Danish insurer Gefion Insurance A/S has been declared bankrupt by Denmarks Maritime and Commercial High Court. The curators of the bankruptcy estate, attorney-at-law Boris Frederiksen and attorney-at-law Sren Aamann Jensen, will contact all policyholders in Gefion to inform and guide them on how to act, said the Danish Financial Supervisory Authority (DFSA), which has also…
The Insolvency and Bankruptcy Code, 2016, came into effect in August 2016 but for Part III of the Code that related to insolvency and bankruptcy of individuals including personal guarantors to the corporate debtor. In November 2019, the government notified that Part III of the Code would come into effect from 1 December 2019. Before…
{{featured_button_text}} Clint Walker SULLIVAN Recipients of the 2021 Redskin Achievement Award were recently announced prior to Decision Day at the Sullivan High School gymnasium. Recipients of this years annual award are juniors: Joann Mathias, daughter of Elizabeth and Michael Mathias, and Ryan Villalobos, son of Michelle Villalobos. Representing the Class of 1968, the originators of…
Transport Minister Fikile Mbalula. OJ Koloti/Gallo Images The RAF has reported significant progress in keeping its house in order. For the first time in decades, the entity claimed that it has reported a R3.2 billion surplus for the period ended on 31 March 2021. The company has also increased its investment income from R62 million…
Law360, London (June 7, 2021, 3:16 PM BST) — Gefion Insurance A/S was declared bankrupt on Monday after the embattled Danish company failed to fend off a 30 million ($36.5 million) legal claim from a German car rental company. Gefion, which has been in administration for almost a year in a move to pay off…
A battle over who is responsible for cleaning up hundreds of oil and gas rigs in the Gulf of Mexico is quietly playing out in a bankruptcy court in southern Texas. The contestants in this game of fossil fuel infrastructure hot potato: Fieldwood Energy, an offshore drilling company attempting to offload more than $7 billion…
The Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for the insolvent ferro alloy manufacturing company TopicsTata Steel|mining activity|Indo Borax Chemicals IANS | Mumbai Last Updated at June 7, 2021 12:21 IST In yet another acquisition for Tata Steel under the Insolvency and Bankruptcy Code,…
On 7 June 2021, the Maritime and Commercial High Court declared Gefion bankrupt.Policyholders must report their claims to the claims handlers mentioned in their policy. Further information can be found on the homepage of the bankruptcy estate, www.gefioninsurance.com. Furthermore the bankruptcy means that policyholders can cancel their policy, if they wish to do so. The…
A Sydney director whose companies owed creditors more than $3.1 million has been banned from managing companies for two years. ASIC has disqualified Grant Evan Donley of Sydney, NSW, from managing companies until 25 May 2023 for his role in the failure of Conceptual Interiors NSW Pty Ltd, Conceptual Interiors Group Pty Limited, and Conceptual…
Jun 03 2021, 8:28 AMJun 03 2021, 5:52 PMJune 03 2021, 8:28 AMJune 03 2021, 5:52 PM cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy for that you may thank the ingenuity of various stakeholders…