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Category Archives: Bankruptcy

Financial stress easing as Mackay businesses find feet – Mackay Daily Mercury

BankruptcyBy Insolvency GuardianMarch 21, 2018

THE declining number of people in Mackay falling into financial ruin could be a sign of a more robust and confident economy, CQUniversity law lecturer Lance Rundle says. Recent data from the Australian Financial Security Authority indicates fewer people fell into insolvency in the 2017 December quarter. In total there were 60 -down from 76…

Financial stress easing – Mackay Daily Mercury

BankruptcyBy Insolvency GuardianMarch 21, 2018

THE declining number of people in Mackay falling into financial ruin could be a sign of a more robust and confident economy, CQUniversity law lecturer Lance Rundle says. Recent data from the Australian Financial Security Authority indicates fewer people fell into insolvency in the 2017 December quarter. In total there were 60 -down from 76…

Sebi plans amending norms for companies undergoing insolvency proceedings – Firstpost

BankruptcyBy Insolvency GuardianMarch 21, 2018

New Delhi: Sebi plans to bring in additional disclosure requirements for listed corporates undergoing insolvency resolution process as well as amend norms pertaining to minimum public shareholding norms and other provisions for such entities, a senior official said. The proposal comes at a time when there are increasing number of cases coming up under the…

Court removes KVV Liepajas Metalurgs’ insolvency administrator – The Baltic Course

BankruptcyBy Insolvency GuardianMarch 21, 2018

A district court in the southwestern Latvian city of Liepaja today removed Guntars Koris as insolvency administrator of KVV Liepaja Metalurgs steel company, the courts representative Velga Luka told LETA. The verdict cannot be appealed and has already come into effect. The Liepaja court will send its ruling on Koris removal to the Insolvency Administration …

Numetal, ArcelorMittal Ineligible To Bid For Essar Steel – BloombergQuint

BankruptcyBy Insolvency GuardianMarch 21, 2018

Lenders to Essar Steel Ltd. today decided to reject both resolution plans submitted for the company under the insolvency and bankruptcy process, two bankers in the know have confirmed. In a meeting held in Mumbai, the committee of creditors was presented with the findings of Resolution Professional Satish Kumar Gupta on the eligibility of the…

Black Stars to lose headline sponsor as uniBank is declared insolvent – GhanaWeb

BankruptcyBy Insolvency GuardianMarch 21, 2018

Black Stars To Lose Headline Sponsor As uniBank Is Declared Insolvent – Modern Ghana (press release) (blog)

BankruptcyBy Insolvency GuardianMarch 21, 2018

Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year deal worth US$ 1.2m. The Bank of Ghana has appointed an audit firm KPMG as Official…

More firms folding in Poland: report – thenews.pl

BankruptcyBy Insolvency GuardianMarch 20, 2018

PR dla Zagranicy Grzegorz Siwicki 20.03.2018 15:00 Company bankruptcies rose 8 percent in Poland in the first two months of this year compared with the same period last year, according to a report. Photo: Pixabay.com/Arcaion/CC0 Creative Commons … Read the full article at: http://thenews.pl/1/12/Artykul/354846,More-firms-folding-in-Poland-report

Bank of Ghana takes over uniBank – Graphic Online

BankruptcyBy Insolvency GuardianMarch 20, 2018

The Bank of Ghana (BoG) has taken over the management of uniBank Ghana Limited, an indigenous lender after it declared it insolvent Tuesday afternoon. The Bank of Ghana will now be in control of the day to day running of the local bank and has accordingly appointed KPMG as the official administrator to oversee the…

Black Stars to lose headline sponsor as uniBank is declared insolvent – Ghanasoccernet.com

BankruptcyBy Insolvency GuardianMarch 20, 2018

Unibank Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year-deal worth US$ 1.2m. The Bank of Ghana has appointed audit firm KPMG as Official Administrator…

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