On 30 March 2017, the European Economic and Social Committee (EESC) adopted an opinion on the European Commission’s proposed directive on business insolvency, which is intended to harmonise preventive restructuring procedures across Europe. While fully supporting the Commission’s shift from liquidation to early restructuring in dealing with business insolvency, the EESC proposes a set of…
Pacific Andes intends to continue its restructuring process. Two subsidiaries of Pacific Andes request to be declared bankrupt HONG KONG Wednesday, March 29, 2017, 02:50 (GMT + 9) As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed…
March 24, 1911 An election took place on a road tax, with the intention of improving area roads. The vote was 315 to 227 and reflected votes from throughout the county. March 25, 1915 The Conroe Courier reported that two years of Prohibition had saved taxpayers $1,277.30 in feeding prisoners alone. The segment then asked,…
The Bankruptcy (Amendment) Bill 2016, which among others, protects social guarantors from being declared bankrupt, was passed by Parliament today. Minister in the Prime Minister’s Department Azalina Othman Said described the bill as a reform to provide for a fairer system for social guarantors. “This is because when we look at the definition of social guarantors,…
The National Hardship Register offers help for people who can’t repay debt To qualify for the National Hardship Register, you need to meet with a financial counsellor. Photo: Supplied John Collett Photo: Supplied exit For people who have no way of repaying their debts there is now a way to stop debt collectors calling and…
AmazonFresh to operate in Australia in 2018 | Woolworths seeks cheap organicsHelloFresh now available at supermarkets Korean egrocer to sell fruit straight from farms – Gmarket launched a service on Monday called Gtable that provides seasonal fresh food from farms around Korea. The online retailer will oversee the entire process, including selection of fruits…
Gavel (KSN News) WICHITA, Kan. (KSNW) A Parsons woman was indicted Tuesday on federal charges of embezzling more than $5 million from a credit union that was declared insolvent and liquidated according to the U.S. Attorney. Nita Rae Nirschl, 64, is charged in an 81-count indictment including 22 counts of embezzlement, 37 counts of money…
Azalina described the bill as a reform to provide for a fairer system for social guarantors. Picture by Choo Choy MayKUALA LUMPUR, March 29 The Bankruptcy (Amendment) Bill 2016, which among others, protects social guarantors from being declared bankrupt, was passed by Parliament today. Minister in the Prime Ministers Department Datuk Seri Azalina Othman Said…
MUMBAI: The Insolvency and Bankruptcy Board of India (IBBI), the newly-established regulator to reorganise insolvency laws in the country, is working on guidelines for individuals who want to declare bankruptcy and will also allow voluntary liquidation by companies, chairperson Madhusudan Sahoo said in an exclusive interaction with ET. The IBBI is the nodal agency for…
Insolvency application: Arun Jagatramka said the future still looks bright for Gujarat NRE Coke. Indian mining mogul Arun Jagatramka, who left Wollongong after his company spluttered and was taken over, has filed for insolvency protection in his homeland. Gujarat NRE Coke, former parent company of what is now Wollongong Coal, has applied for insolvency resolution,…