HONG KONG: Reliance Communications Ltd, the mobile phone operator that defaulted on dollar bonds last week in the highest-profile debt failure since the countrys new Bankruptcy Code was passed, faces risks of insolvency if it cant sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. We think the valuations they…
Blair Nimmo named as global head of insolvency at KPMG 20 November 2017 From the section Scotland business Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for…
A man withdraws money from an ATM at a branch of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) in Hanoi, Vietnam Nov 15, 2017. (Reuters photo) HANOI: Vietnam’s national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government…
Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for a large team handling all aspects of personal insolvency, both in Scotland and England. Mr Nimmo succeeds Richard…
HANOI, Nov 20 (Reuters) – Vietnams national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government website said. Approval of a bill establishing the right to declare bankruptcies came about five years after the start of a banking…
ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt. Business News understands the ASX-listed company had been trying to raise fresh equity but was unable to do so. It announced today that Richard Tucker and John…
Editors note: The following is a roundup of stories from The Conversations archive. On Sept. 20, 2017, Hurricane Maria tore across Puerto Rico. The Category 4 storm was so massive 300 miles wide that it enveloped the island entirely, battering it with 155 mph winds and dropping almost two feet of rain. The next day,…
If there is one word everyone is afraid of, its bankruptcy. But is it as bad as we think it is? We ask an expert to debunk the myths. With more than 16,000 people declaring bankruptcy in Australia every year, it is possibly a lot more common than you would think. However, considering how easy…
Tax provisions, legal jurisdiction worry those interested in acquiring sick firms Mumbai, November 19: Corporate houses vying for stressed assets under the NCLT-led process have expressed deep concern over grey areas in the new Insolvency and Bankruptcy Code, even as the deadline nears for the submission of expressions of interest (EoIs). While banks are gearing…
More than five years have passed since the former pharmacy czar and horse racing identity, Rohan Aujard, filed for bankruptcy. But his financial penury is not about to end any time soon. Horse racing played a big part in Nathan Tinkler’s downfall, but not for Rohan Aujard. Photo: Jenny Evans For those whose memories have dulled with time, Aujard probably attracted more press…