State-owned Guangxi Non-ferrous Metals Group Co. in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept. 12, the company had neither submitted a restructuring plan within six months of the court’s initial ruling, nor…
NANNING — State-owned Guangxi Non-ferrous Metals Group Co in South China’s Guangxi Zhuang autonomous region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept 12, the company had neither submitted a restructuring plan within six months of the court’s initial…
Phil Mulryne is declared bankrupt after swapping his strip for a cassock The 38-year-old earned up to £500,000 a year during his playing days Also dated model Nicola Chapman, star of Real Footballer’s Wives 2005 But after shunning luxury lifestyle he was declared insolvent last week By Thomas Burrows for MailOnline Published: 01:12 +10:00, 23…
15:55 22/09/2016 MOSCOW, September 22 (RAPSI) The Commercial Court of North-West District has set November 7 as the date for considering an appeal lodged by ex-CEO of JFC Group Vladimir Kekhman against a lower courts refusal to recognize his bankruptcy, declared by the High Court of London, valid in Russia, according to court records. On…
Chairman of stockbroking firm BBY Glenn Rosewall wrote to his psychic advisor in 2011 saying he was concerned the company faced insolvency, shortly before $12 million was stripped from clients’ trust accounts. The NSW Supreme Court has been presented emails and text messages between Mr Rosewall and Nevine Rottinger, where Mr Rosewall appeared to…
Firm Appointee/Solicitor Appointed of Company Published Date BRI Ferrier Giovanni Maurizio Carrello liquidator Waybeth Holdings Pty Ltd 21/09/2016 BRI Ferrier Giovanni Maurizio Carrello liquidator Tribute Supermarkets Pty Ltd 21/09/2016 BRI Ferrier Giovanni Maurizio Carrello liquidator Tribute Labour Hire Pty. Ltd. 21/09/2016 BRI Ferrier Giovanni Maurizio Carrello liquidator Tribute Electrical Pty Ltd 21/09/2016 Business & Insolvency…
Bucharests thermal energy distributor RADET filed for insolvency after a decision made by the Bucharest General Council on Wednesday, September 22. RADETs main supplier Electrocentrale Bucuresti (ELCEN) may also file for insolvency on Thursday, September 23. The two state-owned companies have been quarreling over overdue payments in recent years, threatening to stop providing heat to Bucharests…
State-owned Guangxi Non-ferrous Metals Group Co. in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept. 12, the company had neither submitted a restructuring plan within six months of the court’s initial ruling, nor…
Tyler P. Evans In light of a recent swell of bankruptcies in Oklahoma and surrounding areas predominantly triggered by the turbulent energy market directors should fortify their understanding of fiduciary duties owed to companies in times of financial distress. As a general rule, directors are charged with maximizing the value of the company…
Chinas great debt restructuring has begun. According to Caixin News, Guangxi Nonferrous Metals Group Corporation was formally declared bankrupt on 12 September after several years of restructuring. China Debt Situation Gets Worse And Other EMs Start To Struggle At first glance this may appear to be somewhat of a non-event, after all, they have…