MOSCOW, January 5./TASS/. Wage arrears of bankrupt Transaero Airlines exceed 600 million rubles ($ 8.930 million), a spokesperson for the Russian Investigative Committees transport division in Moscow told TASS on Saturday. Transaero has debts to more than 7,000 of its former personnel. “More than 1,500 people have been questioned as aggrieved persons,” Natalya Fedorova said.…
MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S…
The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S Kumar…
LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (GPM), a global investors rights law firm,announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Yangtze River Port and Logistics Limited (Yangtze River or the Company) (NASDAQ:YRIV) securities between February 2, 2016 and December 5, 2018, inclusive (the ‘Class…
NEW YORK, Jan. 04, 2019 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Yangtze River Port & Logistics Limited (Yangtze or the Company) ( YRIV) in the United States District Court for the Eastern District of New York, on behalf of a class consisting of investors…
A–A+ Three major insurance companies are suing PG&E over the billions of dollars in claims they expect to face from the Camp Fire. The lawsuits, by Allstate Insurance Co., State Farm and USAA, represent another potentially staggering blow to PG&E, which has already acknowledged problems occurred on a high-voltage transmission tower near…
JOHANNESBURG, Jan 4 (Reuters) – Angolas central bank said on Friday it was withdrawing the licences of two small lenders, Banco Mais and Banco Postal, and said they should both be declared bankrupt. The National Bank of Angola said the two lenders had missed a Dec. 31 deadline for complying with new capital requirements, according…
MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S…
The Skattemyndighederne tax authorities have written off 5.8 billion kroner from the bills of nearly half a million people in Denmark, reports Politiken. Some 485,000 have benefited from a move that was approved by Parliament. Many are believed to be benefit recipients, early retirement pensioners and people on early retirement, and most were informed in…
The engineering arm of Monarch Airlines, the holiday carrier that collapsed in 2017, has been put into administration with the immediate loss of 408 jobs. Administrators KPMG were called in after Monarch Aircraft Engineering, the last remnant of Monarch Airlines and which provides aircraft maintenance services and has a training academy, ran into financial difficulties…