Cover ended on 8 May 2018. Danish-based unrated Alpha Insurance has been declared bankrupt after a filing by the liquidators. The Danish Financial Supervisory Authority has urged all policyholders to seek new policies as all existing cover has been terminated. Claims already filed may be met by the Danish Guarantee Fund in certain categories and…
The victim of a convicted paedophile has spoken out about a legal loophole through which he could lose almost £400,000 in compensation after his abuser made himself bankrupt. David Glass, 59, was jailed for five years in January for sexually assaulting three boys after befriending their parents and winning their trust. A court ordered Glass,…
The big question in the media world today is whether MoviePass parent company Helios and Matheson can stanch the bleeding of its cash flows before it becomes insolvent. In a new filing today with the SEC, Helios informed investors that it had $15.5 million in available cash, with another $27.9 million in accounts receivable from…
A Conway man, arrested three times in one week on the Conway Golf Clubs property, has filed a motion asking that his attorney be allowed to intervene on his behalf in the legal proceedings surrounding the possible sale of the property. Christopher Ross, 53, says in his motion that he cant properly represent himself because…
An electrical short circuit was apparently responsible for sending a public bus up in flames on Tuesday in Rome. Initially people thought it was a terrorist attack. Residents and tourists watched the bus turn into a blazing inferno in the heart of Rome’s historic center. No one was seriously injured. The incident happened shortly after…
Meet Mentiis, a friendly chatbot who really wants to help you get a mortgage but just can’t close the deal. Automated chatbots are increasingly common in online commerce, but in the mortgage industry, you’re almost certain to be speaking to a human sales rep even in an online chat. Bot technology is still fairly rudimentary,…
The new financial year will mark sweeping reforms to insolvency rules, with a legal firm warning the impacts on new business contracts will be far-reaching. Last September, Financial Services Minister Kelly ODwyer flagged a softening of insolvency rules in a bid to reduce the number of businesses voluntarily entering or being pushed into insolvency prematurely.…
The UKs Department of International Trade organised an outward mission to the UK in March, led by U Kyaw Myo, deputy transport and communications minister. The delegation included a dozen officials and 27 business representatives, who met with over 150 British businesses to explore potential commercial opportunities. In a wide-ranging interview, U Aung Naing Oo,…
Guwahati: A proposal to make direct payment to vendors and sub-contractors to accelerate work on Guwahati water supply project has been made. The insolvency resolution professional appointed by the National Company Law Tribunal (NCLT) for Iragavarapu Venkata Reddy Construction Limited (IVRCL), the company hired to set up water distribution system under the project, recently wrote…
NEW DELHI: Companies referred to bankruptcy courts may not be allowed to leave the process once bids have been invited or a resolution plan has been accepted. The government is considering setting a time limit for withdrawing cases admitted for insolvency resolution, ending ambiguity on a key aspect of the procedure. A 14-member law committee…