Contrary to what many believe, the US federal government does not spend the bulk of its revenue on its military. Or even on politicians hefty paycheques. Instead, almost 45% of taxpayer dollars go to support Medicare, Social Security and disability benefits to the tune of $2.43 trillion (US$1.74 trillion) per year. But in a sign…
Four of the UKs largest real estate investment trusts are heavily exposed to struggling retailers and CVAs, the rising insolvency trend which has become synonymous with the decline of the high street, UBS has warned. The analysis looked at the portfolios of four real estate investment trusts: British Land, Landsec, Hammerson, and Intu. Its findings…
Asset Backed Management Limited was placed into provisional liquidation on 12 April 2019 following an application issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. The company has been selling asset investment opportunities to members of the public, including corporate bonds and alternative bonds, and was…
CALGARY A research report by AltaCorp Capital shows the number of companies actively drilling in Canada has declined by 40 per cent since the oil price crash of late 2014. The analysis cites industry data which shows only 26 drilling contractorshave been working so far in 2019, 17 fewer than observed in 2014. It says…
Bulgaria won the arbitration case filed by the State General Reserve Fund of the Sultanate of Oman at the International Centre for Settlement of Investment Disputes (ICSID), part of the World Bank group, the Bulgarian National Bank (BNB) said on April 22. The Omani fund filed its arbitration claim in October 2015, after it lost…
Bankruptcy is a legal process by which individuals or business entities who are unable to repay the debts incurred by them can seek relief from their creditors. The bankruptcy law of India is the Insolvency and Bankruptcy Code 2016. It seeks to consolidate the current laws by creating a single insolvency and bankruptcy law. The…
Please Update your browser Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.Just click on the icons to get to the download page. Court to declare businessman bankrupt if he fails to repay loans Made Anthony Iswara The…
A FINANCIAL guru has predicted that vulture funds are likely to flock off out of Ireland after reaching their exposure here. Personal insolvency expert Derek Scanlon, of The Debt Clinic in Longford, believes the private equity companies have reached their level of investment in this country as prices continue to soar. Personal insolvency expert Derek…
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
I won! was the gleeful reaction by Ukrainian oligarch Ihor Kolomoisky to the news that a Kyiv court ruled that the 2016 nationalisation of his PrivatBank was illegal. “The grounds for such a decision by the District Administrative Court of Kiev were, among other things, the failure of the defendants to prove the existence of…