A bankrupt oil tycoon once worth 125million charmed a struggling business by posing as an invest…
Read the full article at: https://www.dailymail.co.uk/news/article-9430185/Bankrupt-oil-tycoon-worth-125m-caught-squatting-office-tribunal-hears.html
A cutlass attack earlier today has landed a Micoud resident in a critical but stable condition at hospital.
According to reports, the incident involved two cousins over a gambling debt.
Officers attached to the Micoud Fire Station responded to the incident at Ti Rocher, Micoud at about midday Thursday.
Upon arrival, one man was found with lacerations to the left side of his neck.
Sources close to the victim told Loop News surgery was performed on the victim but he remains unconscious, in a stable condition, and may require blood.
No further details at this time.
Read the full article at: https://www.loopslu.com/content/relative-chop-another-over-gambling-debt
The global pandemic has devastated companies large and small, particularly in sectors such as travel, hospitality, and entertainment, but also in the blue-chip domains of manufacturing, retail, and energy. For many businesses, a sharp decline in revenue led to a liquidity crunch severe enough to threaten debt service and raise the specter of bankruptcy.
Some of the earliest emergency measures adopted by many governments in 2020 were designed to stave off a tsunami of insolvencies. While interim lending, tax breaks, and similar steps will be enough to bridge the gap for some businesses, corporate insolvencies are expected to rise significantly around the world this year. In the U.S., for example, bankruptcies are projected to increase 57…
Read the full article at: https://news.bloomberglaw.com/daily-labor-report/pandemic-related-insolvencies-reveal-international-arbitration-issues
FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today.
COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure on debt service in 2019 than they did on education, health and social protection combined. Global efforts are needed to protect social spending, and with it the right of every child to social security, education and health services, says the report.
Children living in countries with high debt burdens and limited resources for social protection, education and health are unlikely to ever break …
Read the full article at: https://www.unicef.org/press-releases/pre-pandemic-data-show-1-8-countries-spends-more-debt-education-health-and-social
By Robbie Meredith
BBC News NI Education Correspondent
A Londonderry grammar school has asked former pupils to help pay an outstanding debt of 821,000 to the Department of Education (DE).
A letter, which has been seen by BBC News NI, was sent to former pupils of Foyle College last month.
The school – which has 850 pupils – moved to a new state of the art campus in the city’s Waterside in 2018.
The letter said that the school “owes DE 821,000 in relation to our share of the cost of the new school”.
It said that DE had offered to defer repayment of the money, but that could involve terms and conditions that would threate…
Read the full article at: https://www.bbc.com/news/uk-northern-ireland-56536162
A Singaporean high rolling gambler who has been sued by a Queensland casino after his $43 million cheque allegedly bounced has failed in his bid to have the case thrown out of court or put on hold.
Singaporean gambling baron Yew Choy Wong, 57, applied to Brisbane Supreme Court last year to have a lawsuit filed against him by The Star Gold Coast in Broadbeach Island dismissed on the grounds that it had low prospects of success to warrant him defending the claim.
But Justice Thomas Bradley yesterday ruled that Star’s prospects of success in its claim that Dr Wong owed the casino $43,209,853 because he is in breach of the cheque cashing facility agreement were “not fanciful”.
“On the contrary, Star appears to have a good arguable case w…
Read the full article at: https://www.qt.com.au/news/the-high-roller-the-coast-casino-and-the-43m-bounc/4229609/
The Star casino is chasing Asian billionaire gambling whale who left Australia after blowing $40MILLION in just three days on the Gold Coast – and STILL hasn’t paid up
- An Asian billionaire is being sued by Star Gold Coast after failing to pay his debts
- Well-known gambler opened $40million account and lost it all playing baccarat
- The casino tried to cash a blank cheque provided by Dr Wong, but it bounced
Wong Yew Choy is being sued by Star Gold Coast in Queensland
The Star Casino has escalated its bid to sue a Singaporean billionaire who fled Australia after racking …
Read the full article at: https://www.dailymail.co.uk/news/article-9425517/The-Star-chasing-Asian-billionaire-left-Australia-blowing-43MILLION-Gold-Coast.html
The Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up a $43 million gambling debt at its Gold Coast casino.
VIP high roller Dr Wong Yew Choy allegedly dishonoured a blank cheque after a five-day losing streak playing baccarat at The Star Gold Coast.
After losing an international bid to pursue Dr Wong over the debt in Singapore, Star Casino has been granted leave to pursue the billionaire in the Queensland Supreme Court.
The well-known Asian gambler had been lured to the Gold Coast casino as part of a marketing junket in July 2018
The gambling mogul opened his account with a $40 million cheque to buy gaming chips before hitting the baccarat table.
Within three days, the billionaire lost the entire $…
Read the full article at: https://au.news.yahoo.com/star-doubles-down-asian-vips-073552088.html
The investigation and resolution of corporate disputes as well as the detection of fraud is the job of a few designated agencies in India. One year after the pandemic arrived and caused unprecedented economic havoc, there is widespread belief that corporate insolvency cases as well as instances of large economic frauds may have multiplied. But the designated agencies tasked with tackling insolvency and frauds the National Company Law Tribunal (NCLT) and …
Read the full article at: https://thefederal.com/analysis/corporate-bankruptcy-insolvency-cases-may-swell-is-centre-ready-to-tackle-them/