Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business. June 13, 2019Emiliano Bellini A PV plant built by Enerray in Turkey, where the company has suffered from its geothermal investments. Image: Enerray Italian conglomerate Gruppo Maccaferri has begun insolvency…
Video PlayerClose WELLINGTON, June 13 (Xinhua) — A new legislation requires liquidators in New Zealand to be licensed and meet basic standards of honesty and competence, aiming to protect creditors and the public, Commerce and Consumer Affairs Minister Kris Faafoi said on Thursday. The Third Reading of the Insolvency Practitioners Regulation Bill and the Insolvency…
A total of 347 people agreed deals with their lenders in the first three months of this year in situations where they are unable to pay the full amount. This was up 16pc on the number of arrangements put in place in the first quarter of last year, figures from the Insolvency Service of Ireland…
Much accused director Bryan Singer is settling a nearly two-year old rape case from a then minor with a hefty payout but strict insistence on his innocence. In a deal struck in recent days, the multiple X-Men flick helmer will hand over $150,000 to Cesar Sanchez-Guzmans bankruptcy trustee to see the sexual abuse claim disappear.…
Germany-based GSA Leisure Cargo has filed for bankruptcy following the loss of a major contract. The company at one time counted 14 leisure airlines amongst its customer base, but last year lost a major contract with TUI to the ESC Group. Tillmann Peeters of restructuring firm Falkensteg Restrukturierung said that the company has applied to…
Legislation passed last night means liquidators will need to be licenced and meet basic standards of honesty and competence moves enacted to protect creditors and the public, Commerce and Consumer Affairs Minister Kris Faafoi says. The Third Reading of the Insolvency Practitioners Regulation Bill and the Insolvency Practitioners Regulation (Amendments) Bill address some failings of…
A total of 347 people agreed deals with their lenders in the first three months of this year in situations where they are unable to pay the full amount. This was up 16pc on the number of arrangements put in place in the first quarter of last year, figures from the Insolvency Service of Ireland…
The liquidators of CBL Corporation have published their first report on the New Zealand-based insurers financial position, showing that it owes more than $179 million to creditors. Kordamentha, the appointed liquidator, stated that preferential creditors are owed $566,766, secured creditors are owed $6,617,438 and unsecured creditors are owed $172,801,592. CBL Corporation was placed in voluntary…
If there is one word to describe Jet Airways it is this: beleaguered. The former Indian aviation giant is staring down the barrel of yet another major blow that could prevent them from returning to the skies. After collapsing in April, Jet Airways now could be headed towards bankruptcy as creditors seek to recover their…
Richair By Alexander Whiteman 11/06/2019 Leisure Cargo (LC) is to enter insolvency following the loss of contracts with TUI and another carrier. Aspokesperson for the GSSA confirmed to The Loadstarit had begun insolvency proceedings at a court in Dusseldorf, with White & Case appointed trustees. Reorganisation manager Tillmann Peeters, of Falkensteg Restrukturierung, said: We want…