KPMG Baltics, the administrator of the to-be-liquidated Latvijas Krajbanka in January and February 2016 recovered EUR 9.43 million, informs LETA. The administrator recovered EUR 1,359,643 in January and EUR 8,068,755 in February, according to the report of the banks financial situation. In February Latvijas Krajbanka and Ernst & Young Baltic (EY) reached a settlement…
Share Written by Staff Reporter March 18, 2016 Liquidators have been appointed to companies associated with a notorious property spruiker. ASIC announced yesterday that the Federal Court of Australia has made orders appointing liquidators to companies associated with Jamie McIntyre and 21st Century land banking companies. According to ASIC, Simon Alexander Wallace-Smith and Robert Scott…
A MEMORABILIA trader hopes a jacket worn by a rogue banker whose fraudulent deals brought down a major bank could be sold for more than £20,000. Marc McLennan, who runs Sport and Star Autographs, based at Basildons Eastgate Centre, is sounding out potential buyers for the jacket, which was once worn by Nick Leeson. The…
Flint Whistleblower: Health Impact Of DC Water 20-30 Times Worse Than Flint by David Eldridge, InsideSources The Virginia Tech professor credited with sounding the alarm about poisoned water in Flint says the District of Columbias own long-running problems with lead exposure dwarf the crisis in Michigan. One day after appearing before Congress to blast federal…
This 2011 file photo shows workers at the Petaling Jaya factory. KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) will cease its manufacturing operations in the country under an operations restructuring that will see it sourcing tobacco products for the domestic market from other British American Tobacco group factories regionally. The tobacco firm – whose…
Gabrielle Upton says directors need certainty about whether their insurance can fund their costs to defend a claim. Wolter Peeters by Marianna Papadakis NSW Attorney-General Gabrielle Upton has asked the NSW Law Reform Commission to review insurance laws that could prevent directors and officers from accessing their personal liability insurance. Ms Upton said the laws…
Thursday, 17 March 2016 | Staff Reporter View Comments Facebook 5 Google + 1 Linkedin 0 Liquidators have been appointed to companies associated with a notorious property spruiker. In a statement today, ASIC announced that the Federal Court of Australia has made orders appointing liquidators to companies associated with Jamie McIntyre and 21st Century land…
Insolvency rules are not to blame for the CHCH TV restructuring case that has left former employees of the broadcaster without severance pay, according to a Toronto lawyer who says it is instead corporate law policies that should be reviewed in light of that situation. As Canadian Lawyer InHouse reported in December, Channel Zero Inc., the…
Flickr/MorganDoing nothing Dodd-Frank was really meant to prevent bond traders from earning a million dollars. It has been successful, but as an unintended consequence, it has reduced liquidity. Now the SEC is regulating mutual funds even more to address the liquidity problems. If the regulations work, they are declared a success and they write more…
Share this: The former majority shareholder in Bulgarias insolvent Corporate Commercial Bank (CCB), Tsvetan Vassilev, has filed an application to receive Serbian citizenship, public broadcaster Bulgarian National Television (BNT) said on March 16. The report, which came on the day that Vassilev faced a court hearing in Belgrade on the request to extradite him to…