Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Curaçao-licensed crypto gambling operator BC Game has rejected a November court ruling that declared it bankrupt and has assured its sponsorship partners Leicester City Football Club and esports teams Cloud9 and GuardiaN that it “has no issues with liquidity”.
The case against BC Game, heard by Curaçao’s Court of First Instance, relates to bankruptcy petitions filed against the operator. These were made by player advocacy network The Foundation for the Representation of Victims of Online Gaming (SBGOK) in October.
The non-profit seeks to advocate and represent the interests of players and victims of offshore online gambling. It has initiated a number of cases against Curaçao-licensed operators since its formation on…
A PENSIONER who went to war with his neighbour over where he left his bins has lost his wife to cancer and ended up bankrupt with a £1million bill.
Geoff Carter, 77, fell out with farmer neighbour Trevor Goldsworthy over rubbish left out for weekly bin collections opposite his drive which he says blocked access and attracted flies.
7
Geof Carter, 77, has lost his Cornish home after racking up a £1million legal bill going to war with his neighbour
7
Geoff Carter, pictured above, has since lost his wife to cancer
Six years on from the initial dispute he has been cleared out of all his savings and assets and his wife Corinne, 69, tragically lost her battle with cancer three months ago leaving him a penniless widower.
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…
“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…
