Local banks representatives have asked authorities to speed up the personal insolvency laws enforcement. In December 2015, the authorities have decided to postpone the laws enforcement for a year. The banks have also asked the authorities not to rush the voting and implementation of the new law on mortgage loans, which is now…
10:50 19/02/2016 MOSCOW, February 19 (RAPSI) The Commercial Court of Primorsky Krai has declared Viktor Grebnev, former chief executive of TMK (Pacific Bridge Building Company), a contractor in the Vostochny Cosmodrome project, bankrupt, RIA Novosti reported on Friday. Bankruptcy procedure was initiated by Sberbank in November 2015. Viktor Grebnev is currently placed under house arrest.…
Moodys has given troubled Spanish renewable energy group Abengoa a small but much needed vote of confidence at a crucial stage in its fight for survival, saying its underlying operating business is still viable although the ratings agency also acknowledges that the company could still end up insolvent. Abengoa spelled out earlier this week that…
PICTURE: THINKSTOCK When a court awards costs against liquidators de bonis propriis out of their own pockets you know its a judgment worth reading: what had they done to earn such a serious rebuke? Most recently, liquidators OA Noordman and SM Rampoporo were on the receiving end. They had asked that Jopie de Bruin, former…
INDIANAPOLIS–(BUSINESS WIRE)–Anthem, Inc. (NYSE: ANTM) today announced that its Board of Directors authorized an increase of 4 percent in the Companys shareholder dividend and declared a $0.65 per share dividend for the first quarter of 2016. This quarterly rate represents an annualized dividend of $2.60 per share, which equates to a yield of approximately 2.0…
In defence of CVAs and pre-packs: The UK’s insolvency regime might not be perfect, but it does minimise creditors’ losses and protects staff more than alternatives | City A.M. Trending topics Read the full article at: http://www.cityam.com/234984/in-defence-of-cvas-and-pre-packs-the-uks-insolvency-regime-might-not-be-perfect-but-it-does-minimise-creditors-losses-and-protects-staff-more-than-alternatives
10:50 19/02/2016 MOSCOW, February 19 (RAPSI) The Commercial Court of Primorsky Krai has declared Viktor Grebnev, former chief executive of TMK (Pacific Bridge Building Company), a contractor in the Vostochny Cosmodrome project, bankrupt, RIA Novosti reported on Friday. Bankruptcy procedure was initiated by Sberbank in November 2015. Viktor Grebnev is currently placed under house arrest.…
To qualify for the National Hardship Register, you need to meet with a financial counsellor. Photo: Supplied For people who have no way of repaying their debts there is now a way to stop debt collectors calling and to have the debts waived. Debt collectors and financial counsellors have created a register for those who…
Two former directors of a holiday tour operator have been disqualified from acting as company directors for a combined 14 years after failing to ensure that £207,055 raised under commercial participation agreements was paid to five charities. Simon Smith, 43, and Nicholas Capsey, 40, were both directors at Global Enduro Ltd, a travel company that…
Robert Porters conviction follows an initial investigation by the Insolvency Service and a full criminal investigation and prosecution by the Department for Business Innovation and Skills (BIS). His wife, Kelly Porter, received a sentence of 150 hours unpaid work and a directors disqualification order of one years duration following a hearing at Reading Magistrates Court.…