Maurizio Zamparini assures Palermo wont go bankrupt – everyone can think what they want, but Ive never stolen a Euro. Bankruptcy proceedings have been opened against the Sicilian club, with allegations that theres a 70m hole in their accounts. The website Il Sole 24 Ore reported last month that the problem arose from repeatedly selling…
, ET Bureau| Updated: Dec 12, 2017, 08.38 PM IST EXPAND TO VIEW ALL Mumbai: Insolvency and Bankruptcy Code seems to be cure-all for every default in this country with the Bombay Stock Exchange deciding to file proceedings for its unpaid fees. Select listed companies have failed to pay annual listing fees to BSE despite…
Dec 12 (Reuters) – BSE Ltd: * BSE TO FILE PROCEEDINGS AGAINST DEFAULTING LISTED COMPANIES UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 * PROCEEDINGS FILED AGAINST 7 DEFAULTING COS BEFORE NCLT, MUMBAI ON ACCOUNT OF THEIR FAILURE TO PAY ANNUAL LISTING FEES OVER PERIOD OF TIME * SIMILAR ACTION BEING ENVISAGED AGAINST OTHER COMPANIES TOO *…
Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices. We would like to congratulate Andrew, Claire and Julie…
MUMBAI: Equipment maker Ericsson has roped in senior counsel Darius Khambata to represent it in its insolvency petition against Reliance Communication (RCom) at the National Company Law Tribunal (NCLT). Khambata is also representing China Development Bank (CDB) in its insolvency plea against the Anil Ambani owned company to recover dues worth $1.78 billion (Rs 11,460…
Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices. We would like to congratulate Andrew, Claire and Julie…
Its highly unlikely that, in the two weeks before Christmas, the executive team at Toys R Us can do much to goose the bankrupt companys sales. The merchandise has been bought, the advertising circulars have been printed, the commercials filmed. The hard work of selling is now up to the front-line employees who, according to…
This content was published on December 11, 2017 5:37 PMDec 11, 2017 – 17:37 Monetas CEO Johann Gevers, left, with finance minister Ueli Maurer, earlier this year. (Keystone) The Swiss-based digital payment start-up Monetas has been declared bankrupt on Monday by a court in Zug. Its the latest blow for boss Johann Gevers, also under…
WILLEMSTAD – Another one bites the dust. This time its the operator of the former Howard Johnson Hotel in downtown Otrabanda, EMC City Hotel. It has been declared bankrupt. The bankruptcy has been requested by the owner of the building where the hotel and a casino are located, namely Emmazicht nv. The casino has been…
OrotonGroup feared it was in danger of collapse five months before falling into voluntary administration owing $40 million, raising questions about the company’s disclosure to shareholders. According to documents filed by Deloitte, which was appointed administrator on November 30, OrotonGroup engaged the accounting firm on June 29 to assess the company’s financial position, with a…