PARIS (Reuters) Frances highest administrative court on Friday cancelled an extradition order to send jailed Kazakh tycoon Mukhtar Ablyazov to Russia on the grounds that the request was made for political reasons. Ablyazov, who was arrested in France in 2013, is accused of embezzling up to $6 billion (£4.7 billion) from his former bank BTA.…
London Welsh are to fold but hope to reform in the new year. Chairman Gareth Hawkins admitted the 131-year-old club’s current business model is “totally unsustainable” and said they had no alternative but to seek voluntary liquidation. The intention is for London Welsh to reform in 2017 as a semi-professional outfit and raise £300,000 to…
By Press Association Published: 03:12 +11:00, 10 December 2016 | Updated: 03:12 +11:00, 10 December 2016 e-mail London Welsh are set to discover on Monday whether they will be able to fulfil their fixtures for the season. Chairman Gareth Hawkins admitted on Wednesday that the 131-year-old club’s current business model is ”totally unsustainable” and said…
The earliest image of one of the most romantic lost buildings of England, a fairytale castle bristling with towers and spires built by Henry VIII, then demolished after 130 years to settle the gambling debts of a royal mistress, has been acquired by the V&A museum for £1m. The palace in the watercolour, painted by…
London Welsh face a High Court appearance on Monday London Welsh are set to discover on Monday whether they will be able to fulfil their fixtures for the season. Chairman Gareth Hawkins admitted on Wednesday that the 131-year-old club’s current business model is ”totally unsustainable” and said they had no alternative but to seek voluntary…
London Welsh are fifth in the Championship table after 11 games Championship club London Welsh are set to go into liquidation because of an unsustainable financial situation. They were issued with a second winding-up petition by HM Revenue & Customs in October and they did not receive proposed investment. London Welsh now hope to reform…
KUALA LUMPUR (Dec 9): Perisai Petroleum Teknologi Bhd, which declared it was insolvent in October after failing to meet bond obligations, is in dispute with its shareholder Emas Offshore Ltd (EOL) over the disposal of a 51% stake in SJR Marine (L) Ltd to EOL. Through several bourse filings today, Perisai said it has the…
Zurich-based ATC communications business Schmid Telecom AG has been declared bankrupt after the administrator appointed as part of ongoing insolvency proceedings suspected its owner Peter Schmid of siphoning off money meant for the ailing business creditors. In a judgement dated 27 September issued by the Zurich District Court, administrator Rolf Schuler detailed a catalogue of…
Michael Bruno, Washington Triumph Group continues to sell business units as it tries to turn-around its finances, this time with a deal to sell three MRO units to The Gores Group. Triumph said Dec. 7 it is selling Triumph Air Repair, the Auxiliary Power Unit (APU) Overhaul Operations of Triumph Aviation Services Asia, and Triumph…
Harry Wilson, City Editor The Financial Conduct Authority has fired a shot across the bows of debt management firms that it considers are not doing enough to help customersChris Helgren/Reuters The City regulator has warned debt management firms that they are not doing enough to help customers struggling under the weight of borrowing. In a…