In his report on the efforts of peoples courts on enforcement difficulties since 2016, before the National Peoples Congress (NPC) Standing Committee on 24 October 2018, Zhou Qiang, the Chief Justice and President of the Supreme Peoples Court (SPC), suggested four measures, including pushing forward establishment of a personal bankruptcy system and improving current bankruptcy…
NEW YORK, Dec. 13, 2018 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. is investigating potential claims against Yangtze River Port and Logistics Limited ( YRIV). Our investigation concerns whether Yangtze has violated the federal securities laws and/or engaged in other unlawful business practices. On December 6, 2018, Hindenburg Research published a report entitled Yangtze…
MOSCOW, Dec 14 (Reuters) – Palmali, one of the biggest players in Russias river-to-sea cargo market, plans to appeal against a court decision declaring its Russian business bankrupt and effectively handing its fleet over to Sberbank, the shipping firms owner said on Friday. Last month, a court in Rostov-on-Don in southern Russia declared the Palmali…
Dear Sir / Madam, In addition to our earlier disclosure made on 02nd May 2018, 11th May 2018, 20th June 2018, 12th July 2018, 27th July 2018, 20th August 2018, September 03, 2018, October 01, 2018, October 10, 2018, October 22, 2018, October 24, 2018 and November 20, 2018, we would like to inform you…
A month-long FE Week investigation has uncovered a trail of insolvency and debt left by two businessmen, David Harper and Mark Hargreaves, whove created a complex web of companies involving Talent Training and AMS Nationwide which received millions in apprenticeship funding from the government. Questions are now being raised over why a multinational employer, Santander,…
NEW YORK, Dec. 13, 2018 /PRNewswire/ –Pomerantz LLP is investigating claims on behalf of investors of Yangtze River Port & Logistics Limited (“Yangtze” or the “Company”) (NASDAQ: YRIV) Investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980. The investigation concerns whether Yangtze and certain of its officers and/or directors have…
Operations at Uchumi Supermarkets have ground to a halt as legal suits by creditors stall turnaround efforts. The disputes have weakened the retailers ability to cash in on the busy festive season, winding up another dismal year for Kenyas pioneer chain store. Following various litigation matters concerning the solvency of the company and the lease…
Dear Rusty: Sometimes words used have different meaning to others, like your recent article on the Social Security Trust Fund. In a true trust fund, monies are only used for a specific purpose. Our so-called Social Security Trust Fund doesnt work like that. Instead, money collected goes directly into the US Treasury, mixed up…
Operational creditors of companies undergoing the corporate insolvency resolution process should have a say in the committee of creditors (CoC) and get voting rights proportional to the debt owed to them, the Supreme Court observed on Thursday. A two-judge Bench of Justice Rohinton Fali Nariman and Justice Navin Sinha asked…
The announcement was made in the midst of the companys restructure following its self-administered insolvency proceedings, owing to a high rise in energy costs and procurement prices for raw materials. Job losses According to Heiner Kayser, MD, Feldmuehle, by discontinuing the production of graphic papers its paper machine 2 will be shut down and there…