26 April 2016 Melissa Coade View Comments Sydney lawyer Stewart Levitt has warned that Australian laws must change along with the appointment of the new special prosecutor to deal with bank crimes and misconduct. Following news of Treasurer Scott Morrisons plans to appoint an ASIC commissioner to the new role, Mr Levitt has highlighted the need for…
Nikhil Shah, Managing Director To extend resolution services; plans to open office in Delhi New Delhi, April 25: Alvarez & Marsal, a global leader in turnaround management and corporate restructuring, intends to widen service offerings in India to include Resolution services. The firm plans to offer resolution professionals service once the new insolvency and Bankruptcy…
The US government has a lot of debt, around $19 trillion of it. Yes thats a huge, intimidating number on the face of it, but according to Scott Brown of Raymond James, its also not a serious issue. Just when you thought all the fear-mongering had subsided, the national debt has resurfaced as a topic…
It was only one sentence, uttered in a TV interview more than 14 years ago by a former Deutsche Bank CEO, but it set the ball rolling for what would become one of the most bitter and most protracted legal disputes in German corporate history. In February 2002, Rolf Breuer, a former top executive at…
Alphachatterbox is available on Acast, iTunes, and Stitcher. Many people like it when stocks go up, and feel bad when prices go down. Pension plans look healthier in bull markets. Dealmakers have more work to do when rich valuations encourage executives to go on buying sprees. Brokerage houses get more fees when amateur punters decide…
The CEO of Queensland based distributor E3 Style Vanessa Garrard claims that her Company, has not been placed into liquidation, she claims that E3 Style, which is suffering from cash flow problems, was deliberately placed into voluntary administration. Garrard claims that the Company became the largest licensed electronics distributor in Australia and that her Company…
Reuters on April 25, 2016, 8:07 am By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp , in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc…
Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way so that it could book the 665.5 billion yen ($5.95 billion) proceeds before…
The trustee of the bond issued by Canadian real estate company Urbancorp in Tel Aviv, Reznik Paz Nevo Trusts Ltd., filed an application today for an injunction forbidding any disposition in Urbancorp’s assets. Tel Aviv District Court judge Eitan Orenstein granted the application and issued the injunction. At the end of last week, Urbancorp filed…
JONO GALUSZKA Relevant offers The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor…