Business recovery practice Begbies Traynor has said the number of failing companies has increased this year due to ongoing political uncertainty and a slowdown in consumer spending. Begbies Traynor said it was well placed to capitalise on the growing number of insolvencies in the UK, which are beginning to rise after years of decline. The…
Former Cardiff City and Manchester United player Philip Mulryne has been ordained a Roman Catholic priest in the Dominican Order. Mulryne was a product of the Red Devils’ youth academy and made five appearances for Sir Alex Ferguson’s side before joining Norwich City for £500,000 in 1999. Read More He made more than 150 appearances…
Geneva: A Swiss court has rejected a 36.5-million-euro claim against tennis legend Boris Becker by a former business partner, according to a judgment published Monday. Swiss businessman Hans-Dieter Cleven claimed the German former world number one owed him 40 million Swiss francs ($41.4 million, 36.5 million euros), after Becker was declared bankrupt by a court…
MUMBAI (Reuters) – In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve India’s $150 billion bad debt overhang. The company, which makes steel tubes and auto parts for customers including Ford (F.N),…
Swiss court has rejected a 36.5-million-euro claim against tennis legend Boris Becker by a former business partner, according to a judgment published Monday. Swiss businessman Hans-Dieter Cleven claimed the German former world number one owed him 40 million Swiss francs ($41.4 million, 36.5 million euros), after Becker was declared bankrupt by a court in London…
Mumbai: In January, Innoventive Industries, a speciality steelmaker based in Pune, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve the country’s $150 billion bad debt overhang. The company, which makes steel tubes and auto parts for customers including Ford, Volkswagen and Tata…
Shareholders pursuing troubled legal firm Slater and Gordon will receive just $36.5 million, after the firm agreed to settle a number of class actions against it. -Key points: Hedge funds will now assume ownership of the 82-year old law firm Directors’ indemnity insurance the only source of funds available from Slater and Gordon $36.5…
By Devidutta Tripathy and Euan Rocha | MUMBAI MUMBAI In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve India’s $150 billion bad debt overhang. The company, which makes steel tubes and auto…
Shareholders in Slater and Gordon have reached a $36.5 million settlement with the beleaguered law firm, a move that will pave the way for the group’s restructure. Slater and Gordon’s insurers will tip in $32.5 million of the settlement while the hedge funds that hold the debt in the group, which will be swapped for…
Green-Light International has declared bankruptcy following a blistering arbitrators ruling that found that the foreign sales agent committed acts that bordered on criminal fraud. The company was accused of pocketing $410,000 from distributors that should have gone to a collection account, and using the money for salaries and a lavish post-Cannes Film Festival vacation in…