Andrew Left called Evergrande insolvent in 2012. Citron Research The looming debt crisis faced by China’s second largest property developer was on Andrew Left’s radar nearly 10 years ago. The famed short-seller said China’s Evergrande would be “severely challenged from a liquidity perspective” in a 2012 report. Hong Kong subsequently imposed a five-year ban on…
August 2021 saw the number of company insolvencies reach their highest level since the first UK lockdown, with businesses balancing the easing of restrictions with the end of government support. There were 1,348 registered company insolvencies in August 2021, according to figures released by the Insolvency Service 71% higher than in the same month in…
This is up 71% when compared to the 788 figure reported in August 2020 though it is similar to the 1,366 registered in August 2019. As for creditors voluntary liquidations (CVLs), there were 1,256 handed in August 2021 – which is the highest level seen in the series since January 2019. The number of registered…
After getting rapped for accepting Vedanta group’s bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT seeking fresh bids for the debt-laden consumer durable firm. Billionaire Anil Agarwal’s Twin Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries,…
August 2021 saw the number of company insolvencies reach their highest level since the first UK lockdown, with businesses balancing the easing of restrictions with the end of government support. There were 1,348 registered company insolvencies in August 2021, according to figures released by the Insolvency Service 71% higher than in the same month in…
Member Article Corporate insolvencies increased by 22.9% to 1,348 in August 2021 compared to Julys figure of 1,097, and increased by 71.1% compared to August 2020s figure of 788 Personal insolvencies increased by 0.2% to 9,106 in August 2021 compared to Julys figure of 9,090, and were 42.7 % higher than August 2020s figure of…
Following the closure of his multi-level-marketing business JN Jewellery, Jesper Nielsen has come under further fire as his fraught history with Pandora comes to light. Posted September 20, 2021 | By Jeweller Staff Following Jewellers report on the abrupt closure of multi-level-marketing (MLM) jewellery business JN Jewellery, many people came forward with additional information and…
A former director of migration company Clinica Internationale Pty Ltd (Clinica), Radovan Montague Laski (aka Rod or Rodney Laski), has been declared bankrupt by the Federal Circuit Court after an ACCC application for a sequestration order. The Court made the order following Mr Laskis failure to pay more than $380,000 in legal costs after action…
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) -Nigeria has introduced custody rules for its 4 trillion naira ($9.7 billion) fund management industry to protect investors and further develop its capital markets, the Securities and Exchange Commission (SEC) said on Sunday. Before the rules, investment managers warehoused securities and cash, which meant that investors could…
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) -Nigeria has introduced custody rules for its 4 trillion naira ($9.7 billion) fund management industry to protect investors and further develop its capital markets, the Securities and Exchange Commission (SEC) said on Sunday. Before the rules, investment managers warehoused securities and cash, which meant that investors could…