Illinois government is a culture of corruption Its hard not to find a state that is steeped in corruption, but few come close to Illinois. Ten Chicago city aldermen, seven municipal officials or workers, five state officials, five former governors and seven Congressmen have been censured, charged, impeached, forced to resign or imprisoned for corruptionboth…
Illinois government is a culture of corruption Its hard not to find a state that is steeped in corruption, but few come close to Illinois. Ten Chicago city aldermen, seven municipal officials or workers, five state officials, five former governors and seven Congressmen have been censured, charged, impeached, forced to resign or imprisoned for corruptionboth…
Cristian Parvan, the president of the Trade union of Romanian Investors (PIAROM), says that in the economy there are some 200,000 companies in different stages of the insolvency procedure, while another 260,000 firms have a negative capital below the legal requirements. Parvan said that PIAROM calls for a hike in the receivables limit from which…
Work is halted at Ulster university’s building site as insolvency experts go in BelfastTelegraph.co.uk The new £250m Ulster University campus in Belfast has been mothballed and workers sent home over a litany of legal problems, the Belfast Telegraph can reveal. https://www.belfasttelegraph.co.uk/business/northern-ireland/work-is-halted-at-ulster-universitys-building-site-as-insolvency-experts-go-in-36646249.html https://www.belfasttelegraph.co.uk/news/uk/article36647117.ece/72023/AUTOCROP/h342/KPMG.jpg Email The new £250m Ulster University campus in Belfast has been mothballed and…
Bankruptcy law is meant to support confidence and to smooth up possible new investments needed to support the long list of giga-projects and expected IPOs, Cyril Widdershoven, an economics and energy partner at Verocy, a consultancy firm advising on investment risks in the Middle East, told Zawya by email. Saudi Arabia has embarked on an…
Toys R Us is expected to enter administration tomorrow unless an eleventh-hour deal to rescue the ailing company is struck. See related Frantic attempts to secure a buyer before Tuesdays deadline for payment of a £15m VAT tax bill have so far failed, with a potential investor pulling out at the last minute, the Retail…
Just as a bunch of high-value assets are about to exit India’s fledgling bankruptcy process, it appears founders won’t relinquish control of their steel, power and cement plants without exhausting every last legal trick in the book. A knot of clumsily crafted eligibility rules introduced by the government in November have become a thorn in the…
MUMBAI: A dedicated bankruptcy court finalising the insolvency of Bhushan Power and Steel has asked the resolution professional (RP) to submit his stand by March 2 on opening the Liberty House bid that came in after the deadline for the debt-laden company had ended. UK-based Liberty House is also keen to buy Bhushan Power and…
Nevin John New Delhi Last Updated: February 26, 2018 | 22:20 IST Finding resolution in bankrupt companies through insolvency proceedings is becoming murkier after the estranged promoters and the rivaling bidders take the legal routes to put spanner in the process. When the UK-based Liberty House questioned the rejection of its bid for Bhushan Power and Steel, the…
The Weinstein Companys sales talks failed, and now the one-time revered studio says they are going to pursue bankruptcy. The film industry is currently in a state of turmoil following numerous sexual assault allegations levied against producer Harvey Weinstein, one of the co-founders of The Weinstein Company. As a result, the studio opted either to…