Transline, the temporary employment agency that became embroiled in the Sports Direct scandal, has submitted court documents preparing the company for insolvency. The Guardian understands that the business has filed a notice of intention of appointing administrators at a court in Leeds, and has sounded out the accountancy firm Deloitte as a potential administrator. The…
The former parliamentarian was placed on the wanted list for fraud amounting to more than 2 billion rubles ($35m). The Sovetsky District Court in Volgograd ruled on in absentia arrest of the former State Duma deputy from the party Spravedlivaya Rossiya Oleg Mikheev. Earlier, the ex-parliamentarian was placed on the federal wanted list for…
Alitalia will start insolvency proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making Italian airline to secure funds to keep its aircraft in the air. Workers on Monday rejected a plan to cut jobs and salaries, betting the government will be asked to call in an administrator to draft an…
The former trustees of Kids Company have said that they would vigorously defend any attempt to disqualify them from acting as company directors in the future, following media reports that the Insolvency Service was considering action. Yesterday Sky News said it had learned that lawyers for the governments Insolvency Service had written to former trustees,…
Published April 25 at 7:23 pm The traffic passes by the National Bank of Ukraine (NBU) headquarters in Kyiv. Photo by Kostyantyn Chernichkin Popular on social media Diamantbank (Kyiv) that was declared insolvent a day before on April 25 reported that the bank saw profit in January-March after four quarters of seeing losses. According to…
Comments Share via email Share on facebook Share on twitter Share on LinkedIn PrintLicense article Great-West Lifeco Inc. is making sweeping changes to its Canadian business, cutting staff as it moves to reduce costs in an increasingly competitive industry. The Winnipeg-based insurer plans to broadly reduce its Canadian head count by as much as 13…
The Ontario government just announced a pilot project to test a basic income for low-income earners in Hamilton, Brantford, Lindsay and Thunder Bay. Participants will need to apply, and once accepted into the program they will be guaranteed an income of just under $17,000 a year, less 50 per cent of any income earned. Couples…
The assault case against Donegal County Councillor, John O’Donnell, has been adjourned until June. The case was listed at today’s sitting of Letterkenny Circuit Court. Judge Terence O’Sullivan heard from defence counsel for Cllr O’Donnell (pictured) who said the assault causing harm charges against the councillor will be contested and a trial will take up…
By Reuters Published: 23:35 +10:00, 25 April 2017 | Updated: 23:35 +10:00, 25 April 2017 e-mail By Agnieszka Flak MILAN, April 25 (Reuters) – Alitalia said on Tuesday it would start insolvency proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making Italian airline to secure funds to keep its aircraft…
The Insolvency and Bankruptcy Code, 2016 (Code), consolidates and amends a slew of legislations governing the legal framework relating to reorganisation and insolvency resolution in a time-bound manner. Insolvency is a state or condition of a person who is unable to pay his debts. Bankruptcy on the other hand is a situation whereby a court…