As 2020 comes to a close, it is clear that the year will be marked by a series of somber statistics. More than 300,000 Americans have died due to Covid-19. There are still 10 million fewer U.S. jobs than before the coronavirus pandemic began And as college students across the country pivoted between on-campus and…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
The SsangYong Motor Company will continue to operate as normally around the world including in Australia after it has secured protection under South Koreas bankruptcy administration process. This comes after the South Korean arm of Indian industrial giant Mahindra and Mahindra (M&M) filed for bankruptcy on Monday December 22, following the failure to meet accumulating…
The United States on Monday reinstated Sudan’s sovereign immunity, as the U.S. Congress passed legislation formalizing the move, following the ending of Sudan’s designation as a state sponsor of terrorism. However, the legislation includes an exemption allowing lawsuits by the families of victims of the Sept. 11, 2001, attacks on the United States already underway…
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The government has again extended the suspension of fresh proceedings under the insolvency law by three more months amid the disruptions caused by the coronavirus pandemic. TopicsCentre|Insolvency and Bankruptcy Code The government has again extended the suspension of fresh proceedings under the insolvency law by three more months amid the disruptions caused by the coronavirus…
As we approach the end of the 2020 and enter the final week of eNewsletters,Ragtraderis reflecting on the biggest digital stories of the year. Each day this week we will count down the top 10 stories from the website this year. Kicking off our list is Number 10 –Colette in shock administration as another icon…
Belgian outlet chain Mega World is bankrupt: after the Court of Appeal decided on Monday morning that the retailer would not be protected against creditors, there was no other way out. 650 jobs will be lost. Over-indebted The shadowy story of outlet chain Mega World has come to an end, a story that began in…
Law360, London (December 22, 2020, 2:12 PM GMT) — The Pensions Regulator said workplace savings plans for failed high street giant Arcadia Group will soon be assessed by theU.K.’s lifeboat schemeto determine if they need support. The watchdog said Monday the Pension Protection Fund would begin the assessment as soon as it had carried out…
By Nafisa Eltahir, Humeyra Pamuk 4 Min Read CAIRO/WASHINGTON (Reuters) – The United States on Monday reinstated Sudans sovereign immunity, as the U.S. Congress passed legislation formalizing the move, following the ending of Sudans designation as a state sponsor of terrorism. However, the legislation includes an exemption allowing lawsuits by the families of victims of…