Russia pulls plug on ‘VIP’ bank Vneshprombank Moscow (AFP) – Russian authorities on Thursday declared insolvent the large Vneshprombank, which reportedly counts several members of the country’s political elite as clients. The central bank said in a statement it had withdrawn the licence of the bank, the country’s 40th-biggest out of a total 700. Vneshprombank…
Clive Palmers Queensland Nickel knew months in advance it would run out of money by early last month, raising the prospect that it may have been trading while insolvent and potentially exposing the federal MP and his nephew director to being pursued over any debts racked up by the refinery in its final days. Internal…
Minister for Justice and Equality Frances Fitzgerald has announced a new Government-funded scheme to help people who are insolvent and in mortgage arrears to access independent expert financial and legal advice. A number of Government agencies will be involved, including the Money Advice and Budgeting Service (MABS), the Legal Aid Board, the Insolvency Service and…
Financial Poise Webinars and West LegalEdcenter are pleased to announce the February 5th premiere of a new webinar series RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2016,” designed to introduce attorneys and business owners to the basics of what to do when a business is in trouble. Moderator Jonathan Friedland of Sugar Felsenthal Grais & Hammer joins…
Financial Poise Webinars and West LegalEdcenter are pleased to announce the February 5th premiere of a new webinar series “RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2016,” designed to introduce attorneys and business owners to the basics of what to do when a business is in trouble. Moderator Jonathan Friedland of Sugar Felsenthal Grais & Hammer joins…
A number of exotic animals which were previously on display at a Ballymena pet shop have been removed after the owner was declared bankrupt. The animals – which included the likes of alligators, crocodiles and spider monkeys – were anaesthetised and boxed up to be transported to new…
A number of exotic animals which were previously on display at a Ballymena pet shop are set for new homes after the owner was declared bankrupt. The animals – which included the likes of alligators, crocodiles and spider monkeys – will be anaesthetised and boxed up to be…
LAST LOCATION: The final Cosalt office of a long Grimsby legacy, the leased base on Europarc that was closed in 2013. Comments (0) A CONTROVERSIAL businessman, who it has been claimed played a part in the eventual collapse of Grimsby’s once proud Cosalt Plc, has been declared bankrupt. Aberdeen Sheriff Court granted a sequestration order against…
ACCORDING to a report released by the National Bureau of Statistics on January 19, Chinas migrant workers now earn an average of 3,072 yuan (US$470) per month, up 7.2 percent from a year ago. In comparison, Chinas overall economy grew by just 6.9 percent last year, the slowest rate of increase in over two decades.…
Introduction Consolidated code Comment Introduction No single umbrella legislation governs insolvency and bankruptcy proceedings in India. Instead, there is a slew of legislation governing the legal framework, including: the Companies Act 2013; the Sick Industrial Companies (Special Provisions) Act 1985; the Recovery of Debts Due to Banks and Financial Institutions Act 1993; …