Some 60,000 people are expected to declare their personal insolvency in Bucharest alone each year, according to estimates by the Bucharest Court, cited by local Profit.ro. The court has asked for more employees arguing that the judges will have to solve some 1.8 million cases of personal insolvency, representing appeals and other procedures related to…
With Opa-lockas finances nearly drained and its government facing a state takeover, local officials acted swiftly to hire the man they said could help the city survive: former finance chief Ezekial Orji. They gave him an office at City Hall, a computer and a cadre of workers to help root out serious breakdowns in the…
2016-06-14T11:48+02:00 11:48 14.06.2016 KYIV. June 14 (Interfax-Ukraine) Representatives of some nongovernmental organizations in the healthcare sphere have said that consequent and systemic steps in reforming the healthcare system are required. “A single healthcare concept has not been drawn up in the past year. All proposed reforms do not meet the articles of the Constitution and…
15:35 03/06/2016 MOSCOW, June 3 (RAPSI) The Moscow Commercial Court has declared Yaposhka City company, the operator of Yaposha restaurants, bankrupt, RAPSI reported from the courtroom on Friday. On January 29, the court introduced a monitoring procedure at the company upon the request of Trust Bank. Yaposhka City owes over 1.6 billion rubles ($24 million)…
The company wouldve been forced to turn over its assets to the wrestler to stay his $140 million judgment, so it petitioned the courts for emergency protection. In what is either an interim victory for Gawker hater and Silicon Valley billionaire Peter Thiel or a prudent maneuver by Gawker Media founder Nick Denton, the online…
The Latvian state-owned power utility Latvenergo is not going to file for insolvency of financially troubled KVV Liepajas Metalurgs steel maker, Latvian Economics Minister Arvils Aseradens said, answering questions from lawmakers about the situation with KVV Liepajas Metalurgs. Although the government representatives said earlier that they hoped one of the unsecured creditors would file an insolvency claim…
Romanian largest power producer Hidroelectrica recorded a turnover of EUR 286 million in the first five months of the year, down 18% year-on-year, and a net profit of over EUR 124 million, down 12% year-on-year. The Bucharest Court should have made a decision yesterday on the companys exit from insolvency, but the deadline was postponed…
Racing driver Dominic Chappell bought BHS for £1 from Sir Philip Green But retailer collapsed and he claims Sir Philip could have helped save it He says Green blocked the sale of BHS to Sports Direct owner Mike Ashley He told MPs: ‘Sir Philip Green was screaming down the phone, saying he didnt want to…
A number of lawyers have called for reform to the insolvency regime in Australia, but the most desirable model has divided opinion. The Australian insolvency regime has come under close government scrutiny in recent years, with the Productivity Commission delivering its Business Set, Transfer and Closure report in December 2015 and then the commonwealth government…
Former CEO Darren Topp tells MPs that Dominic Chappell twice threatened to kill him He says he feared for his life after challenging Chappell over missing £1.5m Chappell ‘duped’ BHS by funneling £7m from office sales to his private firm He bought BHS for £1 from Sir Philip Green but retailer collapsed last week But…