Suggests Insolvency Code should apply on foreign assets of personal guarantor too New Delhi, April 28: In an employee friendly move, a Parliamentary Panel has pitched for faster and enhanced payment of workmen dues and employee wages in the corporate insolvency process. Not only has the Joint Committee on the Insolvency and Bankruptcy Code 2015…
The number of people going into a type of personal insolvency known as “bankruptcy light” is expected to have increased during the first three months of 2016 in official figures released on Friday. The Insolvency Service will publish figures showing the number of people going insolvent between January and March. There are three types of…
Billionaire Sir Philip sold the high street chain for £1 to Retail Acquisitions Man who bought BHS was being chased for debts from failed businesses Dominic Chappell’s finances were still being investigated by the authorities as he was negotiating the deal By Rupert Steiner Chief City Correspondent For The Daily Mail Published: 09:51 EST, 28…
Around 11,000 staff are waiting to hear if they will still have a job if a buyer can be found for the 86-year-old year-old chain after it went into administration on Monday. But several current and former employees have already registered as creditors ahead of the firm’s negotiations to enter a creditors voluntary arrangement (CVA)…
Struggling companies should be given up to six weeks free from creditor pressure to plan a recovery or rescue, according to the North East chair of insolvency trade body R3. In a week when two major UK retail names filed for administration, Neil Harrold, who is also a partner with Hay & Kilner Solicitors, has…
By Associated Press Published: 22:35 EST, 27 April 2016 | Updated: 22:35 EST, 27 April 2016 BUCHAREST, Romania (AP) Prosecutors in Romania say they have questioned a media owner on suspicion of tax evasion worth 8 million ($9 million). Prosecutors took Cristian Burci, owner of Prima TV and the daily Adevarul, for questioning Wednesday after…
Aberdeen firm SeaEnergy in insolvency talks as shares are suspended By Douglas Fraser Business/economy editor, Scotland 26 April 2016 From the section Scotland business Image copyright Google Aberdeen-based firm SeaEnergy has announced it is in talks with insolvency advisers, and has had trading in its shares suspended. The offshore energy company has tried to find…
The shareholders and directors of D.A. Holdings Limited, the owners of the Daniels shopping complex in Hamrun, have said they will appeal the court order that has declared the company insolvent… Read the full article at: http://www.maltatoday.com.mt/business/business_news/64479/hamrun_shopping_mall_owners_to_appeal_insolvency_order
The shareholders and directors of Daniels Shopping Complex have appealed a court order which declared the company insolvent, claiming a breach of their right to a fair hearing and their right not to be discriminated against. “It results from the acts of the case instituted by Panta Contracting Limited that the shareholders, the directors and…
Daniels shopping complex in Hamrun is still open to the public after a court case ruled it as insolvent and ordered it to be closed down. In a statement, signed by lawyer Simon Micallef Stafrace, the Shareholders and the Directors of D.A. Holdings Limited said that they have appealed from the court…