SAN JUAN, Puerto Rico (AP) A federal control board overseeing Puerto Ricos finances filed a lawsuit on Sunday to recover what it called massive fraudulent payments made by the islands power company to fuel suppliers for more than a decade. The lawsuit was filed against fuel companies Trafigura and Vitol for allegedly supplying low-grade oil…
Anyone who has ever set up their own business knows that, despite the cliche its not personal, its just business, when things start to go wrong and your business starts to struggle, it can feel very personal indeed. Whatever the reasons for the situation you and your business find yourselves in, its very unlikely that…
We appear to have another casualty in the increasingly competitive strobe market. According to ProfiFoto, TheDistrict Court of Wrzburg has ordered the provisional insolvency administration of the assets of German lighting manufacturer Hensel-Visit GmbH & Co. KG (Hensel). This isnt bankruptcy or the end of the business, yet, although the company does have a significant…
Enchanted Diamonds, an international online diamond retailer headquartered in New York City, has unexpectedly declared bankruptcy leaving customers in the lurch. The business which was registered as Online Diamonds International Corporation and formerly operated a showroom in Times Square filed for Chapter 7 bankruptcy in a New York court on 20 June. In the…
Johnston Carmichael, an independent accountancy and business advisory firm, has strengthened its leadership team with the appointment of a restructuring director. Jenn Stewart, brings 16 years of experience to her new role which forms part of Johnston Carmichaels strategic expansion of its restructuring team across the country. Having been based in Dundee for the last…
The punishment awaiting unrepentant fornicators remains a matter of speculation. What is not in doubt is the special kind of hell awaiting Cameron Clyne as he begins the torment of a protracted court dispute where the Israel Folau case is inevitably heading. Rugby Australias chairman told The Sydney Morning Herald he found the prospect painful…
A unit of one of Chinas big five power producers has been ruled bankrupt after amassing major debts, with a missed 16.44 million yuan ($2.39 million) loan repayment proving the straw that broke the camels back. A local court in northern Chinas Gansu province deemed Gansu Datang International Liancheng Power Generation Co. to be seriously…
Daily News View All News 27 June 2019 Recruitment firm executive Simon Anthony Charles Wooding, of Altrincham was banned from being involved in the management of a company for nine years without the permission of a court the second ban for Wooding, the UK Insolvency Service reported this week. His wife, Julie Ann Wooding was…
The former head of a contracting firm charged with embezzling almost $6.5 million during construction of a Russian spaceport and spending money on luxury goods has received a suspended sentence and escaped jail time. The Vostochny Cosmodrome, a $3 billion project seen in Moscow as vital to secure Russias independent access to space, has been…
German TV Company Loewe which is 96 years old has called in the administrators, but insiders are tipping that a new look Company could emerge as investors snap up assets and investors take advantage of the strength of the Loewe name and history. In Australia the brand is distributed by Indi Imports. According to people…