Cambria Africa eyes AIM delisting as it plots liquidation of assets – MSN
Cambria Africa eyes AIM delisting as it plots liquidation of assets MSN Read the original article here
IBBI Proposes Amendment to Boost MSME Participation in Insolvency Resolution
New Delhi, Aug 27 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has put forward a significant amendment to corporate insolvency regulations, specifically targeting support for micro, small, and medium enterprises (MSMEs). This move comes as part of ongoing efforts to streamline the insolvency resolution process and create a more inclusive environment for smaller…
Directors warned to avoid rogue unlicenced insolvency advisors
Company directors are being urged to avoid engaging rogue unlicensed insolvency advisors or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, an accountancy firm has warned. “It is very concerning that some directors are engaging the services of unlicensed advisors, often in the belief that they can…
R3 in the North West responds to July 2024 insolvency statistics
Corporate insolvencies decreased by 7.3 per cent in England and Wales in July 2024 to a total of 2,191 compared to June’s total of 2,363 and increased by 15.9 per cent compared to July 2023’s figure of 1,890. Corporate insolvencies increased by 8.9 per cent from July 2022’s total of 2,012 and increased by 52.2…
Rothschild to Boost India ECM, Debt Businesses as Deals Heat Up – BNN Bloomberg
(Bloomberg) — Rothschild & Co. plans to beef up its equity capital markets advisory business in India and also provide debt advisory services amid the country’s dealmaking boom. The expansion plans at Rothschild follow a surge of initial public offerings in the Indian stock market, partly driven by some multinational companies seeking to unlock value…
Translator for Dodgers star Shohei Ohtani’s fired after allegations of ‘massive theft’ | Shohei Ohtani
The interpreter for Shohei Ohtani, the biggest star in baseball and one of the most famous people in Japan, has been fired after lawyers for the player said there had been a “massive theft” from the slugger’s account. ESPN reported that several sources said Ippei Mizuhara had run up large debts to a Californian bookmaker.…
How ‘gambling courts’ can save hopelessly addicted punters like Carolyn
Carolyn Crawford was 64 when she was sent to prison. Before that, she had never even had a parking fine. But an addiction to the lights and sounds of pokies rooms drove her to lie and steal. Over several years, Ms Crawford pilfered $400,000 from her employer to feed her addiction. She told her family…
More than 800 company directors banned for abusing Covid support scheme
A total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up more than 80% on the previous year The average length of director disqualification for Covid misconduct in 2023-24 was almost 10 years More than 800 company directors have been disqualified for abusing Covid support schemes following investigations by the…
Canada Jetlines files insolvency notice of intention
Canada Jetlines (AU, Toronto Pearson) has appointed BDO Canada as its trustee and filed a Notice of Intention to Make a Proposal, the first step of a restructuring process under the county’s Bankruptcy and Insolvency Act. On August 15, Canada Jetlines announced it would suspend all flights and file for creditor protection after it ran…
Ports to power, what companies facing insolvency mean for Adani Group
Gautam Adani, Executive Chairman and founder, Adani Group; Imafe credit: Bloomberg Synopsis Adani has done acquisitions of a dozen insolvent companies so far and managed to successfully rehabilitate them. In turn, these companies are helping the group consolidate its position across sectors such as power, ports, and real estate, etc. 2018. As Ruchi Soya, an…