The Labor Party has promised to “name and shame” dodgy company directors that engage in illegal phoenixing activities if it wins the federal election next year. Under the proposed new policies, Labor would give the Commissioner of Taxation the power to name individuals and entities as a penalty to deter directors from committing serious tax…
Home interior and decor chains Bowring and Bombay have declared insolvency. According to documents, Bowring Canada and Bombay & Co., Inc., along with parent company Fluid Brands Inc., have obtained protection from creditors under the Bankruptcy and Insolvency Act. Home interior and decor chains Bombay and Bowring have declared insolvency.(JEFFERY WASHINGTON / AP FILE PHOTO)…
LONDON (Reuters) – Stewart Ford, the former CEO of now-defunct death bond company Keydata, has lost a protracted battle against Britains financial regulator over a record 76 million pound fine and a ban from regulated financial services. The Financial Conduct Authority said on Tuesday that Londons Upper Tribunal, which hears challenges against its decisions, had…
Dear Sir / Madam, We would like to inform you that 07th meeting of Committee of Creditors of Sterling Biotech Limited was held on Tuesday, 06th November 2018 at 11.00 A.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…
There have been bankruptcies declared by a total of 114 people in Galway since the beginning of 2014, according to new figures from the Insolvency Service of Ireland. The figures show that between January 2014 and the end of September 2018, there were a total of 114 bankruptcies here. And a further 192 people came…
Pastor Otabil was the Board Chairman of the defunct bank, while the ICGC was named as a shareholder of the bank in the suit. The suit was filed at the Commercial Division of the Accra High Court by the receivers of the defunct bank, Mr Vish Ashiagbor and Mr Eric Nipah, both of PricewaterhouseCoopers (PwC).…
Pastor Otabil was the Board Chairman of the defunct bank, while the ICGC was named as a shareholder of the bank in the suit. The suit was filed at the Commercial Division of the Accra High Court by the receivers of the defunct bank, Mr Vish Ashiagbor and Mr Eric Nipah, both of PricewaterhouseCoopers (PwC).…
IMAGE/ COURTESY The government is set to sell its stake in 26 companies to private investors in a bid to fund the budget deficit, and repay debt. Among those to be sold include36 companies owned by the government were declared insolvent by the 2015-16 government audit report. The companies according to the audit report required…
NEW YORK–(BUSINESS WIRE)–Aegean Marine Petroleum Network Inc. (NYSE:ANW) (Aegean or the Company) announced today that the Company and certain of its subsidiaries (the debtors) filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. The debtors enter this process with the…