15 Oct 2018 06:53am IST Insolvency and Bankruptcy Code 2016 (IBC) is one of the much needed biggest economic reforms speedily rolled-out and being implemented in India. This is a one-stop solution which addresses all insolvencies in a time-bound and economically viable manner. This law has significantly helped India in achieving the historic 30-spot…
Brian Carey Among the investors was former Ireland and Munster rugby captain Paul OConnellPIARAS MIDHEACH/SPORTSFILE Limerick property developer and former Ireland rugby team manager Pat Whelan received a 400,000 lump-sum payment from prominent rugby supporter Frank Hogan to help secure his exit from insolvency. Whelan agreed a personal insolvency arrangement (PIA) with his creditors earlier…
Losses due to foreign currency obligations General assembly meeting Remedial measures The Communique on the Procedures and Principles regarding the Application of Article 376 of the Commercial Code (6102) was published in the Official Gazette on 15 September 2018 and entered into force on the same date. It determines the procedures and principles that will…
Press contacts Romain Sadet Press officer +32 2 281 89 14 +32 473 86 54 37 The Council today agreed its position on the business insolvency directive. The directive aims at providing access by viable enterprises in financial difficulties to preventive…
The move follows an investigation by the Insolvency Service. The company operated a website www.bluethornetrading.com. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petitions. The provisional liquidator also has the power to investigate the affairs of the companies…
During 2014-2016 refinancing policy pursued by the NBU was aimed at maintenance of banking system from financial collapse. Along with the change in environmental conditions shifted the emphasis and priorities in the aims and objectives of monetary policy. Features of the external environment in which the banking system, require from the National Bank of Ukraine…
Columnists Tuesday, October 9, 2018 19:25 By BASTON WOODLAND | No investor or creditor ever wants to see a company in trouble, even though at times insolvency is inevitable. FILE PHOTO | NMG Capitalism without insolvency is like Christianity without hell. Even if a company spends itself into insolvency until it doesnt recover, creditors would…
The National Company Law Tribunal, Hyderabad bench, has admitted a petition to initiate corporate insolvency proceedings against Madhucon Projects Limited and appointed an interim Resolution Professional (RP). On a petition moved by Shri Srikrishna Rail Engineers, a Mumbai-based company, seeking initiation of insolvency resolution process under the Bankruptcy and Insolvency Code, 2016, the Judicial Member…
The insolvency regulator is training its guns on personal guarantors to recover bad loans. Nudging the new breed of insolvency professionals to attach assets of guarantors is not a good idea. It goes against the grain of limited liability. The reason is simple. At risk, is only the risk capital that the promoter has invested…
Published: 11:34 Tuesday 09 October 2018 Share this article The rate of personal insolvencies in North Lincolnshire has increased by almost a third over the last two years, official data has revealed. In 2015, 21.6 adults per 10,000 were declared insolvent in North Lincolnshire, according to Insolvency Service figures. However by 2017 that figure had…