Hong Kong – Macau is hosting a record amount of bond listings as the world’s top gambling hub boosts efforts to diversify its economy and establish itself as an alternative financing hub for Chinese firms. A combined US$28.1 billion (S$38.2 billion) of bonds have started trading this year on the Chongwa (Macao) Financial Asset Exchange,…
Former European Ryder Cup skipper Paul McGinley has issued a stark caution to golf’s two main tours, underlining that they might be on the brink of financial ruin if they don’t curb the current trend of rapidly increasing prize money. This comes in response to the colossal stakes pumped into the sport since LIV Golf,…
Dar es Salaam. Independent Power Tanzania Limited (IPTL) faces a new internal dispute as one of its minority shareholders has petitioned the High Court for the company’s liquidation. Eurasia Holding Limited, which owns a 10 percent stake in IPTL, is calling for the winding-up of the company or, alternatively, payment of $25 million as compensation…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Student-loan borrowers are entering the new year with uncertainty on their payments and debt relief. Ongoing litigation with the SAVE repayment plan makes it difficult for some borrowers to plan financially. Biden also officially withdrew his broad debt relief plans, and any future relief under Trump is unlikely. Wade Burt, 67, is entering the new…
Insolvency in Colombia: Relevant Aspects Holland & Knight Read the original article here
Synopsis For countries that have adopted, and implemented in local legislation, the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency (Model Law), there is a streamlined process which enables a liquidator, or other insolvency administrator, of a company in a foreign jurisdiction to apply to the court in the Model…
New Delhi, Dec 29: As many as 28,818 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having an underlying default of Rs. 10.22 lakh crore, were resolved before their admission till March 2024 due to the behavioural change in debtor-creditor relationship effectuated by the Insolvency and Bankruptcy Code (IBC), according to the Ministry…
The National Company Law Tribunal (NCLT) initiated the Corporate Insolvency Resolution Process (CIRP) against Hero Electric Vehicles Pvt Ltd based on a petition by Metro Tyres. Metro Tyres claimed Hero Electric had failed to pay dues amounting to ₹1.85 crore for tyres and tubes supplied between August and December 2022. In its order on December…
New Delhi: As many as 28,818 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having an underlying default of Rs. 10.22 lakh crore, were resolved before their admission till March 2024 due to the behavioural change in debtor-creditor relationship effectuated by the Insolvency and Bankruptcy Code (IBC), according to the Ministry of Corporate…