FC Barcelona have been declared ‘technically bankrupt’. UEFA via Getty Images FC Barcelona have been declared ‘technically bankrupt’ by a leading Catalan journalist. The Blaugrana are mired in debts repeatedly reported as exceeding €1 billion ($1.075 billion), and had to pull various ‘economic levers’ last summer revolving around the sale of future television rights revenue…
Stock Photo: Getty Images One of Russia’s largest microchip manufacturers, Angstrem (Zelenograd), has been declared bankrupt. Source: The Moscow Times Details: The company has been put under observation, and the decision to declare the debtor bankrupt was made at the request of Zenit Bank on 2 December 2024. As the case file shows, the court…
This article was updated on March 8, 2024 The exit from bankruptcy of Derek Quinlan, the boom-time property investor, has been delayed after a move by his trustee to suspend his discharge. Quinlan, 76, who once owned trophy homes in New York, Mayfair in London and Saint-Jean-Cap-Ferrat on the French Riveria, was due an automatic…
Pilot told to pay $50,000 debt or be made bankrupt Stuff Read the original article here
By Martin Croucher · December 5, 2024, 12:36 PM GMT Company bosses and their insurers could face increased claims next year from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday…. To view the full article, register now. Read the original article here
The Cayman Islands: A Leading Jurisdiction for Investment Fund Insolvency and Restructuring. by: Mark Goodman, Partner at Campbells Cayman Islands In the ever-evolving landscape of global finance, the Cayman Islands has established itself as a premier jurisdiction for handling complex insolvency and restructuring cases, particularly for investment funds. With its robust legal framework, creditor-friendly system, and…
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RetailAppointments An independent proxy adviser has warned shareholders at boohoo of the “obvious risks” presented by Frasers Group to the company. Frasers, which owns 27% of boohoo’s shares, is seeking the appointment of its CEO Mike Ashley and Mike Lennon to the company’s board of directors alongside the removal of executive chairman and co-founder Mahmud…
Located in Basildon, Home Drainage Protection Service Ltd ‘bombarded’ pensioners and people suffering from medical conditions with up to 20 calls a day, allegedly using ‘abusive’ language and ‘threatening to call the police or bailiffs’ if the call receiver did not sign up to their proposals. The company claimed to provide replacements and repairs to plumbing and…
Delta Air Lines exits bankruptcy Reuters.com Read the original article here