siampolee
Detective
Alive alive O
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Post by siampolee on Mar 3, 2024 9:45:56 GMT 7
In 1409, four Christian clerics in Augsburg, Bavaria, were found guilty of pederasty, or sexual conduct with young boys. Pederasty was not only considered immoral but also illegal. The church in Augsburg locked the guilty men into wooden coffins, suspended them with ropes from high inside a tower, and left them to starve. They were then buried under the gallows.  |
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Mar 3, 2024 13:47:47 GMT 7
In 1409, four Christian clerics in Augsburg, Bavaria, were found guilty of pederasty, or sexual conduct with young boys. Pederasty was not only considered immoral but also illegal. The church in Augsburg locked the guilty men into wooden coffins, suspended them with ropes from high inside a tower, and left them to starve. They were then buried under the gallows. Nice. I know some people I'd like to try that out on, does anyone know a wooden box maker and anyone with a tower for rent? |
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rott
Crazy Mango Extraordinaire
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Post by rott on Mar 4, 2024 10:52:18 GMT 7
While you're here Mike and possibly with some time on your hands, a small query you probably know the answer to.
I see there is a liquidation petition against Country Garden and one on the way against Shimao Group. I presume this to be the equivalent of a winding-up order in the UK.
My query is, how does this benefit the petitioner.? Does it make them a preferential creditor.? If not does it benefit them in any way over the other creditors.?
Just something I was wondering about.
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Mar 4, 2024 13:50:09 GMT 7
In 1409, four Christian clerics in Augsburg, Bavaria, were found guilty of pederasty, or sexual conduct with young boys. Pederasty was not only considered immoral but also illegal. The church in Augsburg locked the guilty men into wooden coffins, suspended them with ropes from high inside a tower, and left them to starve. They were then buried under the gallows. Nice. I know some people I'd like to try that out on, does anyone know a wooden box maker and anyone with a tower for rent? A wooden box? What's wrong with a common wheelie bin? Asking for a friend.  |
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Mar 5, 2024 6:24:38 GMT 7
While you're here Mike and possibly with some time on your hands, a small query you probably know the answer to. I see there is a liquidation petition against Country Garden and one on the way against Shimao Group. I presume this to be the equivalent of a winding-up order in the UK. My query is, how does this benefit the petitioner.? Does it make them a preferential creditor.? If not does it benefit them in any way over the other creditors.? Just something I was wondering about. A winding up order, if approved by the courts, means the company doesn't have enough money to pay its debts, they are inexpensive to file and are often used as leverage to force companies to pay debts. I took one out against a large German multinational in the UK in 1992. They owed me professional fees of around GBP 20k which they had put at the bottom of their priority list because they were trying to improve cash flow. It was a common practise, delay payment to the small fish because they have little come back. It was my accountants idea and it worked, they couriered my payment to me, the day before the order was to be heard in court. I'm sure that had it gone to court, the order would have been delayed because they are an extremely large conglomerate, the problem is, the filing would appear on their accounts which is a black mark for credit purposes. So, the winding up order you mention, may be a ruse to make the parent company pay, if it isn't, their assets will be liquidated, which brings us to the issue of debt. As you are aware, company debt comes in many forms and is prioritised, the safest is secured against an asset such as real estate or equipment etc, the least secure is ordinary shares and bonds. In between is a whole raft of different types of debt, I can't say more without knowing what type you hold. If however the debt is everyday consumer investment type debt, there is unlikely to be any preferential treatment. Lastly there is the issue of enforceability, winding up orders need enforcement when they are located in countries such as China. If the order is not enforceable or there is no willingness to enforce it, the order has no teeth. |
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rott
Crazy Mango Extraordinaire
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Post by rott on Mar 5, 2024 10:48:22 GMT 7
Thanks for that cm, I see you've been busy over the road. I can only remember one winding up order from the UK, a supplier stuck it on another printer. I never heard any more about it, so it is likely they settled. Long time ago now, but the subject of insolvency had a fascination for me for a long time. An insolvency practitioner's life don't seem to bad to me.
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Mar 5, 2024 11:45:31 GMT 7
I didn't get the holiday perks I wanted, instead I've been given a monthly allowance, which is equally as appealing. Now, I'm allowed to shoot up to three posters a month and maim or cripple a further five, which I think is pretty good, all things considered.
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