High Court declines Personal Insolvency Arrangement for car sales executive – Longford Leader

The High Court has declined to approve a Personal Insolvency Arrangement (PIA) that would have allowed a car sales executive to write off approximately190,000 in debt mainly owed to financial institutions. The PIA was sought in respect of Keith Cremin of Subulter, Cecilstown, Mallow, in County Cork. He owed money to Pepper Finance Corporation DAC,…

Altaba Expected to Make Another Big Shareholder Payout Under Its Liquidation Plan – Barron’s

Text size Whats left of Yahoo! after a sale of its online businesses to Verizon Communications is a company called Altaba. David Paul Morris/Getty Images Altaba has made two significant distributions to its shareholders under its liquidation plan. Now, the company, formerly Yahoo!, is expected to ask a Delaware court for authority to make another…

Under Armour posts stronger than expected end of year results, despite pandemic – Baltimore Sun

Under Armour delivered a stronger-than-expected financial performance in the final months of 2020 as the atheltic apparel maker boosted online sales of apparel and footwear and reined in costs. The Baltimore-based sports brand improved despite challenges of the coronavirus pandemic and an ongoing business restructuring, the company said Wednesday. Advertisement Improving brand strength and consistent…

African Development Bank President says vaccines and debt relief will be key to Africa’s recovery from COVID-19 – Africanews English

The President of the African Development Bank (www.AfDB.org), Dr. Akinwumi A. Adesina, has called for fair access to COVID-19 vaccines for Africans and said debt relief would help African economies recover faster and better from the pandemic. Speaking on 8 February at a virtual event held in his honour as the outgoing African of the…

Nice Solar Energy files for insolvency under self-administration – pv magazine International

The CIGS thin-film specialist employs 160 people in Germany. Business operations will continue with no disruption for the time being. February 10, 2021 Ralph Diermann Nice Solar Energy shareholder Manz, supplies turnkey CIGS production lines. Image: Manz AG From pv magazine Germany Germany-based Nice Solar Energy has opened the proceedings for self-administered insolvency at the…