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Daily Archives: January 19, 2019

The Current: Closure part of a national restructuring by Shopko – Yakima Herald-Republic

RestructuringBy Insolvency GuardianJanuary 19, 2019

YAKIMA, Wash. — The big buzz among Yakima Valley shoppers is Shopkos decision to close one of its Yakima-area stores. A liquidation sale for the store at 5801 Summitview Ave. started last week. The store is expected to close in early April. The company earlier said it had no information on whether the Shopko store…

Financial Steps People Need To Make This New Year Shared By National Debt Relief – Markets Insider

Debt HelpBy Insolvency GuardianJanuary 19, 2019

LOS ANGELES-LONG BEACH, Calif., Jan. 19, 2019 /PRNewswire-PRWeb/ — There are a number of financial steps people can make at the start of the year and National Debt Relief shares some of them. The article titled “6 Smart Financial Steps You Absolutely Need to Take This Year” released January 7, 2019, gives consumers some insights…

No need to hear third party during insolvency admission: NCLAT tells NCLT – Business Standard

BankruptcyBy Insolvency GuardianJanuary 19, 2019

The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party other than the applicant who has taken a company to the NCLT and the company which is the corporate debtor itself. We may observe that except the applicant (financial…

QBE Moving Ahead With Its Restructuring Plans After Getting UK High Courts Approval – Kalkine Media

RestructuringBy Insolvency GuardianJanuary 19, 2019

With the deadline of Brexit coming closer, QBE Insurance Group Limited (ASX: QBE) is looking well prepared to handle it with the recently received approval from UKs High Court for its post-Brexit restructuring plans in the UK. With the Courts approval, the company has completed its Part VII Transfer under which the QBE groups European…

Wynn Macau Wins Gambling Debt Lawsuit against Malaysian Gambler – Casino News Daily

GamblingBy Insolvency GuardianJanuary 19, 2019

In an unprecedented move, Malaysian court allowed Wynn Macau to collect its dues from a gambler A Malaysian court sided on Friday with Wynn Macau in a multi-million-dollar lawsuit against a fund manager who had gambled at the Macau-based casino and had owed it millions of dollars, Reuters reported citing Wynns lawyer. In an unprecedented…

Tanahu Hydro asks firms to start work – The Kathmandu Post

BankruptcyBy Insolvency GuardianJanuary 19, 2019

Jan 19, 2019- Tanahu Hydropower Limited has given a contract commencement date to the two companies hired for the execution of the 140MW Tanahu Hydropower Project. The project developer, a subsidiary of the state-owned Nepal Electricity Authority, on Wednesday directed CMC Ravenna of Italy and Sinohydro Corporation of China to mobilise workers for the project…

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