The dramatic developments cap almost three years of trouble for Greensill Capital, a startup lender aiming to disrupt a niche part of global finance. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germanys banking regulator BaFin pressured the financiers lender to…
Convicted Shepparton financial planner Amanda Ritchie has been fined in the Shepparton Magistrates Court. Ritchie, who is currently serving a four-year jail term after pleading guilty to obtaining financial advantage by deception and a string of theft charges after ripping off clients for almost $500,000, faced court charged with failing to provide a statement of…
VBS liquidators are going after KPMG SA to try and recover some of the funds lost in large-scale fraud that the firm’s auditors failed to report. Photo: Getty Images VBS liquidator Anoosh Rooplal isgoing after KPMG SA to try to recover some of the funds lost in large-scale fraud that the firm’s auditors failed to…
Is Your Business on the Verge of Bankruptcy? 5 Warning Signs Your Company is Approaching Insolvency Whether your business is growing exponentially month after month or generating stable profits, executives poor business choices and mismanagement of funds can quickly lead a thriving corporation into insolvency. When individuals or companies can no longer meet their financial…
Thursday, February 25, 2021 Following on frompart 1of our predictions for 2021 for the UK restructuring marketpart 2 looks at CVAs, directors duties and HMRC and insolvencies. We had hoped to cover off everything in 2 parts, but 2021 looks to be a busy year so we will publish the final part of this series…
Polish manufacturer of steel foundations for offshore wind farms, ST3 Offshore which declared bankruptcy in March 2020 has been put up for sale by the Official Receiver of the company in insolvency. A tender has been issued for the sale of ST3 Offshore with a reserve price of the company amounting to PLN 234,680,000 net…
VBS liquidators are going after KPMG SA to try and recover some of the funds lost in large-scale fraud that the firm’s auditors failed to report. Photo: Getty Images VBS liquidator Anoosh Rooplal isgoing after KPMG SA to try to recover some of the funds lost in large-scale fraud that the firm’s auditors failed to…
By Natalia Zinets 3 Min Read KYIV, Feb 23 (Reuters) – Ukraine listed the former CEO of its largest bank and two other top former managers on Tuesday as suspects in an embezzlement case, the first criminal case opened in a long-running dispute over the bank whose nationalisation dominates domestic politics. The fate of PrivatBank…
By Natalia Zinets KYIV, Feb 23 (Reuters) – Ukraine listed the former CEO of its largest bank and two other top former managers on Tuesday as suspects in an embezzlement case, the first criminal case opened in a long-running dispute over the bank whose nationalisation dominates domestic politics. The fate of PrivatBank has overshadowed Ukraine’s…
Member Article Corporate insolvencies decreased by 39.1% to 752 in January 2021 compared to December 2020s figure of 1,235, and were 50.4% lower than January 2020s figure of 1,515. Personal insolvencies decreased by 13.7% to 8,305 in January 2021 compared to December 2020s figure of 9,623, and were 20.8% lower than January 2020s figure of…