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The oldest machine-building plant in the Urals was declared bankrupt

One of the oldest enterprises in the Chelyabinsk region, the “Kyshtym Machine-Building Association” (KAMО), was officially declared bankrupt after almost two years of litigation. At a meeting on February 10, the arbitration court of the region introduced a monitoring procedure for the enterprise. «Кыштымское машиностроительное объединение» Image source Администрация Кыштымского городского округа In the fall…

New reality calls for more EU debt – POLITICO

The European Central Bank’s policymakers, Nagel said in an interview on Friday, see “the benefits of creating a common European, highly liquid, euro-wide benchmark safe asset. Action is necessary.” But Nagel’s break from Germany’s traditional opposition to joint debt comes at an awkward time for Berlin. Earlier this week, the German government rebuked a rallying…

Developer Michael O’Flynn renews challenge to neighbour’s personal insolvency arrangement

Developer Michael O’Flynn Property developer Michael O’Flynn was back before the High Court on Tuesday for another round in his objection to the personal insolvency arrangement (PIA) of his former business partner and neighbour John O’Driscoll. He claims Mr O’Driscoll from Ovens, Co Cork, owed him approximately €950,000 and was allegedly not insolvent when he…

Who is Rao Inderjeet Singh? Man who has offered ₹ 1.11 crore aid to Rajpal Yadav amid jail term in ₹9 crore debt case

Bollywood actor Rajpal Yadav recently made headlines after he surrendered and was sent to Tihar Jail in connection with a ₹9 crore debt and cheque bounce case. Before surrendering, the actor gave an emotional statement in which he spoke about facing severe financial difficulties and having no one to confide in during the crisis. Shortly…

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