Bongard, a German family-owned producer of equipment for the cable industry, wants to buy the production lines of the Romanian power and fiber optic cable producer Romcab, which went into insolvency in 2017, Profit.ro reported. Bongard has submitted an offer for the assets. Romcab turned to the LXM investment fund to analyze the companys situation…
GOLD tycoon James Stunt was branded “appalling” by a judge as he was declared bankrupt despite promising to sell off some multimillion pound artworks. A court heard the 37-year-old playboy, who once bragged about having 200 luxury cars, was unable to pay off his massive debts totalling millions of pounds. 4 James Stunt has been…
Sir Philip Greens Arcadia Group could take up to two weeks to win over landlords who spurned a planned rescue restructure and stave off the collapse of the business, which employs 18,000 people. The group, which agreed a week-long adjournment of a vote on its rescue plan on Wednesday, is allowed to delay for up…
Ian Wardle (70), of Bolton, was the CEO and de facto director of the Lifeline Project, a registered charity employing 1,300 employees across 90 sites throughout the country. Incorporated in 1984, the charity provided drug and alcohol rehabilitation services to over 80,000 people across England and Scotland, including a number of prisoners. The charity, however,…
Dutch cryptocurrency exchange Blockport declared bankrupt, goes into stealth mode Blockport, an Amsterdam-based cryptocurrency exchange, has been declared bankrupt shortly after its security token offering (STO) failed to hit the soft cap of 1 million (around $1.13 million), The Next Web reported citing the companys bankruptcy records. The records show that exchange operator Blockport BV…
A deadline for bids for the stricken British Steel has been pushed back to the end of the month to allow prospective buyers more time to prepare offers, according to people briefed on the matter. The official receiver overseeing the liquidation of the UKs second-largest steelmaker had originally called for bids to be made by…
A US bankruptcy court has given former Heinz chief executive, Sir Anthony OReilly, and his former personal nurse, Sabina Vidunas, until next Tuesday June 11th to come up with a way forward through mediation, in proceedings taken by Sir Anthony to have his Bahamas insolvency recognised in the US. Sir Anthony, who was declared bankrupt…
State-owned lender Bank of Baroda (BoB) has declared Vijay Goverdhandas Kalantri, chairman and managing director of Dighi Port, as a “wilful defaulter” for not repaying his loans, suggested media report. The leading industrialist Vijay Goverdhandas Kalantri and his son Vishal Kalantri, director of Dighi Port, owe nearly Rs 3,334 crore to a consortium of 16…
Israel Postal Company branch in Jerusalem 390 (R). (photo credit: Ronen Zvulun / Reuters) X Dear Reader, As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways…
Blockport, a cryptocurrency exchange based in the Netherlands, has been been forced to close due to lack of operating capital, but its vowed to return. According to a filingreported by The Next Web, the official operating entity, Blockport BV, was declared bankrupt in a court in Amsterdam on May 21. The platform ceased services at…