Olivier Pognon is the chief executive officer of the African Legal Support Facility (ALSF). Established in 2008 under a treaty signed by African countries, the ALSF was set up to help African countries escape the trap of exploitative vulture funds – hedge or private-equity funds that invests in debt considered to be very weak or…
African nations demand debt relief, increased aid and financial reform Devex Read the original article here
The hiatus at Reflections Print Finishers appears to be reaching a conclusion, with directors Luke and Paul Hastings taking steps to put the business into creditors’ voluntary liquidation. Begbies Traynor has written to creditors explaining that, if creditors and shareholders approve, Andrew Hook and Julie Anne Palmer will be appointed as joint liquidators at the…
Abiy and Macron Forge Stronger Economic Ties as France Renews Commitment to Ethiopia’s Debt Relief and Investment Future Addis Insight Read the original article here
All 4Front Subsidiaries File for Court-Appointed Receiver – Company Announcement Financial Times Read the original article here
A Scottish mother paid nearly £200,000 to her daughter using funds due to a supplier just days after they decided their company was insolvent and would cease trading. Hazel Lamont, 74, and her daughter Nicola Murray, 54, were directors of Scotparts UK Ltd, which was described on Companies House as being involved in the sale…
Africa Delivery Technologies (ADTL), the Dutch parent company of Nigerian last-mile delivery platform Kwik, has been declared bankrupt and placed under administration by an Amsterdam court following a court dispute with a former executive to whom the company owes about $50,000. However, Kwik CEO Romain Peroit-Lellig insists that the company is financially sound. He says…
No Claim? No Problem. Rethinking Creditor Rights in Insolvency Law Polity.org.za Read the original article here
Microsoft and Amazon-backed AI ‘unicorn’ files bankruptcy MSN Read the original article here
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