New data released by Vision-Net.ie shows that this August saw an average of just under two companies being declared insolvent each day – down slightly on the previous August when 70 companies ceased trading. The professional services sector was hardest hit this August and accounted for 14 (23%) of the insolvencies recorded. The construction sector…
Nigeria: Restructuring & Insolvency Practice Area Review 2016 September 2016 By Etigwe Uwa, Streamsowers & Köhn In legal parlance, restructuring of a corporate entity is effected upon a declaration of insolvency or to avert insolvency or in some cases for the expansion of the business base of such organisation. In the case of statutory…
China is hoping to find a recipe to revive global economic growth when it hosts its first G20 summit this Sunday, but challenges are mounting in the form of domestic problems and regional tensions, with this weeks suicide car bombing at the Chinese embassy in Kyrgyzstan only adding to them. Around 40 world leaders are…
A woman passes by PrivatBank office in Kyiv. Photo by Anastasia Vlasova Investment in fixed assets rises to 9.6 percent Ukraine saw a rise in fixed asset investment during the first half of the year, recording a leap to 9.6 percent growth for the first six months of 2016. his follows a relatively tepid 0.7…
A woman passes by PrivatBank office in Kyiv. Photo by Anastasia Vlasova Investment in fixed assets rises to 9.6 percent Ukraine saw a rise in fixed asset investment during the first half of the year, recording a leap to 9.6 percent growth for the first six months of 2016. his follows a relatively tepid 0.7…
Durban – A Durban businessman has accused the trustee of a relatives insolvent estate of acting dishonestly and unethically by apparently choosing to keep the R85 000 he deposited to buy their Newlands West property after they were declared insolvent. This allegation was contained in an urgent application before Judge Themba Sishi on Monday. File…
Durban – A businessman has accused the trustee of a relatives insolvent estate of acting dishonestly and unethically by apparently choosing to keep the R85 000 he deposited to buy their Newlands West property after they were declared insolvent. This allegation was contained in an urgent application before Judge Themba Sishi on Monday. However, Rakesh…
Scott Murray of Keenan Corporate Finance A food company based in England has confirmed it has placed its Northern Ireland operation in administration, putting 75 jobs at risk. Adelie Foods said it had appointed administrators to the former Bite Group in Enniskillen in order to focus on building its “core, mainland UK business”. Share Go…
Aug. 30, 2016 7:15 p.m. ET Even as Aubrey McClendon grappled with collapsing crude prices in the months before his unexpected death in March, the energy titan mortgaged his familys marquee asseta stake in the Oklahoma City Thunder basketball teamto make one more deal. Now, that investment has paid off, with a small energy producer…
A LEADING proponent of the personal property security register (PPSR) and purchase money security interests (PMSIs) as means of managing counterparty risk in the grains industry has defended the products from claims they are not worth the effort. Chris Heinjus, director with South Australian-based agribusiness Rural Directions, said using the government-backed mechanism would at very…