Catalonia’s justice system has declared that the former director-general of Agrofruit, Xavier Guarner, is the main culprit of the company’s bankruptcy. The court’s ruling came after an investigation into the business management of Agrofruit, the company that once led the market for the export of citrus fruits to Europe. Agrofruit went into liquidation in 2018…
KPMG has entered exclusive talks about a 400m sale of its UK restructuring business in a deal that could be spearheaded by one of the most prominent figures in the UK accountancy profession. Sky News has learnt that HIG Europe is in detailed negotiations to acquire the business, which will represent the most valuable disposal…
Countries eligible to borrow from the International Development Association (IDA)the World Banks fund for the poorest countriesentered the COVID-19 crisis already facing elevated debt levels and weak fiscal positions. The pandemic is now placing enormous pressure on these countries to finance additional expenditures for relief and recovery amid shrinking fiscal revenues and limited access to…
VBS liquidators are going after KPMG SA to try and recover some of the funds lost in large-scale fraud that the firm’s auditors failed to report. Photo: Getty Images VBS liquidator Anoosh Rooplal isgoing after KPMG SA to try to recover some of the funds lost in large-scale fraud that the firm’s auditors failed to…
EPIC Insurance Brokers and Consultants has announced a number of organizational and restructuring changes across the company. Tom ONeil has been named president of EPIC. In this role, he will work directly with EPIC CEO Steve Denton to grow the business across its entire platform. ONeil previously led the companys West and Northwest regions and…
Fears of credit rating downgrades will deter the worlds poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said. In November, the G20 group of major economies launched a framework designed to streamline a process to help countries defer or negotiate down their…
A once-popular Asian restaurant in the heart of Maroochydore’s entertainment strip has shut its doors for good after its parent company went bust owing about $1.4 million. Liquidators were appointed on Friday to wind up Akane Pty Ltd, which had traded as Akane Teppanyaki and Whisky Bar, a large restaurant which had operated on Ocean…
This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts by developing nations to increase nature conservation, as well as climate adaptation and mitigation. The researchers conclude that by implementing such debt swaps, China could not only help to…
Debt has a way of piling up faster than many of us realize. If you have a lot of high-interest credit card debt, for example, it can feel like youll never make any progress. Fortunately, it’s possible to get out of debt more quickly if you go about it in the right way. Plus, you…
LONDON (Reuters) – Fears of credit rating downgrades will deter the worlds poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said. In November, the G20 group of major economies launched a framework designed to streamline a process to help countries defer or…