GLASGOW, Scotland, Jan. 3, 2018 /PRNewswire/ — The new debt respite bill which is due to be implemented by February 2018 strives to place a duty of care on lenders to grant respite for families with children and young people in debt. Kelly Tolhurst MP has proposed a bill in parliament that aims to give families and…
A major labour hire company in the black coal industry has warned it risks insolvency due to a ruling that has resulted in it owing hundreds of workers more than $3 million. One Key Resources group, which supplies workers to BHP Billiton and Glencore, has appealed the Federal Court’s decision that found its broad-coverage enterprise…
NOT A PENNY Six months on from the landmark ruling no cash has been paid into HMRC’s bank account THE public purse has still not received a penny of the £72 million owed to the taxman by the liquidated company which owned Rangers FC. Six months on from a landmark ruling, payments are being made…
Mumbai: Within few months of banks initiating insolvency proceedings against a dozen large corporates, insurers have put together a customised cover to protect the professionals appointed to run these defaulting firms. The cover is aimed at ensuring that the insolvency professional (IP), who takes on the role of the firm’s CEO at the behest of…
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. OvaScience (NASDAQ: OVAS) today provided a corporate update. The Company announced initial clinical data from its ongoing Phase 1 trial of OvaPrime in women with primary ovarian insufficiency (POI) and poor ovarian response (POR). In an interim…
Leading debt advice company welcomes the new Debt Respite Bill proposed by Kelly Tolhurst MP, and said it can’t be implemented quick enough. Scotland, United Kingdom – January 3, 2018 – (Newswire.com) The new debt respite bill which is due to be implemented by February 2018 strives to place a duty of care on lenders to…
new David Charter, Berlin A consumer group is seeking to recover 1 million from the budget airlineHAUTE-CHRISTIAN DITTRICH/DPA/AP The sale of budget airline Niki to IAG, owner of British Airways, could hit turbulence tomorrow when a Berlin court is set to decide whether to reverse its insolvency filing. IAG agreed last Friday to pay 20…
The Insolvency and Bankruptcy Code, 2016 has been in news since its inception due to the innovative and time-bound resolution framework. The Code intends to provide an efficient resolution to the menace of outstanding debts by the corporates and other persons due to the banks and other institutions. The intention is essentially to clean up…
Mediation not only democratises insolvency resolution processes, but creates an inclusive space that benefits all parties What would you do when opponents resolve their differences and settle disputes? You would pat them on their backs and wish them well. The Supreme Court exercised its special powers under Article 142 of the Constitution of India to…
Richmond could be one of the communities to benefit after more than a million dollars was created by the provincial government to tackle gambling addiction. The B.C. government announced two weeks ago that $1.2 million in funding would be immediately dedicated to new, front-line, out-of-casino services such as early intervention, counselling and harm reduction –…