A group of Relativity Medias unsecured creditors have filed a proposed settlement that involves claims to several movies including Bridesmaids and Fast And Furious 6. The settlement proposal was filed late Friday in U.S. Bankruptcy Court for the Southern District of New York. You can read the documents here and here. The dispute involved the pre-bankruptcy transfer…
Comments AA Hugh Stephens is a senior fellow at the Asia Pacific Foundation of Canada, and an associate faculty member in the school of business at Royal Roads University in Victoria. Yves Tiberghien is director of the University of British Columbias Institute of Asian Research and a senior fellow at the Asia Pacific Foundation of…
The national carrier of Estonia has been formally declared bankrupt, following a European Commission (EC) decision that it received illegal government aid. The Baltic states airline closed its doors on Nov. 8, following the EC decision the previous day. This made it liable to repay 85 million ($92 million) it had received in state aid.…
Share this: Bulgarias Commission for Protection of Competition (CPC) has approved the sale of Bulgarian telecom firm Vivacom, one of the countrys three major carriers. The regulators decision was taken on December 22 2015, but the text of the ruling was not posted until January 8. Vivacom was put for sale after its parent company,…
Image: AAP/Mick Tsikas Those looking for the detail on insolvency changes announced in the Federal Governments long awaited innovation statement wont find it on the government website. But the Productivity Commissions report, Business set-up, Transfer and Closure, also released yesterday, acts as a companion piece to explain the Federal Governments intention to introduce significant changes to Australias…
More than 100,000 businesses were owed money by companies and individuals that became insolvent during 2015, according to insolvency trade body R3. In total, around 113,000 businesses, the equivalent to 6% of all businesses in the UK were creditors in an insolvency procedure. Medium-sized businesses those employing 51-250 people were most likely to have been…
Businessman Kevin McConnon, joint owner with his wife, Yvonne, of McConnon Meats Ltd, was yesterday granted a 40-day extension to a High Court order protecting him from any action by creditors pending negotiation of a personal insolvency arrangement. Barrister Keith Farry, counsel for Mr McConnon told Mr Justice Robert Eagar that a 70-day protective certificate…
Jan 6 Macintosh Retail Group NV : * Hoogenbosch Retail Group BV and subsidiaries declared bankrupt by the court in Limburg * Suspension of payment for Scapino has been granted Source text for Eikon: Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN14P04520160106
More than 100,000 businesses in the UK were owed money from insolvent companies and individuals in 2015 Approximately 6% of all UK businesses, or 113,000 in total, were creditors in an insolvency procedure in last year, according to research by insolvency trade body R3. Phillip Sykes, R3 president Growing businesses encounter two classic problems:…
V.Ö. Travel, the tour operator launched two years ago by veteran Turkey tourism entrepreneur Vural Öger, has declared insolvency and stopped trading. The loss-making company remained behind its targets this year and bookings for 2016 have also started badly, owner Vural Öger told fvw. In addition, Öger was impacted by 16 million worth of debts…