The new rules aim at facilitating debt recovery in cross-border insolvency proceedings. They will make it easier for businesses to restructure and for creditors to get their money back, by ensuring that collective procedures for cross-border debt recovery are effective and efficient. The Regulation focuses on resolving the conflicts of jurisdiction and laws in cross-border…
By Sebastian Shakespeare for the Daily Mail Published: 10:57 +10:00, 26 June 2017 | Updated: 11:20 +10:00, 26 June 2017 e-mail 34 View comments Kevin Maxwell faces being declared bankrupt at the High Court in London for a second time, Sebastian Shakespeare reveals Kevin Maxwell was declared the biggest personal bankrupt in British history in 1992,…
A large potion of Auctionatas holdings is going under the hammer in Berlin and Cologne this week, marking perhaps the final chapter in the companys tumultuous five-year history. The sales, which come five months after the German online art auctioneer began insolvency proceedings (the German equivalent of bankruptcy) in January, offer new insight into Auctionatas business…
Photo: PTI Bankers are worried over RBI’s new diktat seeking higher bad loan provisioning In what has come as a shocker for banks amid the ongoing bankruptcy proceedings as part of measures to tackle the bad loan menace, the Reserve Bank of India has reportedly asked banks to undertake a steep increase in provisioning requirements…
NEW DELHI/ KOLKATA: Efficiency of the resolution infrastructure depends on the capabilities of the insolvency professionals The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capabilityassessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially `8 lakh-crore exercise, seeking to win over an ecosystem…
Never before have so many of Indias most-indebted companies faced the threat of insolvency proceedings. It is somewhat hard to capture, or even understand, the full import of all that has happened in corporate India over the past two weeks, but this is clearly a new chapter playing out. Events have unfolded very quickly after…
NEW DELHI/ KOLKATA: Efficiency of the resolution infrastructure depends on the capabilities of the insolvency professionals The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capabilityassessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially `8 lakh-crore exercise, seeking to win over an ecosystem…
Those who don the IP hat are usually chartered accountants or business managers Veena Mani June 25, 2017 Last Updated at 23:53 IST Insolvency professionals (IPs) are the new kid in town in great demand particularly after the RBI asked bank… Read the full article at: http://www.business-standard.com/article/opinion/know-the-new-world-of-insolvency-professionals-117062500786_1.html
Tennis icon Boris Becker has rubbished reports he’s to split from his wife of eight years, Lilly Becker. The former Wimbledon champion, 49, has responded to rumours about his marriage with a tweet, in which he publicly describes the brunette beauty as his “love”. Posting an image of his model partner, the German sportsman captioned…
By Jabeen Waheed For Mailonline Published: 18:28 +10:00, 25 June 2017 | Updated: 20:08 +10:00, 25 June 2017 e-mail 51 View comments Boris Becker is reportedly splitting from his wife Lilly – a move which could potentially add to his financial woes. The three time Wimbledon tennis champion – who has been declared bankrupt over…