By Martin Croucher · December 5, 2024, 12:36 PM GMT Company bosses and their insurers could face increased claims next year from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday…. To view the full article, register now. Read the original article here
The Cayman Islands: A Leading Jurisdiction for Investment Fund Insolvency and Restructuring. by: Mark Goodman, Partner at Campbells Cayman Islands In the ever-evolving landscape of global finance, the Cayman Islands has established itself as a premier jurisdiction for handling complex insolvency and restructuring cases, particularly for investment funds. With its robust legal framework, creditor-friendly system, and…
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RetailAppointments An independent proxy adviser has warned shareholders at boohoo of the “obvious risks” presented by Frasers Group to the company. Frasers, which owns 27% of boohoo’s shares, is seeking the appointment of its CEO Mike Ashley and Mike Lennon to the company’s board of directors alongside the removal of executive chairman and co-founder Mahmud…
Located in Basildon, Home Drainage Protection Service Ltd ‘bombarded’ pensioners and people suffering from medical conditions with up to 20 calls a day, allegedly using ‘abusive’ language and ‘threatening to call the police or bailiffs’ if the call receiver did not sign up to their proposals. The company claimed to provide replacements and repairs to plumbing and…
Delta Air Lines exits bankruptcy Reuters.com Read the original article here
Court documents show the debt was reduced to $203,000 through repayments or credits allowed by the time Mr Jane was served with a bankruptcy notice in March 2016. The tyre titan was one of Mr Mitchell’s first clients when he opened his ad agency in the 1970s and the two remained friends, with Mr Mitchell…
(Bloomberg) — For the past three years, steel tycoon Sanjeev Gupta has performed an extraordinary feat of corporate survival. The British industrialist managed to keep most of his empire of steel plants even as creditors circled, concerns arose about alleged wrongdoing regarding trades and he faced probes for suspected fraud and money laundering. Now his…
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years,…
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years,…