The proposed federal government changes to insolvency that reduce the bankruptcy period from three years to 12 months need to be questioned. It has been argued the shortened default period will have the desired impact on encouraging entrepreneurial activity and reducing the associated stigma of being a bankrupt. While this may indeed allow a bankrupt…
18:02 14/06/2016 MOSCOW, June 14 (RAPSI) The Moscow Commercial Court has declared founder of one of the largest federal chains of real estate agencies in Russia MIEL Group, Grigoriy Kulikov, who stands charged with multi-million embezzlement, bankrupt, RIA Novosti reported on Tuesday. Bankruptcy procedure has been initiated against Kulikov as an individual entrepreneur. Later all…
Madras High Court sets aside orders denying the network a chance to bid due to security clearance issue Chennai, June 14: Sun TV and its group companies can participate in the phase III auctions for FM Radio stations in Chennai, Coimbatore, Tirunelveli and Visakhapatnam. This follows the Madras High Court setting aside orders of the…
Rapid, one of Bucharests top football clubs, has been declared bankrupt through a decision of the Bucharest Court, reports local Prosport. This means that the company that owns the club should be dissolved and its assets sold to repay its debts to creditors. The football club has RON 18 million (some EUR 4 million) debts, more than…
BUCHAREST, Romania (AP) Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpa… Read the full article at: http://www.heraldcourier.com/sports/romania-rapid-bucharest-club-declared-bankrupt/article_69c428b4-e1ab-5280-87ef-1958cab5f613.html
18:02 14/06/2016 MOSCOW, June 14 (RAPSI) The Moscow Commercial Court has declared founder of one of the largest federal chains of real estate agencies in Russia MIEL Group, Grigoriy Kulikov, who stands charged with multi-million embezzlement, bankrupt, RIA Novosti reported on Tuesday. Bankruptcy procedure has been initiated against Kulikov as an individual entrepreneur. Later all…
BUCHAREST, Romania (AP) – Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpaid taxes. Rapid won three league titles, and 13 Romanian Cups, the last one in 2007. It…
BHS has just 10 more days to secure a white knight that could save the chain from disappearing from the high street, a restructuring expert has warned. Opus Business Services Groups Nick Hood, who worked as an administrator for 23 years advising retailers, made the claim in the same week that BHS administrator Duff &…
Nick Rowles-Davies of litigation funder Burford considers the new financing options being explored in insolvency litigation. The UK insolvency space is changing, due to both market and legislative changes. To manage costs more effectively and still fulfill their duties to estate beneficiaries, office holders are increasingly exploring new financing optionsincluding innovative financing structures that…
Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpaid taxes. Rapid won three league titles, and 13 Romanian Cups, the last one in 2007. It reached the UEFA Cup…