Category Archives: Bankruptcy

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Yangtze River Port & Logistics Limited – Business Wire

NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ:YRIV). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices. On December 6, 2018, Hindenburg Research (Hindenburg) published a report that described Yangtze…

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Yangtze River Port & Logistics Limited – Associated Press

NEW YORK–(BUSINESS WIRE)–Dec 29, 2018–The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ: YRIV ). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices. On December 6, 2018, Hindenburg Research (Hindenburg) published a…

Ukrinform: Deposit Guarantee Fund extends liquidation of two banks – Kyiv Post

Published Dec. 29. Updated Dec. 29 at 2:03 pm The Deposit Guarantee Fund is working to liquidate the assets of insolvent Ukrainian banks. Its glassy headquarters in central Kyiv was originally built for Nadra Bank, which was declared insolvent in 2015. Photo by Kostyantyn Chernichkin Popular on social media The Deposit Guarantee Fund of Ukraine…

Ten stars who blew their footballing fortunes – NEWS.com.au

From rags to riches and back again. Former Sunderland striker Asamoah Gyan, who was earning $409,000-a-week at Shanghai SIPG, became the latest start to reportedly go broke yesterday. The Ghanaian striker used to drive around in a Rolls-Royce but is now understood to have just $1,000 in his bank account while being unable to provide…

How to pay off credit card debt in 2019 Which? News – Which?

Did you rack up credit card debt over the festive season? The sooner you tackle it, the quicker youll be back in the black. Which? shares our top tips of taking control of your finances in 2019. Three in five Brits with debt wait two-and-a-half years before confronting their problem, while almost half would wait…

You cant serve banks at cost of consumers: Haigreve Khaitan – Livemint

Haigreve Khaitan, senior partner at law firm Khaitan. Mumbai: Haigreve Khaitan, senior partner at law firm Khaitan and Co., has been in the thick of action following the changed regulatory environment brought about by the Insolvency and Bankruptcy Code (IBC). He has advised some of the big companies that have gone under the hammer, such…

Despite relaxed norms, few MSME promoters able to bid for their own company – Business Standard

Even after the government relaxed the norms for the micro, small and medium enterprise (MSME) promoters to bid for their own firms under the Insolvency and Bankruptcy Code (IBC), only a few have been able to bid successfully for their companies. A number of companies, closed for three to nine…

3 things you need to know before setting up an SMSF – Yahoo7 News

This is the time of the year when many will be reviewing their financial arrangements and may be tempted to set up a self-managed super fund (SMSF). The popularity of SMSFs is starting to wane but the overall number of these accounts is still trending up as many superannuants find the ability to limit fees…

SEC disciplines Crowe, two partners over audit failures – Compliance Week

The Securities and Exchange Commission has settled charges against Crowe, two of its partners, and two additional partners at a now-defunct audit firm for significant audit failures connected to a payroll services firm that went bankrupt. According to the SEC, Crowes audit team identified pervasive fraud risks in its 2013 audit of Corporate Resource Services…

Lenders to insolvent SBQ Steels prefer to take the liquidation route – Business Standard

Lenders to insolvent SBQ Steels have preferred to take the liquidation route for the entity, expressing reservations over UK-based Liberty Houses capability to take the process ahead, sources close to the development said. The resolution professional (RP) has filed an application under Section-33 of the Code of Liquidation, before the Chennai Bench of…