THE downward spiral of young entrepreneur Daniel Tzvetkoff continues after his company DSB Cruises went into receivership.
Receivers Ian Hall and Guy Edwards from PricewaterhouseCoopers (PWC) were appointed on June 9 to find an agent for DSB’s super yacht.
“The role of the receivers and managers is to take possession and secure a 98ft Horizon Superyacht with the intention of appointing an agent in due course to market and sell the vessel,” says a PWC spokesperson.
This comes in the midst of a $US43 million court case with Aruban-based Kolyma Corporation, which is suing Tzvetkoff’s e-billing company Intabill over unpaid debts to the major client.
It is alleged the Brisbane-based company’s interest owed to Kolyma – which operates Full Tilt Poker – has been racking up at an increasing rate of more than US$13.5 million a day.
Tzvetkoff recently retrenched more than half of the staff employed at Intabill.
More debt for Intabill boss
13 July 2009
Latest News
Olam Agri makes decisive play for Namoi Cotton to outbid Louis Dreyfus by $21m
The bidding war for Australia’s largest cotton ginner Namoi C...
Gold Coast booking software group Newbook changes hands again
Gold Coast-headquartered property booking software company Newbook ...
Bonza’s fate still up in the air but administrators reveal passenger refunds off the table
As discussions continue with the financial backers of embattled bud...
‘Huge day for us’: Asahi Beverages buys Adelaide’s Never Never Distilling Co
Adelaide-based Never Never Distilling Co, an award-winning gin prod...
Kokoda Property secures Kimpton Hotel for $1.5b Skyring Terrace project in Brisbane
Melbourne’s Kokoda Property, gearing up to start construction...
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
EtoroAdvertisement