Over the weekend, it was reported by Xinhua news that 94 individuals were arrested by police in China. Those arrested were thought to be involved in a cross-border gambling ring worth $72 billion. The activities of the gambling ring reportedly moved throughout Southeast Asia with over 400 gamblers having been brought to Myanmar and Laos…
By Associated Press Published: 01:35 +11:00, 29 November 2016 | Updated: 01:35 +11:00, 29 November 2016 e-mail ATHENS, Greece (AP) A top European finance official on Monday urged Greece’s bailout lenders to grant the country relief on its massive debts if Athens agrees to impose tougher budget austerity measures. European Central Bank executive Benoit Coeure…
Photo booth provider Zeven Media, which secured a £50,000 from Deborah Meaden on Dragons Den, has gone into voluntary liquidation. Alan Coleman, of Manchester accountancy firm Royce Peeling Green, has been appointed to wind up the Manchester-based company. Founded by brothers Josh and Hyrum Cook in March 2013, Zeven employed six people at its offices…
Nov 28 Moscow Exchange: * Says trading in Russian Navigation Technologies shares is suspended as of Dec. 1 due to the fact that Russian Navigation Technologies has been declared insolvent * Announces delisting of Russian Navigation Technologies shares as of Dec. 9 Source text – bit.ly/2fEoN8N Further company coverage: (Gdynia Newsroom) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also…
Ex-Liverpool and Ireland defender Steve Staunton has been declared bankrupt. A series of documents filed with courts in Britain have revealed that the 47-year-old was declared bankrupt in April this year, with the period of bankruptcy to last until April 15, 2017, report the Coventry Telegraph . Staunton earned more than 100 caps for Ireland…
LONDON–(BUSINESS WIRE)–Tuesday 29th November 2016 marks the 10-year anniversary of Allen Carrs death. Its thought that the many years Allen spent curing smokers in smoke-filled seminars at his stop smoking centres contributed to the illness that eventually killed him. That said, he was absolutely convinced that he would have died 20 years earlier if he…
The Australian retail stockists of Endless Jewelry have been advised it will be business as usual despite the company filing for bankruptcy in Germany. German Insolvency Register records indicated that Endless International GmbH, which is headquartered and registered in Germany, initiated insolvency proceedings on 18 November. A statement issued by Endless International GmbH confirmed…
Gershon Mesika, the state witness in a corruption affair involving former senior Yisrael Beytenu officials, has told police investigators that former deputy minister Faina Kirschenbaum had asked him for a NIS 1.5 million commission in return for NIS 3.5 million to pay off his debts. “This is a sensitive topic.…
* Officials “desperate” to swap floating-rate debt for fixed * Without swap, Greece faces Sisyphean task, govt source says * Banks asked for quotes on the cost of swap as talks intensify * Greek debt relief expected to dominate Dec. 5 Eurogroup meet * IMF recommends swap but acknowledges political challenges By George Georgiopoulos and…
This was on the side-lines of the insolvency week celebrations held in Kampala. In October last year, Uchumi supermarket folded Official receivers from the five East African states have called for harmonization of the insolvency laws in the region, to enable cross boarder insolvency practice, and alleviate suppliers from losses, whenever a regional company folds.…