The scion of one of Australia’s largest real estate groups has faced allegations his private credit lending firm induced a property developer into a loan, which made a development insolvent as soon as it was signed.

Dan White, founder and executive chair of Ray White Capital, took the stand in the Federal Court on Friday to face those allegations. It was alleged that the developer Frank Guo was advanced funds from the loan facility to pay off shareholder loans, including to himself, friends and family, and split some associated fees with Ray White Capital.

Loading…

The state-owned National Oil Corporation of Kenya entered its March “rescue” deal with French energy firm RUBiS Energy already in a condition that the Auditor General regarded as terminal.

• By the end of the 2023/24 financial year, National Oil was in technical insolvency, as liabilities were KSh 11.6 billion higher than its assets.
• The company’s accumulated losses had swelled up to KSh 8.3 billion and had defaulted on a KSh 6.54 billion loan, which carried an additional KSh 2.43 billion in penalty interest.
• National Oil had reported a KSh 2.23 billion loss before tax for the year, missed its revenue target by more than KSh 90 billion, and failed to maintain strategic fuel reserves.

In March this year, a Cabinet-approved plan saw the…

In the face of broader real estate sector headwinds—ranging from high interest rates to shifting consumer behavior—Citycon Oyj (FRA:TY2B) has emerged as a standout performer in Q2 2025. The Nordic real estate developer’s disciplined approach to debt management, coupled with resilient operational metrics, positions it as a compelling long-term investment for income-focused investors. By analyzing its strategic deleveraging, occupancy trends, and undervalued equity, this article argues that Citycon’s Q2 2025 results underscore its potential to deliver sustainable returns in a challenging market.

Disciplined Deleveraging: A Cornerstone of Financial Resilience

Citycon’s Q2 2025 half-yearly report revealed a laser-focused effort to…

Dealing a fresh blow to JSW Steel in the Bhushan Power and Steel (BPSL) insolvency case before the Supreme Court (SC), the banks are now demanding that BPSL’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) should flow to creditors during the insolvency process.

On July 31, India’s apex court allowed review petitions filed by JSW Steel and lenders in the insolvency case, observing that its earlier judgment needed reconsideration. The top court said liquidation should be a last resort, noting the company now employs 25,000 workers and has seen significant capital infusion and production ramp-up since JSW’s takeover.

Till May, the banks had submitted before the SC that they were open to the EBITDA of BPSL…

Whether it’s a video of a cocky professional poker player getting rolled after going all-in, or a humble punter down at the pub who’s just made his year’s rent in a lucky hit on Where’s The Gold, clips promoting big money wins are pretty enticing.

But some others are pretty grim.

One video shows a man nonchalantly punching the “confirm” button for a $50,000 deposit on the pokies. Another charming example shows a group of young blokes performing a … “sex act” on a machine in an attempt to “convince” it to play nice and pay up.

The clips appear to everywhere, depending on your algorithm of…

In just under a month after a request from TAP SA to an insolvency court to declare Siavilo (formerly TAP SGPS) bankrupt, a judge has accepted the request and declared the shell company insolvent.

The insolvency request was delivered at the Lisbon Commercial Court on July 10 with TAP asking for the case to be dealt with urgently.

TAP SA is the main creditor of Siavilo that had no assets and was effectively a shell company. It had had no management since all of the administrators resigned em masse at the end of March and start of June.

In a reply to a question from an MP, the Minister of Infrastructures, Miguel Pinto Luz admitted that TAP SA was the largest creditor of Siavilo owing over €1Bn.

“Even the creditor that holds the…

International legal practice Osborne Clarke has recently advised on the compulsory liquidation of NRS Healthcare, a prominent national supplier of equipment crucial for patient care. The company, headquartered in Leicestershire, has been instrumental in providing essential tools such as wheelchairs, hoists, specialist beds, and fall-monitoring pendants to approximately 40 local authorities across England. These arrangements support patients who are discharged from hospitals and those requiring ongoing medical and social care at home.

Despite the liquidation, special managers from PwC have been appointed to oversee operations, allowing NRS to continue trading during this challenging period. The decision for liquidation was made after…

The consortium emerged as the highest bidder in an open bidding process held in October 2023, offering Rs. 185 crore against Lokshakti Sugar’s admitted financial debt of Rs. 209.26 crore. The Committee of Creditors (CoC), comprising secured lenders, unanimously approved the plan with 100% voting …

Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure on Thursday on the career network LinkedIn.

After joining, the company was restructured in record time. The team was rebuilt and the brand redefined. Shortly after, “the global fashion industry was hit by one of the most severe crises in its history,” said the brand’s chief executive officer. “Despite great efforts, bold decisions and an excellent team, we ultimately could not withstand the market forces.”

Krøyer thanked all…

Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure on Thursday on the career network LinkedIn.

After joining, the company was restructured in record time. The team was rebuilt and the brand redefined. Shortly after, “the global fashion industry was hit by one of the most severe crises in its history,” said the brand’s chief executive officer. “Despite great efforts, bold decisions and an excellent team, we ultimately could not withstand the market forces.”

Krøyer thanked all…

Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure on Thursday on the career network LinkedIn.

After joining, the company was restructured in record time. The team was rebuilt and the brand redefined. Shortly after, “the global fashion industry was hit by one of the most severe crises in its history,” said the brand’s chief executive officer. “Despite great efforts, bold decisions and an excellent team, we ultimately could not withstand the market forces.”

Krøyer thanked all…