Abengoa SA, the Spanish renewable-energy company scrambling to avoid bankruptcy, reported a 1.2 billion-euro ($1.3 billion) loss for 2015 after its business was revalued amid a financial restructuring process. The Seville-based company shifted to a loss after posting net income of 125.3 million euros the previous year, according to a regulatory filing Monday. The loss…
A St. John’s financial consultant who helps people cope with unmanageable debt says a spike in the number of personal insolvencies in oil-producing provinces is a sign of the times. “We’re talking about almost 2,000 filings a year and, for a small province such as Newfoundland, [that’s] a pretty big number. It’s not insignificant,” said Sean Stack,…
CHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) — Professor Jason Kilborn from The John Marshall Law School in Chicago has been asked to join the prestigious International Insolvency Institute, an invitation-only organization of leading bankruptcy and restructuring professionals. Over the past decade, Kilborn has focused his academic research on a comparison of bankruptcy and insolvency in…
Insolvency law specialist Nick Pike of Pinsent Masons, the law firm behind Out-Law.com, said that in most situations business-related IP stored on electronic devices used by staff for work purposes will belong to the company. He said it is common for administrators to look to “secure and preserve” that IP when they are appointed following…
Gary R. Leistico of the Rinke Noonan firm on Feb. 15 notified the Ninth Judicial District Court that he withdrew from the Anderson Seed case. Leistico was the point of contact for the Andersons since their facilities went insolvent, creating millions in claims by farmers and elevators in South Dakota and North Dakota. Leistico led…
A company that illegally sold on personal information and plagued members of the public with more than 46m automated nuisance calls relating to Payment Protection Insurance (PPI) mis-selling claims has received a record £350,000 fine. The Information Commissioners Office (ICO), the governments data protection regulator, handed out the largest fine in its history to Prodial,…
FIREBRAND politician George Galloway’s company Miranda Media has gone into compulsory liquidation with tax debts of £100,000. The London mayoral hopeful who founded the company in 2007, used the firm to process his earnings from London-based Iranian state TV channel, Press TV. Nick Nicholson, head of insolvency at Haslers, the Loughton-based accountancy outfit, who specialises…
CALGARY, ALBERTA–(Marketwired – Feb. 29, 2016) – MNP LTD. will acquire PwC Debt Solutions, the Atlantic Canada Personal Insolvency practice of PwC Canada (PricewaterhouseCoopers LLP) effective March 1, 2016. The Personal Insolvency practice of PwC in Atlantic Canada consists of 35 professionals and support staff located throughout 31 offices in Nova Scotia, New Brunswick, Prince…
VICTORIAN Mallee grain grower Trudy Ryan says a desire to create a viable grains industry for young people is behind her fight for improved security for farmers when writing grain sale contracts. As part of that she is looking at potential solutions such as insurance programs and trusts to stop the problem of non-payment in…
VICTORIAN Mallee grain grower Trudy Ryan says a desire to create a viable grains industry for young people is behind her fight for improved security for farmers when writing grain sale contracts. As part of that she is looking at potential solutions such as insurance programs and trusts to stop the problem of non-payment in…