Frank Hogan on the ball to aid insolvent Pat Whelan – The Times

Brian Carey Among the investors was former Ireland and Munster rugby captain Paul OConnellPIARAS MIDHEACH/SPORTSFILE Limerick property developer and former Ireland rugby team manager Pat Whelan received a 400,000 lump-sum payment from prominent rugby supporter Frank Hogan to help secure his exit from insolvency. Whelan agreed a personal insolvency arrangement (PIA) with his creditors earlier…

Communique on procedures and principles regarding capital loss and insolvency introduced – International Law Office

Losses due to foreign currency obligations General assembly meeting Remedial measures The Communique on the Procedures and Principles regarding the Application of Article 376 of the Commercial Code (6102) was published in the Official Gazette on 15 September 2018 and entered into force on the same date. It determines the procedures and principles that will…

Bluethorne Trading Limited placed into provisional liquidation – GOV.UK

The move follows an investigation by the Insolvency Service. The company operated a website www.bluethornetrading.com. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petitions. The provisional liquidator also has the power to investigate the affairs of the companies…

Lessons from new UK companies debt restructuring proposals – Business Daily (press release) (blog)

Columnists Tuesday, October 9, 2018 19:25 By BASTON WOODLAND | No investor or creditor ever wants to see a company in trouble, even though at times insolvency is inevitable. FILE PHOTO | NMG Capitalism without insolvency is like Christianity without hell. Even if a company spends itself into insolvency until it doesnt recover, creditors would…

NCLT directs insolvency proceedings against Madhucon Projects – The Hindu BusinessLine

The National Company Law Tribunal, Hyderabad bench, has admitted a petition to initiate corporate insolvency proceedings against Madhucon Projects Limited and appointed an interim Resolution Professional (RP). On a petition moved by Shri Srikrishna Rail Engineers, a Mumbai-based company, seeking initiation of insolvency resolution process under the Bankruptcy and Insolvency Code, 2016, the Judicial Member…