Tuesday, July 9, 2019 On May 30, 2019, Dubais ruler, Sheikh Mohammed bin Rashid al-Maktoum, signedDIFC Insolvency Law, Law No. 1 of 2019(the New Insolvency Law) into law, thereby repealing and replacing DIFC Law No. 3 of 2009. The New Insolvency Law, and supporting regulations (the Regulations), became effective on June 13, 2019, and govern…
Wyoming is in crisis. Coal mines have shut down, hundreds of people are out of work, unemployment offices are overwhelmed, and there appears to be worse to come. The coal industry, long seen as a friend and economic linchpin in the state, is falling apart, and the very communities that have supported it most are…
CAMBRIDGE, Mass. A German company that is developing a lunar lander has filed for insolvency, citing a shortfall in funding, but vows to continue development of its spacecraft. Berlin-based PTScientists announced July 8 that it had filed for preliminary insolvency under the German Insolvency Code in a local court July 5. That court has appointed…
By Chris Robertson, news reporter German tennis legend Boris Becker is auctioning off items from his illustrious career to pay off the debts he owes after being declared bankrupt two years ago. The 82 items include trophies from his illustrious career, shoes and clothes that he wore on the court, and even a watch gifted…
Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of bitcoin at the time due to an apparent hack. Bitcoin reportedly experienced a subsequent decline in value,…
JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in court appointed liquidation. The Jump Loops liquidation announcement comes just weeks after alternate franchise entity Jump Swim Schools Services Pty Ltd suffered a similar fate. At a Federal Court hearing on Friday, Registrar Claire Gitsham ordered that Jump Loops…
SHOCKING photographs reveal the state of the abandoned “luxury” villas which Ant McPartlin and Dec Donnelly lost millions of pounds on. The TV duo, along with Phillip Schofield, are fighting to get their cash back after the three lost a combined 7.5million in the “nightmare” collapse of the incomplete Algarve complex. 13 This is the…
These images reveal the abandoned luxury villas which cost TV hosts Ant McPartlin and Dec Donnelly millions of pounds in lost deposits. The duo are fighting for their money back after both losing nearly 2.5million in the nightmare collapse of the unfinished Algarve property complex. This Morning host Phillip Schofield is also out of pocket…
Among the claims none substantiated is an allegation that the former St George-Illawarra Dragons premiership winner secretly used a loan in the name of the family trust to splash out on a luxury $1.8 million Avalon property in 2013. Then there was a request for enormous amounts of information from St George about Mark Gasniers…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed the Mumbai bench of the NCLT to pass an order over the insolvency plea against 15 Videocon group companies within next three weeks. The NCLAT said that taking into consideration the nature of the matter, the National Company Law Tribunal (NCLT) Mumbai should pass…