R&Q Investment Holdings will undergo a corporate restructuring to create a newly named division, Accredited, which will contain its US and European programme management business. Accredited aims to provide high quality and fully licensed capacity for managing general agents and other counterparties in the US and Europe. According to R&Q, Accrediteds new name…
New Government plans to introduce reforms to the UKs corporate insolvency regime have been broadly welcomed by a regional industry expert. Alexandra Withers, North East vice chair of insolvency and restructuring trade body R3, was speaking after the Department for Business, Energy and Industrial Strategy (BEIS) revealed the initial results of its wide-ranging consultation on…
But its been a tough road for the franchised salad business, which put two leasing entities for its store sites into voluntary administration in June last year as the company fought to renegotiate lease agreements with Westfield shopping centres. That process helped Sumo Salad negotiate with landlords, but one year later it called in the…
SINGAPORE – A new Bill that consolidates Singapore’s personal and corporate insolvency regimes and restructuring laws was introduced on Monday (Sept 10) to augment its position as a global financial centre. The Insolvency, Restructuring and Dissolution Bill, which was submitted by Marine Parade GRC MP and Senior Minister of State for Law and Health Edwin…
A German court in Munich has ruled that German gamblers using credit cards to make deposits with unlicensed online gambling operators are not obligated to pay back the balance of their debt to financial institutions in Germany as long as the institution is actually aware that the transaction itself was a deposit to an unlicensed…
A German courts ruling that a gambler could have his debts written off due to the operator not being licensed in the country could have global repercussions. Landesbank Berlin took legal action after the consumer refused to pay off a credit card debt through Visa accrued while playing on an unnamed online casino site. However,…
R&Q Investment Holdings will undergo a corporate restructuring to create a newly named division, Accredited, which will contain its US and European programme management business. Accredited aims to provide high quality and fully licensed capacity for managing general agents and other counterparties in the US and Europe. According to R&Q, Accrediteds new name…
Struggling department store chain Debenhams has called in advisers from accountancy firm KPMG to help it investigate a range of options for its future that are said to include a company voluntary arrangement (CVA). f it were to go down the route of a CVA, Debenhams would be declared insolvent but continue to trade to…
Over 200 industry leaders from prominent banks and corporates converged at the recently held inaugural edition of the Corporate Restructuring Summit in Dubai, UAE aiming to embracing new perspectives to tackle corporate credit challenges. Convened by Middle East Global Advisors, a leading financial intelligence platform spearheading the development of knowledge-based economies in the…
Vivid Lifestyle Ltd (Vivid) was incorporated in July 2013 and its registered office was in Hounslow, West London. The company started business in 2014, selling nutritional supplement tablets wholly to UK customers before broadening its operations to international markets. By 2017, the majority of its sales were to customers in Australia and New Zealand. Vivid…