The son of former finance minister Daim Zainuddin has been declared bankrupt after failing to repay S$1.65 million in debts that he owed to Maybank Kim Eng Securities. Md Wira Dani Abdul Daim was made bankrupt last week, according to The Straits Times. The daily said Maybank had secured a court ruling against Wira in…
Baku, Azerbaijan, Aug. 17 By Anvar Mammadov Trend: Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17. The message said the decision on the banks…
Romanian travel agency Genius Travel sent a series of contradictory messages to its customers, informing them of its insolvency. On Friday last week, the clients who had acquired tickets from Genius Travel received a text message that the company was insolvent, reports local Profit.ro. The message also informed the clients that they could recover the…
Reboot Illinois/PolitiFact Illinois Release Misleading Fact-Check on Rauner and Trump Posted by Brittany Clingen on Wednesday, August 17, 2016 | Leave a Comment Reboot Illinois, in partnership with PolitiFact, has published a new fact-check and done what elite fact-checkers seem to do best: ignore context surrounding a statement and produce a piece that is sure to mislead…
17 August 2016 17:11 (UTC+04:00) 80 By Nigar Abbasova Two Azerbaijani banks Caucasus Development Bank and Atrabank have been declared bankrupt, Azerbaijan Deposit Insurance Fund (ADIF) reported on August 17. The decision on the bankruptcy was taken by the Baku administrative-economic court 1. ADIF has been appointed a liquidator of the two banks. The Central…
FATHER and son directors have been disqualified for a combined eight and a half years for causing and allowing a company to trade while insolvent being at the risk of HMRC and to the fathers benefit. Robert (63) and Brett Newmark (34) were directors of Rosslyn Hill Limited (trading as Beach Blanket Babylon) and have…
The code provides banks with much-needed muscle to deal with NPA accounts; it enables them to realise the maximum value out of an asset once a firm is declared bankrupt. (PTI) Given the bad-loan crisis that grips the banking sector, the Bankruptcy Code brings greater certainty and speed with regard to filing, processing and…
Zdenk Bakala looks on during the presentation of the Václav Havel Library in March 2011, in Prague | Michal Cizek/AFP via Getty Images Czech politicians follow Poland and Hungary in attacking their liberal elites. By Benjamin Cunningham 8/16/16, 5:35 AM CET Updated 8/16/16, 10:50 AM CET PRAGUE The Czech Republic is gearing up for regional…
NORTHERN Ireland businesses have the second lowest insolvency risk in the UK according to the latest tracker from insolvency and restructuring trade body, R3. Overall, 21 per cent of Northern Irish businesses are considered to have a heightened risk, compared to the UK average of 23.8 per cent. Ten key sectors were scrutinised for the…
The anonymous holder of the Twitter account SATobacco Espionage @EspionageSA signed up on 4 August, describing the accounts intention to expose Industrial Espionage Money Laundering in Tobacco Industry by Corporate Company British American Tobacco. The accounts first post referenced a WikiSpooks entry on notorious apartheid assassin, Craig Williamson, described by @EspionageSA as Handler to the…