Business,Feature,Sri Lanka | Jan 9, 2017 Sri Lanka being a country that applies Rules of Admiralty as per the English Common Law of Admiralty, any claimant having an interest over a ship in any of the following situations that may relate to a possible action against a vessel of a company before an insolvent proceeding,…
Written by Shamik Chakrabarty | Kolkata | Published:January 8, 2017 4:40 am N.Srinivasan The informal meeting of the ousted/disqualified office-bearers of the BCCI and state associations in Bangalore on Saturday turned out to be a show of unity. As reported by this paper, former ICC and BCCI chief N Srinivasan played the lead, with members…
By Margaret Canning Published 07/01/2017 Share 80 jobs at risk as aerospace firm goes into insolvency BelfastTelegraph.co.uk More than 80 jobs are at risk after a Co Londonderry aerospace firm went into administration. http://www.belfasttelegraph.co.uk/business/news/80-jobs-at-risk-as-aerospace-firm-goes-into-insolvency-35347737.html More than 80 jobs are at risk after a Co Londonderry aerospace firm went into administration. Schivo NI, which bought over…
COMMENT: Just about anybody in Perths building industry and plenty of outside observers would have seen the failure late last month of Diploma Group coming. More inevitable than spectacular, the $50 million collapse of the Di Latte family- controlled company and two construction arms has nevertheless had a damaging impact on hundreds of small business…
KOTA KINABALU: The Malaysian Department of Insolvency (MDI) is seeing increases in bankruptcy cases for the past few years. A total of 8,543 active cases were recorded in Kota Kinabalu at the moment, where 688 cases were recorded last year alone. Bankruptcy is a process where a debtor is declared a bankrupt pursuant to an…
Pune-based UB Engineering Ltd (UBEL), part of the Vijay Mallya-led UB group, has filed for insolvency at the National Company Law Tribunal (NCLT). “The company has dues of around Rs 450 crore to five banks. It has moved the NCLT in Mumbai today,” an official familiar with the development told Business Standard. …
CHINA ordered a clampdown Thursday on the mega sums being shelled out on foreign football stars and their salaries after the high-profile signings of Oscar and Carlos Tevez. There has to be action against irrational investment and the government will regulate and restrain high-priced signings and make reasonable restrictions on players high incomes, a state…
Published on Friday, January 6, 2017 A report coming out later this month will show that nearly four in 10 travel companies are now in ‘significant’ financial distress. Data analysed by insolvency firm Begbies Traynor found 2,679 businesses in the travel sector – thought to be made up of around 7,000 companies – were experiencing…
The travel industry is braced for thousands of insolvencies as the sector comes under increasing pressure from terrorism fears and rising costs. According to data from insolvency firm Begbies Traynor, 2,679 businesses in the travel industry are currently experiencing significant distress, a 10 per cent increase compared to the previous quarter and a four per…
Photo by LendingMemo.com, via Flickr Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679…