The deteriorating residential property market will pressure developers as funding costs rise and prices fall, creating extra risks for investors. The residential market slowdown that pulled prices down 1.6 per cent in July, their steepest annual fall in six years, marks a turning in a housing construction cycle that has boomed for six years and attracted many new players. …
Smile fellow Finance Magnates readers, for its a great day in the retail trading industry. Why? Because the British governments Insolvency Service has shut down Global Fin Services Ltd (GFS). As informed as most of you Finance Magnates readers are, I appreciate that this name will likely be unfamiliar to most of you. Many visitors to…
Dubbo has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. The Personal Bankruptcy Analysis by data analyst company Illion shows the number of bankruptcies in Dubbo are the second highest in the state, equal ranked with Orange. It found 77 people in Orange were declared bankrupt in the…
August 3, 2018 The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid & Taylor India Ltd, Mandhana Industries and Alok Industries Ltd are already in various stages…
August 3, 2018 The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid & Taylor India Ltd, Mandhana Industries and Alok Industries Ltd are already in various stages…
Overseas assistance Representation of the Viscount Comment As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies’ assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires…
Dubbo has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. The Personal Bankruptcy Analysis by data analyst company Illion shows the number of bankruptcies in Dubbo are the second highest in the state, equal ranked with Orange. It found 77 people in Orange were declared bankrupt in the…
Provogue has its own garment manufacturing facilities in Daman and in Baddi, Himachal Pradesh. Photo: Mint Mumbai: The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid &…
Its perhaps a meaningless milestone, but humans love big, round numbers. And when Apples share price hit $207.05 today, it became the first U.S. public company to reach a $1 trillion market capitalization. Not bad for a company that was on the verge of insolvency when its late founder Steve Jobs came back to rescue…
Scroll back a few months, to October last year. Monarch, one of the UKs biggest holiday airlines, went bust. For a few days there was chaos: 110,000 people were stranded abroad; hundreds of thousands more, who had booked and paid for future departures, were left without tickets. The CAA, to its credit, and at a…