The Obama Administration is on the verge of issuing a proposed rule that would create new procedures and standards for cancelling the federal student loan debt of people who were defrauded by their colleges. The rule would also create new standards for the Department of Education to require colleges to post escalating letters of credit based…
A number of lawyers have called for reform to the insolvency regime in Australia, but the most desirable model has divided opinion. The Australian insolvency regime has come under close government scrutiny in recent years, with the Productivity Commission delivering its Business Set, Transfer and Closure report in December 2015 and then the commonwealth government…
June 8, 2016: VA Tech Wabag Ltd has informed BSE that consequent upon liquidation of its wholly owned subsidiary, Beijing VA Tech Wabag Water Treatment Technology Co. Ltd, China, VA TECH WABAG (HONG KONG) LIMITED, Hong Kong, a subsidiary of VA Tech Wabag (Singapore) Pte Ltd., is liquidated. Hence, VA TECH WABAG (HONG KONG) LIMITED,…
Former CEO Darren Topp tells MPs that Dominic Chappell twice threatened to kill him He says he feared for his life after challenging Chappell over missing £1.5m Chappell ‘duped’ BHS by funneling £7m from office sales to his private firm He bought BHS for £1 from Sir Philip Green but retailer collapsed last week But…
MOSCOW Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin, a long-standing ally of Russian President Vladimir Putin, Rosneft said its investment in the quarter would help generate future production and profit. Core earnings –…
Stripper and one-time prostitute Lisa Lewis’ boxing promotion company has failed after just getting off the ground. Grant Wills of Insolvency Services NZ confirmed he is putting Rampage Promotions Ltd into liquidation as the company owes 22 creditors between $45,000 and $48,000. Some of those out of pocket from her April event include New Zealand…
Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin, a long-standing ally of Russian President Vladimir Putin, Rosneft said its investment in the quarter would help generate future production and profit. Core earnings – before…
The Reserve Bank of India (RBI) governor, Raghuram Rajans disagreement in government banks taking majority stakes in the proposed stressed-assets funds is justified. Rajan is right because if a bank controls the stressed-asset fund, it would amount to receivables from the sale being transferred from the bank to the fund. What is more important to…
By Reuters Published: 19:48 EST, 8 June 2016 | Updated: 19:48 EST, 8 June 2016 By Vladimir Soldatkin and Olesya Astakhova MOSCOW, June 8 (Reuters) – Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin,…
IAIN MCGREGOR/FAIRFAX NZ Almost 400 companies and contractors are owed nearly $20 million by Brent Mettrick’s failed Stonewood companies, a liquidator’s first report shows. Almost 400 companies and contractors are owed nearly $20 million by the failed Stonewood Homes companies. The extent of the fallout created by the liquidation of Brent Mettrick’s founding franchise has been revealed in the…