Swiss commodities trader Glencore has initiated discussions with the British government regarding its supply contract with the Lindsey refinery, placed under insolvency this week, threatening hundreds of jobs and the UK’s energy security. International commodities trader Glencore has started negotiations with the British government to determine the future of its crude oil supply contract with…
Nikolay Kolev, 72, was the director of Kaicony 2 Limited when it applied for a bounce Back Loan (BBL) in September 2020. The Bounce Back Loan Scheme was a UK government program established to provide financial support to businesses during the COVID-19 pandemic. Mr Kolev signed a BBL agreement on behalf of Kaicony for an amount of £50,000 declaring that…
Almost half of councils in England risk falling into bankruptcy without action to address a £4.6bn deficit amassed under a Conservative-era policy, the government’s spending watchdog has warned. In a damning report, the National Audit Office said that rising pressure on public services and repeated delays to reform the funding of local government meant town…
Case File Because the Massachusetts Insurers Insolvency fund steps takes over an insolvent insurer’s rights and responsibilities under the commonwealth’s workers’ compensation law, it has a right to collect cost-of-living adjustment reimbursements as the insurer would have had it…
Casa Luxembourg’s bankruptcy means end for country’s eight shops Luxembourg Times Read the original article here
The bankruptcy of high-profile fashion designer Jovian Mandagie, the former son-in-law of Malaysia’s ex-prime minister Ismail Sabri Yaakob, has brought renewed attention to the growing scandals surrounding the former leader’s family. Jovian, once a household name in Malaysian and Indonesian fashion circles, was declared bankrupt by the Kuala Lumpur High Court on Thursday for failing…
Malaysia PM’s ex-son-in-law declared bankrupt over US$1.25million ‘friendly loan’ South China Morning Post Read the original article here
When Adelaide Designer Homes was placed into liquidation last month electrician Ralph Czabayski was one of more than 80 creditors left out of pocket. It also left 20 home owners like Joanna and Henry Clough without a completed home. They’re now living in their friend’s tiny spare room and are expecting a baby next month.…
Show Fullscreen EUROPE: Retrack Slovakia and Retrack Czech have filed for insolvency. Parent company VTG said persistent challenges in the Eastern European traction market made a sustainable recovery impossible, despite its restructuring efforts and financial support. Retrack Slovakia was founded as Carbo Rail in 2016 through the merger of Carbosped and Rail Sped. VTG Rail…
TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs. Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators…