File photo of dissident Kazakh oligarch Mukhtar Ablyazov in Almaty Thomson Reuters PARIS (Reuters) – France’s highest administrative court on Friday canceled an extradition order to send jailed Kazakh tycoon Mukhtar Ablyazov to Russia on the grounds that the request was made for political reasons. Ablyazov, who was arrested in France in 2013, is accused…
SCOTTISH Green Party MSP Andy Wightman last night confirmed he has been told by lawyers that he is to be sued for defamation with £750,000 damages sought. The National can reveal the claims relate to posts on his popular personal blog www.andywightman.com, and the MSP and author a long-term campaigner on land and property issues…
PARIS (Reuters) Frances highest administrative court on Friday cancelled an extradition order to send jailed Kazakh tycoon Mukhtar Ablyazov to Russia on the grounds that the request was made for political reasons. Ablyazov, who was arrested in France in 2013, is accused of embezzling up to $6 billion (£4.7 billion) from his former bank BTA.…
KUALA LUMPUR (Dec 9): Perisai Petroleum Teknologi Bhd, which declared it was insolvent in October after failing to meet bond obligations, is in dispute with its shareholder Emas Offshore Ltd (EOL) over the disposal of a 51% stake in SJR Marine (L) Ltd to EOL. Through several bourse filings today, Perisai said it has the…
Zurich-based ATC communications business Schmid Telecom AG has been declared bankrupt after the administrator appointed as part of ongoing insolvency proceedings suspected its owner Peter Schmid of siphoning off money meant for the ailing business creditors. In a judgement dated 27 September issued by the Zurich District Court, administrator Rolf Schuler detailed a catalogue of…
HYDERABAD: The Institute of Company Secretaries of India (ICSI) has stepped up efforts to train and produce insolvency practitioners citing that the sector has huge need of professionals.ICSI has set up Insolvency Professional Agency to train insolvency professionals as there is huge need for professional in this sector and there is also huge growth potential.…
“; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break; } break; } } var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”;…
THE INSOLVENCY Service has managed to secure fifty six debt release orders (DRO) for debtors who were unable to repay dues of up to twenty five thousand Euro, as a result of the economic crisis. So far 1,019 applications have been submitted from citizens who request a debt write-off, head of the Insolvency Service Costas…
Watpac claims it is owed $3.2 million for mining services work carried out, at the request of KordaMentha, at Pluton Resource’s Cockatoo Island. Brendon Thorne Property developer and mining contractor Watpac has lashed insolvency firm KordaMentha after launching legal action against three of its partners as it seeks $3.2 million for work on an iron…
Insolvency firm McGrathNicol has released its report on the financial state of troubled law firm Slater Gordon concluding that a restructure may be required subject to additional forward projections. The report comes as original lenders to the company have offloaded their loans to distressed debt funds and investment banks, amid a growing perception that a “debt-for-equity”…