Tour company operators who left charities short are disqualified by Insolvency Service – Third Sector

Two former directors of a holiday tour operator have been disqualified from acting as company directors for a combined 14 years after failing to ensure that £207,055 raised under commercial participation agreements was paid to five charities. Simon Smith, 43, and Nicholas Capsey, 40, were both directors at Global Enduro Ltd, a travel company that…

Company director’s insolvency offences lay foundation for jail term – CCH Daily inc Accountancy Live (subscription) (blog)

Robert Porters conviction follows an initial investigation by the Insolvency Service and a full criminal investigation and prosecution by the Department for Business Innovation and Skills (BIS). His wife, Kelly Porter, received a sentence of 150 hours unpaid work and a directors disqualification order of one years duration following a hearing at Reading Magistrates Court.…

Michael Noonan opposed changes to insolvency regime – Irish Examiner

Finance Minister Michael Noonan was strongly opposed to changes designed to help struggling mortgage holders just months before they were approved. Changes to the personal insolvency legislation which removed banks ability to veto repayment solutions involving a persons home were announced last May. Less than three months earlier, however, Mr Noonan warned of the unintended…

Batelco draws first blood; Chennai HC freezes Siva’s select India assets till month end – Economic Times

MUMBAI/CHENNAI: In a relief to Batelco Group, Bahrain based global telecoms company, the Madras High Court has directed serial investor Chinnakannan Sivasankaran, his relatives and his flagship company Siva Ltd not to sell or to create any third party rights on some of their Indian assets until February 22. The values of these movable and…