Australia’s biggest insurance company has had a rocky day on the sharemarket, as the collapse of Lex Greensill’s finance empire continues to ricochet. Key points: The finance firm headed up by Australian billionaire Lex Greensill is in administration It follows speculation that insurance companies were refusing to renew policies Australia’s biggest insurance company says it…
Virgin Australia is keen to spread its wings and return to international flying when travel restrictions ease, with the airline mapping out the first destinations it plans to serve. Predictably, New Zealand is top of the list although a trans-Tasman travel bubble has already been mooted and delayed several times, with NZ continuing to keep…
The Australian share market is continuing its upwards trajectory as a prominent business survey shows confidence is rebounding. At 11:30am AEDT, the ASX 200 was up 0.6 per cent to 6,783 points. That is after the benchmark index closed 0.4 per cent higher on Monday. Stocks were boosted by the local currency trading down at…
UA Cinemas, one of Hong Kongs leading movie theater operators, has collapsed. The company said on Monday morning that it had applied for voluntary liquidation. UA Cinemas has always been committed to providing the highest quality of cinematic entertainment to all audiences in Hong Kong since it was founded in 1985 by Mr. Ira Kaye.…
Virgin Australia is keen to spread its wings and return to international flying when travel restrictions ease, with the airline mapping out the first destinations it plans to serve. Predictably, New Zealand is top of the list although a trans-Tasman travel bubble has already been mooted and delayed several times, with NZ continuing to keep…
Lex Greensills embattled Greensill Capital funding empire is down to just three board members in Australia after a raft of resignations, including two international directors and the chairman. Greensills chairman Maurice Thompson has resigned from the board along with former Morgan Stanley executive David Brierwood and US-based director Patrick Allin. Company records show they resigned…
A new airline is trying to muscle in on Australia’s ultra-competitive Sydney-to-Melbourne route, but its prospects of cracking the market open depends on who you talk to. Key points: Regional Express already flies to about 59 regional destinations However, it is expanding to include major metro markets Some argue Australia is unable to sustain a…
Published on :06 Mar, 2021 , 11:01 am The National Company Law Appellate Tribunal is the Apex Tribunal in the country dealing with all aspects of Corporate Law. The judgments pronounced by the Appellate Tribunal in the areas of Insolvency, Competition and Company Law regulate all elements of a companys functioning in India; from its…
RYAN ANDERSON/Stuff The Auckland High Court Russians, Italians, and the former owner of the Leeds United Football club want their $17m back from a small Auckland company. NF Global, directed by Auckland resident Claude Oberto, has been given until April by the High Court in Auckland to repay entities connected to the international businessmen. Associate…
The Kingdom of Saudi Arabia overhauled its corporate insolvency framework in 2018 with the introduction of a new bankruptcy law. In this client alert we examine the new Bankruptcy law in detail. Executive Summary The bankruptcy law that came into effect in the Kingdom of Saudi Arabia in 2018 reshaped the legal landscape with regards…