230 Companies at Risk of Insolvency This Year, FSS Credit Risk Assessment Reveals – BusinessKorea
230 Companies at Risk of Insolvency This Year, FSS Credit Risk Assessment Reveals BusinessKorea Read the original article here
A&O Shearman counsels Peruvian mining company Volcan on USD765 million debt refinancing
A&O Shearman advised Peruvian mining company Volcan Compañía Minera S.A.A. and its subsidiaries in connection with a comprehensive refinancing plan to improve the company’s liquidity position and capital structure. The transactions involved approximately USD765m in debt and included an exchange offer and consent solicitation of its USD365m 4.375% Senior Notes due 2026 for the newly issued…
NCLAT rejects plea to limit Spaze Towers insolvency to a single project
The National Company Law Appellate Tribunal (NCLAT) on 17th December rejected a plea by the former promoters of real estate developer Spaze Towers, seeking to confine the Corporate Insolvency Resolution Process (CIRP) to a single project, Spaze Arrow. The appellate tribunal upheld the decision of the National Company Law Tribunal (NCLT), which had initiated insolvency…
Lucas Neill declared bankrupt in UK, trustees appointed
Administrators have been appointed after former Socceroos captain Lucas Neill was declared bankrupt in the UK. Neill, who is believed to have earned about $40 million playing in England for 15 years, was declared bankrupt in January. London-based Insolvency experts Begbies Traynor were appointed trustees to the bankruptcy last week. “Mr Neill is due to…
What Happens to a Company’s Stock When It Goes Bankrupt?
When a publicly listed company ceases operations and goes into liquidation, the company’s shareholders may be entitled to a portion of the assets, depending on the type of shares they hold. However, the stock itself is usually worthless. The owners of common stock shares are last in line for a share of the firm’s liquidated assets, so…
Armenian deputy Tigran Stepanyan declared bankrupt based upon plea of VTB Bank (Armenia)
NEWS » Business » Armenian deputy Tigran Stepanyan declared bankrupt based upon plea of VTB Bank (Armenia) In compliance with the order by Armenia’s Court of Cassation from May 29, 2013, Tigran Stepanyan, the deputy of Armenian Parliament from Prosperous Armenia party, is declared bankrupt, VTB Bank (Armenia) reported Thursday. YEREVAN, July 11./ARKA/. In compliance…
KTM's MotoGP Team is Reportedly Safe for 2025 Amid Parent Company's Bankruptcy and Restructuring – Road & Track
KTM’s MotoGP Team is Reportedly Safe for 2025 Amid Parent Company’s Bankruptcy and Restructuring Road & Track Read the original article here
Cricket tour company insolvent for three years before collapse
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
I’m Not Sure I Believe KTM’s Assurances About Its MotoGP Future
There’s a classic scene in the movie The Naked Gun that reminds me of KTM’s current predicament, and accurately sums up my feelings toward the Austrian manufacturer. It shows the film’s lead, Leslie Nielsen, right after chasing the film’s bad guy and watching him careen into a fuel tanker. He’s followed by an ICBM, then followed…
MotoGP, KTM, BREAKING NEWS: In order to reduce costs, the exit of MotoGP, Moto3 and Moto2 is planned in the insolvency hearing report
The insolvency proceedings of KTM AG reached an important milestone with the holding of the first meeting of creditors on Friday. The meeting provided an opportunity to take stock of the company’s situation and to define the next steps in the restructuring. Today was the big day for KTM AG at the regional court in…