COLUMN | Bourbon bites the bankruptcy bullet [Offshore Accounts]

Nobody likes to receive unexpected bills. Imagine the shock of Bourbon Corporation’s CEO, Chairman, Founder, and de facto controlling shareholder, Jacques de Chateauvieux, when he opened his mail last month and received a pile of letters of demand from the Chinese finance company ICBC Leasing. Mr de Chateauvieux was on the record that his company had been engaged in “amicable negotiations” to reschedule his company’s debts to ICBC in light of the offshore industry crisis. Now the pile of payment claims on his desk showed that the situation was clearly no longer “amicable.”

COLUMN | MMA Offshore: iCall offshore BS! [Offshore Accounts]

What to do when your core business is floundering, when your terrible results for the July to December 2017 period were surpassed only by your truly dreadful results for the same period in July to December 2018, and when, despite a million Aussie dollar package for your managing director, his cost cutting drive has resulted in an actual increase in administrative costs?

Subscribe to this RSS feed

Sign up to the FREE Ausmarine newsletter