Administrator of bankrupt Latvijas Krajbanka recovers EUR 9.43 mln in 2 months – The Baltic Course

KPMG Baltics, the administrator of the to-be-liquidated Latvijas Krajbanka in January and February 2016 recovered EUR 9.43 million, informs LETA. The administrator recovered EUR 1,359,643 in January and EUR 8,068,755 in February, according to the report of the banks financial situation.   In February Latvijas Krajbanka and Ernst & Young Baltic (EY) reached a settlement…

Property spruiker faces further action from Fed Court – The Adviser

Share Written by Staff Reporter March 18, 2016 Liquidators have been appointed to companies associated with a notorious property spruiker. ASIC announced yesterday that the Federal Court of Australia has made orders appointing liquidators to companies associated with Jamie McIntyre and 21st Century land banking companies. According to ASIC, Simon Alexander Wallace-Smith and Robert Scott…

Flint Whistleblower: Health Impact Of DC Water 20-30 Times Worse Than Flint – ValueWalk

Flint Whistleblower: Health Impact Of DC Water 20-30 Times Worse Than Flint by David Eldridge, InsideSources The Virginia Tech professor credited with sounding the alarm about poisoned water in Flint says the District of Columbias own long-running problems with lead exposure dwarf the crisis in Michigan. One day after appearing before Congress to blast federal…

BAT to close factory in M’sia under restructuring exercise – Business … – The Star Online

This 2011 file photo shows workers at the Petaling Jaya factory. KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) will cease its manufacturing operations in the country under an operations restructuring that will see it sourcing tobacco products for the domestic market from other British American Tobacco group factories regionally. The tobacco firm – whose…

Company directors and insurers call for removal of liability insurance obstacles – The Australian Financial Review

Gabrielle Upton says directors need certainty about whether their insurance can fund their costs to defend a claim. Wolter Peeters by Marianna Papadakis NSW Attorney-General Gabrielle Upton has asked the NSW Law Reform Commission to review insurance laws that could prevent directors and officers from accessing their personal liability insurance. Ms Upton said the laws…

Bulgarian banker Vassilev seeking Serbian citizenship to avoid extradition report – The Sofia Globe

Share this: The former majority shareholder in Bulgarias insolvent Corporate Commercial Bank (CCB), Tsvetan Vassilev, has filed an application to receive Serbian citizenship, public broadcaster Bulgarian National Television (BNT) said on March 16. The report, which came on the day that Vassilev faced a court hearing in Belgrade on the request to extradite him to…