2017-01-19T18:39+02:00 18:39 19.01.2017 The National Bank of Ukraine (NBU) on January 19 declared Bank People’s Capital (Bank Narodny Kapital, Kyiv) insolvent, according to the central bank’s website. The central bank made relevant decree No. 34- RSh/BT due to the incompliance of the bank’s ownership structure with the requirements regarding transparency. According to the NBU, now…
The online auctioneer, Auctionata Paddle8, which merged last May, has filed for insolvency to restructure the business. The Berlin-based parent group announced on 19 January that it is holding several conversations with investors about future funding for Auctionata. Meanwhile, Paddle8 announced it has found an investor to buy back the New York-based company, which is…
The online auction start-up Auctionata Paddle8 AG filed a request to open insolvency proceedings on January 16, according to publicly accessible documents published by the Amtsgericht Charlottenburg, the district court responsible for the companys headquarters in West Berlin. Auctionata, founded in 2012, has reportedly been under financial strain recently; last week, the German online magazine…
A Queensland farmer battling with a bank has offered to stump up $300,000 to cover a debt that led to former One Nation senator Rod Culleton being declared bankrupt. The offer made in an affidavit was raised at a hearing in the Federal Court in Perth on Thursday, before Mr Culleton mounts a bid in…
By MailOnline Reporter Published: 20:47 +11:00, 19 January 2017 | Updated: 20:57 +11:00, 19 January 2017 e-mail View comments They have been very careful in painting their split as one of upmost civility. But Amanda Abbington’s downcast appearance this week suggested otherwise as she stepped out amid claims she confronted ex-partner Martin Freeman about his…
Former One Nation senator and declared bankrupt Rod Culleton is, in his own words, “not dead yet” and he’s going down swinging in the fight to retain his seat. The West Australian farmer has been subtly warned, via his lawyer, that he risks prosecution for impersonating a public official if he persists in claiming to be a senator.…
JOBS have been lost as a Huddersfield food firm has gone into liquidation. Staff at Aspleys Shaw & Lisle were told that it could not continue due to its financial position. The firm, which made sandwiches, called all staff in for a meeting at 1.30pm and announced the news. Mohammed Akhtar, a driver, said: The…
“The joint venture exploration company has ceased operation and entered the liquidation phase,” Chinalco said in an emailed statement. Bloomberg by David Stringer Rio Tinto Group and its largest shareholder Aluminum Corp of China have terminated their joint venture established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration Co,…
Bus Eireann told staff about a series of large cuts to payments and allowances and a reduction in temporary staff today as it seeks to avoid insolvency. The company said that if the programme of cuts are implemented fully it would be ready to offer staff an average pay rise of 2% a year over…
The National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition filed by UB Engineering Ltd (UBEL), part of the Vijay Mallya-owned UB group. As part of the process, the tribunal’s Mumbai bench, where the petition was filed, has appointed insolvency professional A K Mehta to initiate the process of insolvency resolution. …