Worker claims he’s owed $100k Save Monday, 12 September 2016 A former employee is seeking $100,000 from a tech company that once aspired to list on the NZX and is now in liquidation. Lawrence Sami was employed by mobile payment company Optimizer HQ, run by Mana Kumar, which previously operated the Swipe payment brand from…
Comments (0) Lisa Thomas, insolvency practitioner at Neville & Co explains that in the end, liquidation may be the answer The main part of our work revolves around advising Directors on the insolvency options for their companies and then holding their hand through whichever procedure is most appropriate in the circumstances. Liquidation is one of the…
The high-profile directors of collapsed stockbroker BBY, Ken Rosewall and his son Glenn, will take the stand during the course of a much anticipated liquidators hearing which begins today in Sydney. Approximately 6,000 clients are owed about $61 million from BBY, which collapsed in May 2015 amid claims of insolvent trading, misuse of client…
POKIES bankrupted the Frankston Football Club. The Dolphins went into voluntary administration late last month as the club struggled under large debts and the administrators called in by the club have now confirmed most of the clubs debts are related to pokies machines licences. Worrells Solvency and Forensic Accountants, administrators called in by the club,…
Manas Kumar, of Optimizer HQ and ODEV Limited, which is now in liquidation. A former employee is seeking $100,000 from a tech company that once aspired to list on the NZX and is now in liquidation. Lawrence Sami was employed by mobile payment company Optimizer HQ, run by Mana Kumar, which previously operated the Swipe…
In limbo: Frankston Dolphins players await the outcome of the clubs administration. POKIES bankrupted the Frankston Football Club. The Dolphins went into voluntary administration late last month as the club struggled under large debts and the administrators called in by the club have now confirmed most of the clubs debts are related to pokies machines…
Clive Palmer’s security has clashed with the media again ahead of a second day of grilling over the collapse of Queensland Nickel. The former politician issued a statement claiming the media assaulted his wife and labelling an examination into the collapse of Queensland Nickel a “disappointment” before arriving at the Federal Court on Monday morning.…
Pension costs facing thousands of UK employers could be cut by up to £350bn if company schemes were given more freedom to water down pension promises, according to new analysis. The affordability of traditional defined benefit company pension schemes has risen up the political agenda, as persistent low interest rates have led to pension deficits…
Friday, Sep 09, 2016 The bankruptcy law passed by the UAE Cabinet last week is undoubtedly a new business enabler and source of confidence to entrepreneurs and the financial services industry in the country. The new legislation has come at a time when the nation is laying greater emphasis on economic diversification and private participation…
Rebates might be part of doing business in the retail sector, but as the Dick Smith collapse and Tesco charges show, we need to know much more about how they work. Edwina Pickles On Friday Britain’s Serious Fraud Office slapped fraud charges on three former executives of supermarket giant Tesco in relation to an accounting…