London: Former German tennis star Boris Becker has been declared bankrupt by a court in London after failing to pay a “substantial” long-standing debt since 2015. Laywers for the the three-time Wimbledon champion pleaded with a Bankruptcy Court registrar today to allow Becker a “last chance” to pay off the debt. But Registrar Christine Derrett,…
Mumbai: Lenders led by the State Bank of India on Thursday decided to begin insolvency proceedings against Bhushan Steel, Essar Steel and Electrosteel Steels by referring them to the NCLT for recovery under the Insolvency and Bankruptcy Code (IBC). The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is…
Introduction Measures to prevent insolvency warning signs Existing restructuring options Bankruptcy reform: what to expect Comment Introduction Luxembourg recently adopted a number of legislative reforms aimed at modernising the rules applicable to commercial companies. In relation to the restructuring and insolvency of Luxembourg-based entities, Parliament is discussing the long-awaited Bill 6539 (the so-called ‘Insolvency Bill’).…
Former German tennis star Boris Becker says he is surprised and disappointed after being declared bankrupt by a court in London for failing to pay a substantial long-standing debt. Lawyers for the three-time Wimbledon champion pleaded with a Bankruptcy Court registrar to allow Becker a last chance to pay off the debt, which dates back…
By: ENS Economic Bureau | Mumbai | Published:June 23, 2017 1:16 am According to a banker, Bhushan Steel, Electrosteel Steels and Essar Steel cases were taken up at a meeting of bankers and they decided to start the insolvency proceedings. (Source: File) Related News Banks have decided to initiate insolvency proceedings against three steel companies,…
Lenders led by the State Bank of India on Thursday decided to begin insolvency proceedings against Bhushan Steel, Essar Steel and Electrosteel Steels by referring them to the NCLT for recovery under the Insolvency and Bankruptcy Code (IBC). The decision was taken at a marathon meeting chaired by SBI. While Bhushan Steel is in default…
Founder Dan Houston Scandal-hit aid charity gave just 13p in every pound to charity 22nd June 2017 by Robert Armour A controversial charity has been declared bankrupt after spending just 13p in every pound on charitable activities. Uddingston-based Scotia Aid Sierra Leone was reported to the charity regulator in 2015 by a whistleblowing trustee who…
Parma also announced that former Argentina forward Hernan Crespo, who played for the club between 1996 and 2000 and returned in 2010 to end his career there, would become a vice-president. Parma, twice winners of the old UEFA Cup in the 1990s, were declared bankrupt two seasons ago after finishing bottom of Serie A and…
Gary Brooks, already tasked with bringing downtown’s art deco jewel, First National, back to life, is still recovering from an open house last week where thousands got a last glimpse and trusted the developer with some of their precious possessions. The open house, hosted last Friday and Saturday, was a chance for the public to…
The shipping industry has been buffeted by storms recently, causing a wave of consolidation and affecting the legal services required. While shipping lawyers have adapted to the changing tides, the future is shrouded in fog. The past few years have been among the worst in the global shipping industrys history. Too many vessels…