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…
By Liz Jones Diary for The Mail on Sunday Published: 11:02 +11:00, 18 December 2016 | Updated: 11:02 +11:00, 18 December 2016 e-mail View comments In the process of boxing up my belongings, I decided to return to David anything he had given me during our three-year relationship. A framed drawing he had done as…
A partnership between Canadore College and Swiss Space Systems appears to be dead on the launch pad today as reports out of Europe say S3 is bankrupt. Two years ago, then MP Jay Aspin announced funding for a partnership between Canadore Aviation and Swiss Space Systems (S3) as part of a $10 million project that would have seen the development…
A former billionaire who was once one of the richest men in the country has been cleared by a jury after claiming ‘I didn’t mean it in a racist way’. Simon Halabi – once the 12th richest man in Britain before being declared bankrupt in 2010 – was cleared of racially aggravated assault and one…
New Delhi: The government on Friday notified the rules by which companies can go through liquidation under the Insolvency and Bankruptcy Code (IBC), 2016. The regulations for the liquidation process are part of the rules being notified by the Insolvency and Bankruptcy Board of India (IBBI) to implement the code and, in the process, improve…
With all eyes in the contractor sector on IR35 reform, its easy to miss a pledge at Autumn Statement 2016 to develop HMRCs ability to spot emerging insolvency risks, writes Mike Smith, managing director of company turnaround specialists Jameson Smith & Co. The first thing to appreciate when trying to fathom why the Revenue wants…
Published Dec. 16 at 10:52 am The traffic passes by the National Bank of Ukraine (NBU) headquarters in Kyiv. Photo by Kostyantyn Chernichkin Popular on social media The National Bank of Ukraine (NBU) on Dec. 15 declared PJSC Investbank insolvent, since after assigning it to the category of problem the shareholders did not take sufficient…
Swiss Space Systems (S3), a space technology firm whose CEO was violently attacked earlier this year, has been declared bankrupt by a court in the canton of Vaud. S3, based in Payerne in northern Vaud, aims to make space more accessible by creating low-cost, reusable satellite launchers, a development not welcomed by all in the…
THE chief executive officer and executive director of interior design contractor Serrano Ltd has been declared bankrupt by the court. Catalist-listed Serrano said on Friday morning that the court had a bankruptcy order made against Chia Wing Keong after a hearing on Thursday. The proceedings were initiated by Bank of East Asia. Mr Chia has…