A Russian arbitration court in Kurgan in the south Urals has ruled that there are no legal grounds for having Kurganmashzavod, Russia’s sole producer of infantry fighting vehicles, declared bankrupt. Kurganmashzavod is a subsidiary of Russia’s Tractor Plants Group. “The court has taken into account the law on bankruptcy that establishes a special procedure for…
FSA Group is investing heavily in anticipation of growth and the risks are manageable. Want to access this article for free? Sign up for a FREE 15 day trial, no credit card required SIGN UP FOR FREE The problem with FSA Group isnt that net profit fell 17% to $5.8m in the six months to…
The godfather of independent film, and mentor to legions of greats from Francis Ford Coppola to James Cameron, alleges he’s owed $170 million in litigation against a financial planner who claims he’s “not the black [Bernie] Madoff.” This story first appeared in the March 4 issue of The Hollywood Reporter magazine. To receive the magazine,…
The Dick Smith Holdings collapse is about to get ugly with National Australia Bank and HSBC having good reason to explore action against the six former directors of the company and its auditor, Deloitte. Receiver, James Stewart from Ferrier Hodgson, says there will be a “significant” shortfall on the $140 million secured debt owed to…
The court held that if the applicant company did not manage to satisfy the requisites which it itself quoted as being Article 214(2)(a)(ii) it could not turn to another ground for liquidation I… Read the full article at: http://www.maltatoday.com.mt/business/law_report/62477/court_must_limit_itself_to_the_ground_for_liquidation_proposed_by_the_plaintiff
Miners in Western Romania fear they will lose their jobs | Photo: GlasulHd.ro Around 50 coal miners on Wednesday, for the third consecutive day, continued their underground protest against government plans to restructure the state-owned energy company, Complexul Energetic Hunedoara, CEH, which was declared insolvent in January. Hundreds of coal miners at the Vulcan…
A farmer channels water to irrigate his wheat field on the outskirts of Ahmedabad, India, December 15, 2015. Reuters/Amit Dave/Files MUMBAI (Thomson Reuters Foundation) – Indian government action to increase spending on irrigation and crop insurance is not enough to end a cycle of indebtedness that has led to thousands of farmer suicides, and a…
Share this: A Belgrade court postponed to March 16 the hearing of an extradition request, lodged by Bulgaria against Tsvetan Vassilev, former majority shareholder in the insolvent Corporate Commercial Bank (CCB), Bulgarian National Television reported on February 24. The delay comes after Vassilevs lawyer filed a doctors note saying that Vassilev had flu and was…
A new piece of fantasy sports legislation has surfaced in New York, signaling that the state appears to be ready to get serious about regulating daily fantasy sports. New York, of course, is one of the hotbeds for the legal status of daily fantasy sports, as DraftKings and FanDuel are currently engaged in a court battle…
Woolworths’ US partner Lowe’s has written down the value of its stake in Masters by $US530 million. Photo: David Mariuz US retailer Lowe’s has set the scene for legal action against Woolworths after writing down the value of its 33 per cent stake in their home improvement joint venture by $US530 million ($737 million). Lowe’s booked a $US530…