Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system. The central bank said in a statement that PrivatBank had not fulfilled its recapitalization program and 97…
By Reuters Published: 18:53 +11:00, 19 December 2016 | Updated: 18:53 +11:00, 19 December 2016 e-mail KIEV, Dec 19 (Reuters) – Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats…
The High Court at Christchurch has banned property developer David Henderson from running a company for six years on top of his six-year-long bankruptcy, which is set to be lifted next month. Associate Judge Rob Osborne today ordered a number of restrictions on Henderson’s dealings in a 134-page judgment, which will release the developer from…
ONE Nation senator Rod Culleton stormed out of his bankruptcy case in the Federal Court this morning, claiming two men in the room were breaching a violence restraining order against his wife and creating a “major security breach”. Senator Culleton is representing himself in a bankruptcy hearing involving former Wesfarmers director Dick Lester. He attempted…
Directors of a crashed company have been given the go-ahead to pursue a case for unfair dismissal in a landmark ruling against a business controlled by former health secretary Stephen Dorrell. The tribunal ruling allows employees of an insolvent company to sue a business allegedly born out of the ashes of the one that employed…
By Associated Press Published: 23:48 +11:00, 18 December 2016 | Updated: 23:48 +11:00, 18 December 2016 e-mail NEW YORK (AP) Wake up New York, there’s a whole hidden city out there in the middle of the night, at your service. Even in an era when you can order just about anything you want by smartphone…
Fabrizio Bensch | Reuters German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras leave after a statement at the chancellery in Berlin on Dec. 16, 2016. Greece’s Prime Minister Alexis Tsipras has locked horns with Germany’s Angela Merkel amid an argument about a Christmas bonus payment for poor Greek pensioners in December. On Friday…
AS WE approach the Christmas season, a time when many families are struggling financially, Im supporting The Childrens Society campaign to protect the estimated 12,100 children living in problem debt in Redbridge. Children living in families in problem debt are five times more likely to be unhappy than children in families without debt troubles. Thats…
Durban – Billionaire tenderpreneurs Shauwn and Sbu Mpisane have been declared factually insolvent by the South African Revenue Service (Sars) in a court application for their estate to be sequestrated. The application was launched in the Durban High Court last month, days after Sars was granted an order to preserve the assets of the Mpisanes…
Niall Brady Former Fine Gael Minister for Justice, Equality and Defence, Alan Shatter at the launch of the Insolvency Service Bill in 2013SASKO LAZAROV/ROLLINGNEWS.IE More than a third of personal insolvency practitioners (Pips) have quit the profession when their authorisations expired this year. The high dropout rate comes as three out of six specialist insolvency…