A controversial businessman behind the collapsed Signature Group of property companies has been given a director ban for the next five years. Lawrence Kenwright was the founder of almost 100 companies, which owned a number of hotels, including the football theme Shankly and Dixie Dean. He was also director of Signature Works Gold Limited, which…
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The Bucharest Court rejected on Tuesday the request by the Bucharest Transport Company (STB) to enter insolvency. The reason is procedural: the company did not submit all the documents required by law. General Mayor Ciprian Ciucu expressed surprise at the decision and stated that, according to the STB management, the file had been verified multiple…
Lawrence Kenwright has been banned from being a company director. Kenwright founded the Signature Group which operated a chain of hotels including ones affiliated with the families of Bill Shankly and Dixie Dean. But the Liverpool businessman was struck off after allowing one of his companies to mislead investors who suffered £4.8 million in losses.…
As land prices climb in Mumbai, Delhi-NCR and Bengaluru, small and mid-sized developers are increasingly bidding for insolvent real estate companies through the NCLT process, treating distressed portfolios as an alternative route to land and project access. Land acquisition has long been the single biggest constraint for real estate developers operating in India’s major cities.…
As land prices climb in Mumbai, Delhi-NCR and Bengaluru, small and mid-sized developers are increasingly bidding for insolvent real estate companies through the NCLT process, treating distressed portfolios as an alternative route to land and project access. Land acquisition has long been the single biggest constraint for real estate developers operating in India’s major cities.…
Mumbai: Several small and mid-sized real-estate developers are increasingly looking to the bankruptcy courts to acquire distressed property companies, seeking an alternative to buying increasingly expensive land in major cities. Developers that once competed for land parcels or redevelopment mandates are now bidding for companies, which come with projects, development rights, and, in some cases,…
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In the humid heat of the Crownpoint greenhouse, Latasha Chiquito made her rounds for the day, measuring the water conditions in each of the tanks and logging her findings in a notebook before making adjustments. Later, with her 18-year-old daughter tagging along,…