Manolete Wins Prestigious Insolvency Litigation Funder of the Year Award – Business Wire (press release)

LONDON–(BUSINESS WIRE)–At the 2016 Turnaround Restructuring and Insolvency (TRI) industry awards at the London Hilton, Manolete Partners PLC beat Burford Capital, Harbour Litigation Funding and several other funding companies to win the inaugural award for Insolvency Litigation Funder of the Year. The TRI judging panel comprised many senior executives and leading professionals from across the…

Fitch: High Tax Burden Pushes Pemex Toward Insolvency – Business Wire (press release)

CHICAGO–(BUSINESS WIRE)–Petroleos Mexicanos (Pemex) faces insolvency as a result of heavy taxes, an insufficient support package, and the long-term effects of capex reduction, according to a new Fitch Ratings sensitivity analysis. “The Mexican government’s continued demand for dividends from Petroleos Mexicanos (Pemex) in the form of taxes will force the company to borrow at a…

Insolvency appointments Oct 7-21, 2016 – Business News

Firm Appointee/Solicitor appointed as for Company Published Date Grant Thorton Matthew James Donnelly liquidator Four Direct Pty Ltd 21/10/2016 Mackay Goodwin Domenico Alessandro Calabretta liquidator Wunderbar Reo Pty Ltd 20/10/2016 McGrathNicol Robert Michael Kirman administrator Harts Financial Group Pty Ltd 20/10/2016 McGrathNicol Robert Michael Kirman administrator Harts Financial Solutions Pty Ltd 20/10/2016 Ticcidew Insolvency Simon…

Supreme Court: Policyholders’ rights restricted after insurer goes broke – Florida Politics (blog)

State law limits a homeowners rights under a sinkhole policy once the insurer becomes insolvent and the claim goes to the Florida Insurance Guaranty Association, the Florida Supreme Court ruled Thursday. It doesnt matter if the policy was issued before a statute constraining the associations obligation took effect, Justice Charles Canady wrote for a…