Diamond and precious metals dealer Alejandro “Alex” Mendieta has been ordered by the Supreme Court of Victoria to pay more than $190,000 to the owner of five precious stones that appear to have vanished. The court order handed down on December 15 is the latest setback for Mr Mendieta, who was charged with receiving stolen…
Queenslands health department has allowed a disgraced British psychiatrist to slip through the cracks. Dr Richard Seamark has been practising at Sunshine Coast Hospital for 18 months despite being banned in the UK for jeopardising patient safety. Seamark was accused of failing to adequately safeguard patients wellbeing, presenting a significant risk to patients and the public. The…
A year after being declared bankrupt, Independent TD Mick Wallace is scheduled to walk away from debts of more than 30m. Mr Wallace was adjudicated a bankrupt at the High Court on December 19, last year on foot of a 2m judgment debt. He was therefore scheduled to leave bankruptcy yesterday. Mr Wallace had been…
Video PlayerClose ROME, Dec. 19 (Xinhua) — Bank of Italy Governor Ignazio Visco on Tuesday told a parliamentary commission of inquiry into the failure of several Italian banks that nobody in the government of ex-premier Matteo Renzi tried to exert undue pressure on him during the banking crisis. Visco testified that Renzi asked him about…
By M R Umarji The Insolvency and Bankruptcy Board of India (IBBI) has framed regulations for insolvency resolution process which provide that liquidation value means estimated realisable value of the assets of the corporate debtor is used for computation of liquidation value. The regulations further provide that the information memorandum prepared by the Resolution Professional…
Debt-ridden Ruchi Soya Industries on Tuesday said that insolvency proceeding has been initiated against the company and the powers of its board have been suspended. On December 9, the company had said that petitions filed by Standard Chartered Bank and DBS Bank against Ruchi Soya Industries before the National Company Law Tribunal (NCLT), Mumbai have…
After 160 years of lending a rakish look to the likes of Winston Churchill, Humphrey Bogart and Indiana Jones, an iconic Italian hat company has been declared bankrupt. Borsalino, famed for its stylish fedoras and panamas, was declared insolvent after a court in Alessandria, northern Italy, rejected a rescue plan and placed the company in…
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com’s Dividend Insider Elite. Sign-up for a FREE trial here. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date…
Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company and put it into administration, Elio Bricola from…
A hat in a “Borsalino” flag-ship store in Florence. Photo: Vincenzo Pinto/AFP Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue…