The ICR intends to consolidate into a single case the two criminal cases over swindling on an especially large scale with the ex-banker as a defendant. December 4, the Moscow City Court is to consider an appeal against the arrest in absentia of Anatoly Motylev, former owner of the bankrupt Blobex, Rossiysky Kredit, M-Bank,…
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge) announced today that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this, Woodbridge filed voluntary petitions under Chapter 11 of the…
A Toys “R” Us store is seen, in Hayes Thomson Reuters LONDON (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc of the United…
A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone operator failed to pay its dues. Fortuna Public Relations Pvt. placed its request with the Mumbai bench of National Company Law Tribunal on Monday, saying Reliance Communications owes it…
LONDON, Dec 4 (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc (IPO-TOYS.N) of the United States which filed for bankruptcy in September, said…
Reliance Group’s chairman Anil Ambani On November 24, China Development Bank (CDB) formally filed an insolvency petition against Reliance Communications at the National Company Law Tribunal in Mumbai. The company is believed to owe Rs130 billion ($2.01 billion) to Chinese lenders not just CDB (the lions share at Rs114.6 billion/$1.78 billion) but China Eximbank and…
HE HAS to stump up $1 million in the next week or face the threat of bankruptcy, but instead of being a grinch about his predicament, it seems Salim Mehajer would prefer to play Santa. Undeterred by staring down the financial strife and a string of court dates, the controversial property developer is planning a…