement that an external administrator will be taking over in the next few days to determine the next steps. While the parent company STA…
We should take note of lessons from the past and seize the opportunity to build a better corporate insolvency system. In its January 2020 annual survey of perceptions of thirty global risks, the World Economic Forum (WEF) ranked infectious diseases tenth in terms of impact, though well down in the bottom-half of expected likelihood. There…
Facts Supreme Court decision Comment In its decision in Mineral Libin (HR-2020-257-A) the Supreme Court clarified the mandatory scope of the Insurance Contract Act and the application of the general Time Bar Act in direct actions against protection and indemnity (P&I) insurers under Norwegian law. Facts The dispute arose out of an incident that took…
Eleanor Temple, chair of the insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on todays publication of the July corporate and personal insolvency statistics: The month-on-month rise in corporate insolvencies in July is largely down to an increase in administrations, Compulsory Liquidations, and Creditors Voluntary Liquidations…
Philip Winterborne, chair of insolvency and restructuring trade body R3 in Wales and a partner at Temple Bright solicitors, comments on the recent publication of the July corporate and personal insolvency statistics: The month-on-month rise in corporate insolvencies in July is largely down to an increase in administrations, Compulsory Liquidations, and Creditors’ Voluntary Liquidations (CVLs).…
