Latvia’s metallurgical plant KVV Liepajas metalurgs has unpaid electricity bills, Latvenergo power utility told LETA. The electric company has signed a power supply agreement with KVV Liepajas metalurgs, according to which electricity bills are paid every ten-day period of the month. Latvenergo already earlier has demonstrated understanding when KVV Liepajas metalurgs found it difficult to…
Its been more than 20 years since plans for a single financial services market in Europe first took shape, but progress has been limited, inhibited by national interests and a heterogeneous marketplace, characterised by differing rules and regulations. Figures for cross-border personal financial services show how limited it is. The share of consumers who have…
Zombies are blocking the way for Japanese entrepreneurs. Imagine that you’re a Japanese 26-year-old with big dreams. You graduated from Waseda University, an elite private school, with a degree in electrical engineering. You and your university buddies used to hang around your apartment, watching anime on your LCD television, which was made by Sharp Corp, the…
The financial grief inflicted by plunging oil prices has been laid bare by new research showing a sharp jump in the number of UK oil and gas service companies going insolvent. At least 28 companies declared insolvency in 2015, up from 18 the previous year and just six in 2013, according to Moore Stephens, the…
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 The central bank said in a statement it had withdrawn the licence of the bank, the country’s 40th-biggest out of a total 700.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…