The Insolvency and Bankruptcy Board of India (IBBI) has given recognition to two insolvency professional entities. IRR Insolvency Professionals Pvt Ltd and AAA Insolvency Professionals LLP have been recognised by the IBBI, an official release said today. IBBI has been set up under the Insolvency and Bankruptcy Code — that provides a…
India improved its ease of doing business ranking last year — moving up from 131 to 130 in a list of 190 countries — by reducing the average time taken to start an enterprise and secure a permanent electricity connection, according to 2016 World Bank data. However, an IndiaSpend analysis of these data shows that…
South African law has different types of matrimonial property systems; marriages in community of property, marriages out of community of property, which are subject to the accrual system, and marriages out of community of property, excluding accrual. The most popular one of the systems is being married in community of property. However, although there are…
Alan McIntosh Homeowners and creditors in Scottish bankruptcies, from the 3rd of April 2017, will pay substantially more when a home is sold by the Accountant in Bankruptcy (AIB) in a sequestration, writes Alan McIntosh. The massive fee hikes, being proposed by the Bankruptcy Fees (Scotland) Regulations 2017, will see the AIB increase their fees…
(MENAFN Editorial) Avoid the risk that your gift voucher becomes worthless if a retailer goes into insolvency A radical new way to gift money, free from the risk of retailer insolvency, has been launched in the UK. LoveFromMe is a personalised gift card scheme which can be redeemed anywhere in the World that accepts MasterCard.…
South African law has different types of matrimonial property systems; marriages in community of property, marriages out of community of property, which are subject to the accrual system, and marriages out of community of property, excluding accrual. The most popular one of the systems is being married in community of property. However, although there are…
By Reuters Published: 18:40 +11:00, 6 March 2017 | Updated: 18:40 +11:00, 6 March 2017 e-mail SOFIA, March 6 (Reuters) – These are some of the main stories in Bulgarian newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy. — Bulgarian environmental organisations plan protests over the interim…
MUMBAI: Indian banks and companies have filed claims worth Rs 4,089 crore in the past three months under the Insolvency and Bankruptcy Code, which seeks to ensure time-bound settlement of insolvency. The code that came into effect in December has given the lenders a new tool to counter the problem of rising non-performing assets (NPAs),…
One of three companies taken to court by the government over unpaid ground rent for the Casino di Venezia site in Vittoriosa has been declared bankrupt by a court and is to be liquidated. The company, Vittoriosa Gaming Ltd (VGL) also owns all the shares in another of the companies that are…
‘they just dont care’ Stephen Kinsella lost his security business and a job as a truck driver in 2008 when the recession hit A MAN who owed 500,000 in loans has said he understands how some people are pushed to suicide by the banks. Stephen Kinsella, 46, lost his security business and a job as…