Harlequin Property SVG has formally entered insolvency proceedings, which could lead to its liquidation and heavy losses for thousands of investors. According to Harlequin, it has taken the action to allow the company a maximum of six months to work with a professional trustee to assist it to sort out its business affairs, and does…
Kim’s bodyguard was at a Paris nightclub when she was robbed on Monday Reality star, 35, was asleep in Paris suite alone when five gunman burst in Mum-of-two begged for her life as she was bound and gagged Pascal Duvier, 43, has been widely criticised for not protecting her against robbery MailOnline has revealed how…
Pascal Duvier lodged claim for company insolvency in hometown of Heidelberg, Germany, on July 22 Claim relates to Duvier’s ProtectSecurity firm, which has racked up total debts of 1,093,518 Father-of-two Duvier has run the firm for 19 years and boasted of running security for a host of stars But lawyer tells MailOnline: ‘There is so…
Oct 6 Azerbaijan’s mid-sized lender Bank Standard has been declared bankrupt, the Azeri Deposit Insurance Fund said on Thursday. The bank’s license was revoked from Oct. 1 and the fund operated as its liquidator. The fund received 460 million manats ($288 million) in state credits from the central bank on Tuesday in order to give…
Baku, Azerbaijan, Oct. 6 By Anvar Mammadov Trend: Azerbaijans Bank Standard JSC has been declared bankrupt according to the decision, dated Oct. 4, 2016, of the countrys Baku Administrative-Economical Court No1, said the Azerbaijan Deposit Insurance Fund (ADIF) in a message posted on its website Oct. 6. The message said that ADIF has been appointed…
Guidance on where people in the region with money problems should look for sound financial advice is being launched by the North East branch of insolvency trade body R3. The new guide has been published by R3 in response to reports of increasing numbers of unregulated or unlicensed advisors targeting financially distressed individuals by claiming to…
Reports suggest Pascal Duviers company recently filed for bankruptcy (Picture: FameFlynet) A new report has suggested that Kim Kardashians bodyguard Pascal Duvier filed for bankruptcy for his security company ten weeks ago with debts of over 1m. According to Mail Online, the 43-year-old lodged a claim for insolvency for his company ProtectSecurity which has provided security…
* European corporate bankruptcies higher than pre-crisis * EU wants early warning alerts to prevent bankruptcies * Companies to receive support for early restructuring By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s draft proposal to cut the region’s…
New South Wales is debt free, the Government has said, but the Opposition has questioned its budget priorities. New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was $4.7 billion – more than $1 billion larger than predicted in the June budget. General government sector net debt fell…
* European corporate bankruptcies higher than pre-crisis * EU wants early warning alerts to prevent bankruptcies * Companies to receive support for early restructuring (adds comment from EBA’s Enria, details) By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s…