UB40 declared bankrupt – NME.com

Four members of reggae veterans go bust after band’s management company goes under UB40 have been declared bankrupt. Four members of the reggae veterans Brian Travers, Jimmy Brown, Terence Oswald and Norman Hassan were revealed to have gone bust by a judge at Birmingham County Court. The case follows the failure of the bands record…

Insolvency procedure of Romania’s largest power producer closed by court – Romania-Insider.com

The Bucharest Court of Appeal decided to permanently close the insolvency procedure of Hidroelectrica, one of the most profitable state-owned companies, almost five years after the company filed for insolvency, reports local News.ro. When the insolvency procedure was opened, Hidroelectrica had 11 ongoing bilateral contracts for electricity supply at prices considered damaging to the company.…