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)…
ZIMBABWE Power Company (ZPC) bosses are stepping up efforts to cancel convicted fraudster Wicknell Chivayos murky multi-million-dollar energy deals which have caused uproar at the company and in public, it has emerged. By Elias Mambo President Robert Mugabe (left) with ex-convict and controversial businessman Wicknell Chivayo. The power-generating firm also wants to cancel the US$5…
KREM Idaho Club. Idaho Club. less SANDPOINT, Idaho The formally privately owned Idaho Club is once again opening up to the public. Its awesome to see golfers out here, said head pro Randi Fischer. The saga of the Jack Nicklaus-designed course is a long one. The old clubhouse burned down in 2008. The courses old…
The judicial administrator of Hiroelectrica, Remus Borza, says that the energy company might exit insolvency June 8, when the next term of litigation at the Bucharest Court is scheduled. Borza stated: I didnt come thinking that I would get retired from Hidroelectrica, altough it would have been an honor, obviously. () so on June 8,…
A junior oil and gas company in Calgary is blaming an order aimed at protecting a rare Prairie bird for its insolvency. LGX Oil + Gas says its daily operations and drilling plans were significantly disrupted when an emergency order under the federal Species at Risk Act took effect in February 2014 that protects the…
NRL CEO Todd Greenberg says players will be banned for life if match fixing allegations are proven correct. COLOURFUL racing identity Eddie Hayson has had a long and chequered history with betting agencies and NRL players. Hayson, the former owner of brothel Stiletto before being declared insolvent with $52 million in debts, is one of…
EXCLUSIVE Video will begin in 5 seconds. More video Recommended Replay video NSW Police looking at NRL match-fixing claims The NSW Organised Crime Squad are in the early stages of investigating two NRL matches after claims of match-fixing emerged. PT0M39S 620 349 Controversial gambler and former brothel owner Eddie Hayson is embroiled in a NSW police…
And a scheme to fund the cost of a consultation with a personal insolvency practitioner has also been put in place, the Irish Independent has learned. In what is set to be a three-pronged support scheme for distressed homeowners, Tánaiste and Justice Minister Frances Fitzgerald will also announce financial supports for homeowners who want to…
Former West Ham captain Lucas Neill has been declared bankrupt in the UK. The 95-cap Australian international earned a reported 40million AUD (£20million) during his playing career, which also included spells at the likes of Millwall, Blackburn Rovers, Everton and Galatasaray. According to a Daily Telegraph report in Australia, Neill, 38, had been involved in…
New 90-day moratorium for failing businesses will seriously impact creditors, CICM warns The move to a new model similar to Chapter 11 for UK businesses heading towards insolvency could have serious consequences for creditors, cashflow and thousands of small businesses within the supply chain. And while new Government proposals do not seek to…