Editor’s note: Part 1 of ESPN’s future of sports betting series focused on the paths to legalization in the United States and what the resulting marketplace could look like. Part 2 looked at future bettors — humans and robots. Part 3 focuses on the pitfalls, or what could go wrong if sports betting is legalized.…
In 2016 a number of high-profile businesses have hit troubled waters. Stories of company failures, liquidations, insolvencies and receiverships have dominated the business media, and many hundreds if not thousands of New Zealanders have been affected. As most NBR readers will know, insolvency practitioners are appointed to take control of a company when it does…
Adam Sage, Paris Greenpeace claimed that if EDF disclosed the true cost of running a fleet of reactors in France while financing two new ones in the UK, it would be declared bankruptSEBASTIEN BOZON/GETTY IMAGES The French state electricity giant building Britains new nuclear power plant was accused by environmentalists yesterday of a gross underestimation…
Nov 17, 2016 6:34 PM A DIRECTOR of interior design contractor Serrano has been removed from his post after being declared bankrupt by the court, while bankruptcy proceedings for another director of the company have been postponed. The Catalist-listed company filed a release saying the High Court had made a bankruptcy order against Chia Wing…
The National Bank of Ukraine (NBU) has declared Artem-Bank (Kyiv), which in late September 2016 ranked 69th in terms of assets (Hr 528.84 million) among 101 Ukrainian banks, insolvent, NBU Deputy Head Yekateryna Rozhkova has said. Temporary administration was introduced in the bank yesterday, on November 15, she said at a press conference in Kyiv.…
Data from the Insolvency Service indicates a 2.2% increase in business insolvencies in the third quarter, following a decline in the previous quarter. An estimated 3,633 firms entered insolvency in the third quarter of 2016. More than 600 businesses were subject to compulsory liquidation over the period, up 3.5% on the previous quarter. There were…
ULFT, the Netherlands Dutch bike maker Multicycle has been declared bankrupt by the Court in Zutphen. The bankruptcy concerns Multicycle Inventures Group BV and the four subsidiaries of that holding company. It means that the 65 employees of Multicycle lose their jobs. Multicycle has been declared bankrupt. Photo Multicycle The law firm JPR lawyers in…
ROBYN EDIE/FAIRFAX NZ Jubilee Budget Advisory Service manager Sharon Soper said some clients also felt better for paying some of their debts rather than wiping them Fewer Southlanders are becoming insolvent and those who do are turning to payment plans to work their way out of debt. Information from the New Zealand Insolvency and Trustee…
Davies Chipinda Correspondent In a bid to improve the business environment and attract both domestic and foreign investment, President Mugabe last year proposed a Ten Point Plan meant to maintain economic growth, in particular the creation of jobs.Pursuant to this, a steering committee was constituted in September 2015 to lead an accelerated reform effort through a…
By Sophie Kinoti For Citizen Digital Published on 14 November 2016 East African Portland Cement (EAPCC) has set out to stamp out corruption from its operations to boost profitability. This comes in the wake of the cement maker dropping into a negative equity position with its liabilities exceeding the value of its assets. Also Read:…