Kyrylo Shevchenko pictured in parliament on July 16 as MPs confirmed his appointment as Ukraine’s new National Bank Governor. REUTERS/Tetiana Bondarenko The Ukrainian parliament endorsed President Zelenskyys nominee Kyrylo Shevchenko as the new Governor of the National Bank of Ukraine (NBU) on July 16, just hours after he emerged as the Ukrainian leaders pick for…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 56 bankruptcies in week 28. This is 2 up on the previous week. In addition, 8 sole proprietorships were declared…
Surprise falls in the number of corporate insolvencies across the country do not yet reflect the effect of the pandemic on businesses, warns the Midlands branch of insolvency and restructuring trade body R3. Recently published statistics, from the Insolvency Service, show that there were 732 company insolvencies in England and Wales in June 2020, which…
The day debt-ridden Texas oil producer MDC Energy filed for bankruptcy eight months ago, a tank at one of its wells was furiously leaking methane, a potent greenhouse gas, into the atmosphere. As of last week, dangerous, invisible gases were still spewing into the air. By one estimate, the company would need more than $40…
“The resurgence of cases in Victoria and warnings in NSW highlight the day-to-day uncertainty of this health crisis and the damage that uncertainty does to the economy, he said. The federal government was quick to take critical steps to provide relief but the impacts from this pandemic will continue beyond the original six-month reprieve. Mr…
Member Article Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of the corporate and personal insolvency statistics for June: The June statistics show both corporate and personal insolvencies fell compared to Mays figures. The decrease in the number of…
Eleanor Temple, chair of R3 in Yorkshire and barrister at Kings Chambers in Leeds Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of the corporate and personal insolvency statistics for June: The June statistics show both corporate and personal…
news, local-news, Goulburn, Tarago, Heron Resources, Woodlawn Mine, shutdown, Orion Finance, insolvency, Tim Dobson The company operating Woodlawn Mine is negotiating with financiers in an attempt to bat off insolvency. Heron Resources CEO Tim Dobson says the company is not trading insolvent and that scenario is a “worst case.” The company suspended operations in March…
In response to the COVID-19 pandemic, the government significantly amended Indias Insolvency and Bankruptcy Code, 2016, with the objective of protecting businesses during these volatile times. In brief, the amendments to the bankruptcy code include an increase in the threshold for initiation of corporate insolvency resolution process to Rs 1 crore and what seems to…
Featured image: Stock The certainty of energy security in South Africa depends on Eskoms functionality and its operational model, which has reached a tipping point writes Ashley Nyiko Mabasa. It is the role of the state to ensure that there is energy security in South Africa, particularly amidst the COVID-19 pandemic. The pandemic has exposed…