Phillip Chiyangwa Philip Chiyangwa NAFAZ presidentI CONTEND that Section 3 of the Insolvency Act is applicable to the Applicant and that the application is properly before the (High) Court. It must be noted right from the onset that the situation Applicant is grappling with is one of insolvency. It is one relating to the soundness…
Romanias largest state-owned electricity producer Hidroelectrica exited insolvency after four years, the Bucharest Court decided yesterday. The court postponed twice the decision on Hidroelectricas insolvency exit due to legal actions by the companys former clients. The producer entered insolvency in June 2012 due to a weakening financial situation caused by the unfavorable contracts with various…
Hillary Clinton mocked Donald Trumps business failings in a major speech arguing that the presumptive Republican nominee would be disastrous for the economy. “Hes written a lot of books about business. They all seem to end at Chapter 11,” Clinton quipped, adding. “He bankrupted his companies not once, not twice, but four times.” We rated…
State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…
State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…
An insolvency claim has been filed against financially troubled KVV Liepajas Metalurgs metallurgical company with the court in Liepaja, south-western Latvia, reports LETA, according to the information published on the website of the Insolvency Administration. The insolvency claim had been filed by G4S Latvia security company, and the insolvency proceeding was opened on June 17.…
A HEREFORD businessman has been declared bankrupt. Stuart Blake was described as a recruitment consultant in the bankruptcy order published by The Gazette – the official public record. The 52-year-old is currently listed on the Herefordshire Recruitment company website as one of the King Street firm’s consultants. The website states that Mr Blake, who is…
A HEREFORD businessman has been declared bankrupt. Stuart Blake was described as a recruitment consultant in the bankruptcy order published by The Gazette – the official public record. The 52-year-old is currently listed on the Herefordshire Recruitment company website as one of the King Street firm’s consultants. The website states that Mr Blake, who is…
A HEREFORD businessman has been declared bankrupt. Stuart Blake was described as a recruitment consultant in the bankruptcy order published by The Gazette – the official public record. The 52-year-old is currently listed on the Herefordshire Recruitment company website as one of the King Street firm’s consultants. The website states that Mr Blake, who is…
KPMG Baltics, the administrator of the to-be-liquidated Latvijas Krajbanka, recovered EUR 683,500 in May 2016, which is twice as much a month before, informs LETA, according to a report published in the official gazette Latvijas Vestnesis. In May 2016, EUR 682,100 were recovered from the loans made by the bank and EUR 1,400 were recovered by selling…