The Romanian energy company Complexul Energetic Hunedoara (CEH) will go bankrupt. The only solution to save it is for the state to compensate the EUR 268 million debts that the company has at the coal mines that supply it, according to CEH judicial administrator.These should be transferred to a new firm that receives…
2016-03-21T13:12+02:00 13:12 21.03.2016 Kyiv’s district administrative court on March 16, 2016 declared void and dismissed National Bank of Ukraine (NBU) resolution No. 934 dated December 24, 2015 on placing public joint-stock company Ukrinbank to the list of insolvent banks. According to the court decision, the court obliged the NBU to give 95 days to the…
Image copyright Powa Image caption Powa’s website now carries a message from its administrators on its website It was one of Britain’s brightest tech start-ups, praised by David Cameron, and a rare British “unicorn” – a company valued at over $1bn (£694m) before floating on a stock market. Its dynamic founder Dan Wagner claimed last…
Powa: The start-up that fell to earth Rory Cellan-Jones Technology correspondent 21 March 2016 From the section Technology Image copyright Powa Image caption Powa’s website now carries a message from its administrators on its website It was one of Britain’s brightest tech start-ups, praised by David… Read the full article at: http://www.bbc.co.uk/news/technology-35860814
Seafood Expo Global, May 2015, Brussels, Belgium. Photo: Miriam Okarimia/ Undercurrent News You may also like: March 21, 2016, 8:54 am The net loss for Pickenpack Holding Germany, the frozen fish processor now in an insolvency process, was 25.83 million in its latest reported financial year. Pickenpacks latest financial results, filed earlier in 2016 on the…
The First Family is running SA, in the process consuming the soul of the ANC, writes Njabulo S Ndebele With shocking new exposures coming at us almost daily, it is difficult to resist the feeling that it will prove extremely difficult for President Jacob Zuma to stay in power for much longer. The revelation that…
Reader R.L. sent us the following email: I have a problem regarding misleading information on a home page, confusing labels and the use of my intellectual property rights on some products. I am German and have worked for over 25 years at the same food company in Tokyo, until the factory was sold to a…
CONCORD In more than 20 years as a representative of the banking industry in New Hampshire, Jerry Little saw some good days and bad days. One of the worst came early in his tenure as president of the New Hampshire Bankers Association, when in October of 1991 FDIC bank inspectors shut down five banks in…
Paddington dressmaker Johanna Johnson made Christina Hendricks’ dress for the Emmys. It was well received and she’s since had a surge in sales. SYDNEYs Johanna Johnson has designed dresses for stars including Pink and Meryl Streep, but she is now embroiled in a legal dispute that threatens to sink her burgeoning worldwide business. Bronte local…
The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under section 447 of the Companies Act 1985, as amended. The investigation found that vulnerable and elderly individuals were being targeted and aggressively sold investments in fancy coloured diamonds, rough diamonds, gold, fine art and oil wells. The…