Bankrupt manufacturing tycoon Siegfried Lee Siu-fung, who once owned the most expensive house in Hong Kong, has moved into property development in the US, targeting investors from the city and China seeking residency status through an investment visa programme. Lee moved his base out of Hong Kong to the US after his company Siu-Fung Ceramics…
A large and sometimes noisy meeting of teachers (inset) submitted stronger demands for loan relief at the government’s help centres, but Minister of Education Teerakiat Jareonsettasin (above) and the prime minister have shown little sympathy for the ‘self-inflicted’ debt problems. (Main photo by Apichart Jinakul) Teachers who are threatening to stop repaying their loans in…
Chief Justice Mr Frank Clarke. Picture: Collins ‘Unduly complex’ laws threatening major developments in Ireland – Chief Justice Independent.ie Irelands top judge has warned major developments are being held up due to unclear and unduly complex environmental legislation. https://www.independent.ie/irish-news/unduly-complex-laws-threatening-major-developments-in-ireland-chief-justice-37127544.html https://www.independent.ie/incoming/article36501385.ece/5bbd3/AUTOCROP/h342/PL32919851Calls%20to%20the%20out%20INT_ED5_S01%20Read-Only.jpg Email Irelands top judge has warned major developments are being held up due to unclear…
Chartwell Trustee Pension Solutions Ltd (Chartwell), was the sole trustee of the Pinnacle Pension Scheme and was incorporated on 14 December 2007. Its registered office was Kingfisher House, Bromley, Kent. The Insolvency Service launched an investigation into the companys activities following complaints received by it and Action Fraud. The investigation found: the company was entrusted…
FORMER Celtic and Hibernian midfielder Liam Hendersons future has been plunged into uncertainty after Bari were relegated to the fourth tier of Italian football. The Galletti missed out on promotion to Serie A last season in the play-offs but have failed to register for next seasons championship after being declared bankrupt. An effort from local…
Senior Advocate Mukul Rohatgi appearing for Numetal submitted that although ArcelorMittal has disposed of share before submitting its resolution plan in February, but it was a promotor of Uttam Galva till March 21 on NSE and March 23 on BSE records. “They (ArcelorMittal) continued as a promotor of the company notwithstanding of selling of their…
Why Ford is revamping iconic Detroit landmark Entrepreneurship is in Detroit’s DNA. It’s what turned it into one of America’s most iconic cities, known the world over as the heart of both the nation’s automobile industry and the birthplace of music’s “MoTown sound” genre. Now a new generation of entrepreneurs is committed to doing it…
Low-cost carrier Pobeda plans to launch transit flights from Moscow to Europe via Kaliningrad (I. Zarembo / Khrabrovo Airport) Khrabrovo Airport, which serves Kaliningrad, has reached an agreement with Aeroflots low-cost subsidiary Pobeda Airlines to set up hub operations through the Russian enclave. Khrabrovos general director Alexander Korytny explained in an interview to Interfax newswire…
Phoenixing by companies that deliberately go broke has a direct cost of up to $5bn a year on business, employees and government, including a whopping $3bn owed to other businesses, a PwC report says. Phoenixing is the deliberate and systematic liquidation of a company to avoid liabilities such as tax and employee entitlements then restarting…
Tata Steel is gearing up to acquire Bhushan Power & Steel, going through insolvency proceedings, if it gets the requisite approvals. Much like the Bhushan Steel deal, Tata Steel is keeping its financing arrangements ready and is sounding out people within the organisation for Bhushan Power & Steel. …