Iron Gates hydropower plant. Author: Espino Family. Licence: Creative Commons, Attribution. BUCHAREST (Romania), April 3 (SeeNews) Romanian hydropower producer Hidroelectrica has exited insolvency, paving the way for a long awaited listing on the Bucharest bourse, seen as the biggest in Romania’s history, its judicial administrator Euro Insol said on Monday. The Bucharest Court ruled on…
Five years after the opening Hidroelectricas insolvency procedures, on 30 Marc 2017 the Bucharest Court of Appeal gave the decision no 125 in the case 22456/3/2012, closing definitively the insolvency proceedings of the most important energy producer in Romania. At the opening of procedures, Hidroelectrica had overall losses of over EUR 170 in the 2011-2012…
Karen Millen, founder of the eponymous womenswear chain, has been declared bankrupt by the High Court. It is understood the bankruptcy relates to unpaid taxes. It comes after Millen lost a legal dispute last year over the use of the Karen Millen name. She wanted to use her name on homeware products in China and…
Experts are seeing three Asian countries push for a bigger slice of the insolvency market, taking concrete steps, including reforming national insolvency regimes, to attract more business. The insights come from John Batchelor, FTI Consulting senior managing director in Hong Kong, Maria O’Brien, Baker McKenzie partner in Sydney, and Miles Grant, ANZ Lending Services senior…
By JOHN KAMAUMore by this Author The fate of the Kisumu molasses plant hangs in the balance after a company moved to court to wind up Spectre International Ltd part of the flagship business of opposition chief Raila Odinga. The company is different from Mr Odingas East African Spectre, the liquefied petroleum gas cylinder manufacturer…
Former Ireland and Munster rugby star and Pendulum Summit chief executive Frankie Sheahan has been declared bankrupt, the Sunday Independent reports. The ruling was made last week and comes on the back of loans drawn down from Bank of Ireland. Mr Sheahan had used the loans to buy property as part of his retirement planning…
HOUSTON/CARACAS: Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a government source familiar with the talks told Reuters on Friday. Venezuela’s leftist government has grown increasingly close to Russia’s Vladimir Putin and Rosneft has…
World-famous fashion designer, Karen Millen OBE, has been declared bankrupt. The case for insolvency went before the High Court this week, after she was reportedly unable to pay an outstanding £6m tax bill. The 55-year-old, who lives in Wateringbury near Maidstone, now faces the possibility of losing her £3m mansion and other property. Fashion designer Karen Millen Karen Millen opened…
A senior Sandwell councillor has been declared bankrupt following a near decade-long row with a widow over £30,000 she gave to him and his wife. Councillor Richard Marshall, cabinet member for leisure at Sandwell Council, was alleged to have failed to re-pay the five-figure sum, said to have been given to him as a loan.…
MARTIN VAN BEYNEN/FAIRFAX NZ Dave Henderson is seeking damages after it was found his personal documents were accessed unlawfully. An Official Assignee solicitor unlawfully accessed Christchurch developer Dave Henderson’s personal information, including correspondence with a “well-known” politician about a diet programme. Henderson, a discharged bankrupt who famously battled Inland Revenue in the mid 90s, sued the Attorney-General over…