(Adds details, background) By Jan Schwartz German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the deepening turmoil in a global container industry struggling with an…
KUALA LUMPUR: The Kelantan State Assembly Speaker today declared that the Nenggiri state seat is vacant. According to media reports, the seat was vacant after its incumbent Mat Yusoff Abdul Ghani became a bankrupt. The reports said the matter was confirmed in a letter received by by Datuk Abdullah Ya’kub from the Selangor Insolvency Department…
The UKs Pensions Regulator (TPR) has agreed an arrangement with Hoover to allow the household appliances company to offload its main pension scheme to the countrys lifeboat fund. TPR confirmed this week that it had permitted a regulated apportionment arrangement (RAA) with the UK arm of Hoover as the funding needs of the scheme threatened…
Shutterstock photo (Adds details, background) By Jan SchwartzHAMBURG, Germany, June 1 (Reuters) – German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank [HSH.UL] rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the…
(Adds details, background) By Jan Schwartz HAMBURG, Germany, June 1 German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the deepening turmoil in a global container…
VIKAS DHOOT NEW DELHI, May 30, 2017 00:00 IST Updated: May 30, 2017 04:35 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
Vodacom has been issued with a summons to pay him R2 million allegedly handing OSullivans records to his Radovan Krejcir. Vodacom. Picture: Facebook. JOHANNESBURG Cellphone giant Vodacom says it released the information under a lawfully issued subpoena as it was obliged to do as per the criminal procedure act and it will…
It’s hard to imagine a more meteoric rise than that of Michael King. At the height of the property boom in mid-2007, the former small-time Gold Coast lawyer had broken into the BRW Rich 200 with his ASX-listed MFS investment empire. He had interests across financial services, property, travel, leisure and childcare, which owned household brands…
Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders. The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul…
Vikas Dhoot NEW DELHI, May 29, 2017 21:30 IST Updated: May 29, 2017 21:32 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…