Staff will now have to apply through the Governments Insolvency Payments Scheme to get the money theyre owed. HMV stores have closed their doors once again, three years after they were handed a lifeline by investment company Hilco Capital. The music chain went into liquidation last night, meaning staff did not receive the redundancy packages…
Bayern Munich’s Allianz Arena home. A lawyer has demanded the liquidation of FC Bayern Munich eV, the registered club that owns 75.01 percent of Bayern Munich AG, the company in charge of the football club’s operation, from the register of associations. Lars Leuschner, a professor for civil law, business law and company law at the…
KEITH WHITTEN/FAIRFAX NZ The Mad Butcher store in Silverdale has been placed in liquidation at the request of the Inland Revenue Department. The owner of the Mad Butcher store in Silverdale has been placed into liquidation. It is at least the seventh franchisee of the discount butcher chain to go under in the past 18…
Is buying into a franchise worth the investment? Recent disputes between franchisors and franchisees of popular brands such as Nandos, Eagle Boys and 7-Eleven would suggest franchises are risky business. However, enterprising Australians do love a franchise: we have about 1200 different franchise systems operating, licensing almost 80,000 franchisees. This is one of the highest rates…
By Nathan Lynch, Head Regulatory Analyst for Australia & New Zealand, Thomson Reuters Lawyers, accountants and other professional service providers are facilitating tax evasion and money laundering in Australia on a scale that places them in the category of organised crime, according to senior policing figures and government officials. The release of the Panama Papers…
Is buying into a franchise worth the investment? Recent disputes between franchisors and franchisees of popular brands such as Nandos, Eagle Boys and 7-Eleven would suggest franchises are risky business. However, enterprising Australians do love a franchise: we have about 1200 different franchise systems operating, licensing almost 80,000 franchisees. This is one of the highest rates…
The special administration regime is referred to in the Act as ‘housing administration’, and is aimed at private registered providers of social housing in England (‘housing associations’). It is limited in that only the secretary of state, or the Homes and Communities Agency (HCA) with the consent of the secretary of state, may apply for…
Total buybacks and dividends in the S&P 500 equal about 128 per cent of annual earnings this year, the most on record outside the financial crisis, according to an August report by Barclays Capital. Dennis Brack by Oliver Renick Little by little, the corporate cushion is shrinking. Pressured by a year-and-a-half of weakening profits and…
Its hard to come up with a better example of just how topsy-turvy the global corporate tax situation is than Irelands effort to prevent Apple Inc. from paying it more than $14 billion in back taxes. The country, which only a few years ago was digging out of insolvency, doesnt want the money. Instead the…
In the next few weeks, an election event will take place that I believe could trigger major volatility ending in the market crash. I believe it is too late to reverse the tidal wave of our financial systems failure that has been brewing for three decades now. It will soon end in a speculator implosion…