Ascent Resources updated the market on the insolvency proceedings of its former Slovenian joint venture partner Geoenergo on Wednesday, confirming progress in its claims to recover funds. The AIM-traded firm said a Slovenian insolvency court had approved multiple claims submitted by Ascent’s subsidiary, Ascent Slovenia (ASL), though some disputes remained unresolved. It said the court…
Company that ran Auckland festival goes into liquidation Stuff Read the original article here
Newcastle United co-owner Amanda Staveley was yesterday ordered to pay £3.4m to a Greek shipping magnate by April 22 — or he can petition the court for a bankruptcy order. Staveley, 50, who helped orchestrate the Saudi Arabia-backed consortium that purchased Newcastle United for £300m in 2021, had applied to the High Court to throw…
True Value, a 75-year-old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter 11…
(Bloomberg) — Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets unable to insure their vehicles. Uber prepared written comments ahead of a public hearing to be held Wednesday by…
Republika Srpska Finance Minister Zora Vidović said that Republika Srpska will allocate 25.5 million BAM from the budget next year to support the economy with new technologies, and noted that the RS debt is not growing, as the opposition claims, but is falling. “The public debt of Republika Srpska was the highest in 2005, at…
The company writes this in a short press release. “The board of directors of the Company has this evening decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations. The bankruptcy petition will be…
Elon Musk has warned Bill Gates could go bankrupt in the future if Tesla meets one condition. They are two of the most powerful and richest men on the planet, but they often don’t seen eye to eye. Back in April 2022, Musk said he refused a philanthropy request from Gates over the stock shorting…
Gareth was selected as Legal Advisor of the Year from hundreds of advisors across the UK, in recognition of his work within the business recovery sector. TOP STORY: New Somerset Bakery opens on Lisieux Way in Taunton Buckley said: “Winning this award is a testament to our team’s dedication to guiding business owners through financial challenges…
Elon Musk, world’s richest man, wrote on X that Microsoft co-founder Bill Gates might face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker. The statement by Musk came as Tesla’s market capitalization stands at $1.251 trillion, still significantly behind…