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Peacock, A. et al. Global statistics on alcohol, tobacco and illicit drug use: 2017 status report. Addiction 113, 1905–1926. https://doi.org/10.1111/add.14234
“I don’t believe any of that applies. I acted in good faith at all times,” Cummings said on Thursday.
James Cummings has carved out a formidable record after getting his start training with grandfather Bart.Credit: Eddie Jim
“The reality is the biggest debts owed by the training company were to me, my wife and my thoroughbred company. That’s a matter of fact. I’ve had discussions with the majority of people involved and there is no issue there.”
Cummings is continuing to train dozens of horses at Randwick and hopes to re-form a partnership with his other son, Edward, who previously operated at Hawkesbury, under the 38-year-old’s company Myrtle House.
Edward Cummings has already transferred his horses in work to his…
The final liquidation report into the failed Fortress Information Systems Limited – which traded as Ticket Rocket and previously as Ticket Direct – has been released, showing that creditors are owed close to $10 million.
With receivers first appointed to the Dunedin-based company in August 2020, liquidators were then appointed in October of that year. After unsuccessful attempts to sell the business, iy ceased trading on 30th November 2020.
The receivership was completed in May, with control of the company handed back to the liquidator.
Their final report reveals the company’s debt to the Bank of New Zealand was $5,124,195.17, with $4.81 million remaining…
“Holiday pay, notice period and contractors have not been paid … Over 160 workers have been thrown on the street,” the statement read.
SolarZero workers flocked to Auckland’s CBD this afternoon in protest after the company’s shock liquidation. Photo / Dean Purcell
“Eighteen months ago, as Prime Minister, Chris Hipkins welcomed BlackRock’s plans to develop a $2b climate infrastructure fund for New Zealand. At the time there were calls between the then Prime Minister and Larry Fink, the CEO of BlackRock.
“Chris, on behalf of SolarZero employees and all Kiwi workers, we ask that you contact Larry Fink and ask him to do the right thing. Use your relationship with Larry to get BlackRock to pay SolarZero workers what they are…
The Directorate of Enforcement (ED), Delhi Zonal Office, conducted extensive search operations on November 27, 2024, at 15 locations in Delhi and the National Capital Region (NCR) linked to the erstwhile Kwality Ltd and its former promoters and directors, Sanjay Dhingra and Siddhant Gupta. The searches also targeted shell companies associated with them.
New Delh-based Kwality Ltd went through corporate insolvency resolution process and was ordered to be liquidated in January 2021. Later it was acquired by Sarda Mines Pvt Ltd as going concern under the liquidation process.
The ED initiated investigations based on an FIR filed by the Central Bureau of Investigation (CBI), New Delhi, accusing the aforementioned individuals…
SINGAPORE — In what he described as the lowest point in his life, a cyber-security specialist stole a few thousand dollars from a savings account meant for his daughter so that he could keep gambling.
The 35-year-old, who gave only his surname as Sow, peeped to find out his wife’s password for the account under her name. “I stole the money to top up my betting account,” he said.
He had lost at least $500,000 from football matches since getting addicted to illegal gambling sites in his teens and ended up owing both legal and illegal moneylenders.
Still, the father of three young children continued. “I was betting every day — in the toilet, at work and on the bus or train.”
A National Council on Problem Gambling survey of more…
Te Arawa Management Ltd is a subsidiary of the Rotorua-based Te Arawa Lakes Trust.
Joint liquidators Thomas Rodewald and Paul Manning from BDO Tauranga released their first report on Thursday, which detailed the next steps of the process.
The liquidators will trade the business in the short term while they advertise it for sale, and will arrange asset and stock valuation.
“The company was purchased out of receivership and the shareholders have been putting funds into the business since.
Administrators are urgently searching for a buyer for S&W Seeds Australia. Photo: S&W Seeds Australia
ADMINISTRATORS are calling for expressions of interest for the sale or recapitalisation of S&W Seeds Australia after the business entered into voluntary administration late last month.
The seed company reportedly owes almost $61 million, including $50M to secured corporate debt financing companies, primarily National Australia Bank, $9.8M to trade creditors and $1.15M of employee leave entitlements.
As of August 7, S&W Seeds has continued to trade with all 56 employees retained.
A subsidiary of United States-based S&W Seeds, S&W Seeds Australia purchases seeds from a network of over 100 Australian growers then,…
Peacock, A. et al. Global statistics on alcohol, tobacco and illicit drug use: 2017 status report. Addiction113, 1905–1926. https://doi.org/10.1111/add.14234 (2018).
Johnson, B. A. Update on neuropharmacological treatments for alcoholism: Scientific basis and clinical findings. Biochem. Pharmacol.75, 34–56. https://doi.org/10.1016/j.bcp.2007.08.005 (2008).
The federal court approved an extension of Regional Express (Rex) Airline’s voluntary administration by Ernst & Young (EY) Australia on Thursday 21 November.
Rex Airlines entered into voluntary administration on 31 July and ceased service between major cities, costing 600 people their jobs and putting regional air service at risk.
The airline found itself in financial difficulty after purchasing a fleet of nine Boeing 737-800s and 57 Saab 340s to compete with Qantas and Virgin Australia, however, that strategy was not as profitable as expected.
Services to regional cities has remained in place to date, but there are growing fears around the implications for travelers if the airline bows out permanently.
Troubles have been brewing at KTM for most of 2024, with the company’s financial problems well documented. The Austrian company has laid off a number of staff throughout the year, including many key executives, and only a few weeks ago set off alarm bells in the Swiss stock exchange when it forecast a loss for the year. That caused share prices to plummet to below eight Euros, when they had been at 60 a year earlier. Debt has been reported at 1.5 billion, up from 300 million Euros two years ago.
Now joint Chief Executives Stefan Pierer (pictured above right) and Gottfried Neumeister (left) have placed the company into self-administration, giving them breathing space to try to put a strategy together and avoid the company…
