The Seychelles is building two gigantic marine conservation areas to help save turtles, dolphins, and other sea animals. It has done so in exchange for a large chunk of its national debt being paid off. The deal is the first debt swap agreement of its kind. The Seychelles is stepping up its efforts to protect…
Overview In May 2016 the UK government published its Review of the Corporate Insolvency Framework – A Consultation on options for reform. Brexit may have taken over the economic and political landscape, but in the meantime other nations are reforming their insolvency laws. This article asks the question if the UK does not, does it…
* CBL insurance is largest division of CBL Corp * Central banks in NZ, Ireland probing CBLs French unit * CBL shares in trading halt since Feb. 5 (Adds CBL statement) SYDNEY, Feb 23 (Reuters) – New Zealands High Court placed insurance firm CBL Insurance Ltd, the main subsidiary of CBL Corporation Ltd, in interim…
Veritas Technologies has hired a corporate restructuring specialist in the face of business difficulties. El Reg was told by Veritas insiders that CEO Greg Hughes has engaged Alix Partners to look at the company structure. He discussed cost pressures, initiatives and possible actions being considered at a 15 February all-hands meeting that was beamed direct…
Image copyright South Beds News Agency Image caption Bedfordshire Police detective Gareth Suffling was jailed for three years for blackmailing a prostitute’s customer The Police Federation has seen an increase in officers seeking help with debt after a documentary showed a detective being arrested for blackmail. Bedfordshire officer Gareth Suffling, 36, was jailed for three…
AC Milan owner Li Yonghong has dismissed reports that he has been declared bankrupt in China as “fake news”. Chinese businessman Li – who purchased the Italian club for $911 million in April 2017 – was responding to reports that he has been ordered to auction off his assets to repay loans from two banks.…
Image copyright Reuters Image caption Wu Xiaohui was considered one of China’s most politically connected men Beijing has cracked down on insurance and financial giant Anbang, taking control of the conglomerate and prosecuting the firm’s head. Wu Xiaohui, who was already detained by authorities last June, is to face prosecution for “economic crimes”. In an…
Do you have outstanding medical debt and need some help figuring out what to do? Our NBC 5 Responds team has culled together the following list of resources that may be able to help. Additionally, NBC 5 will be hosting two phone banks Friday where people with outstanding medical debt can call for assistance about…