AC Milan owner Li Yonghong has dismissed reports that he has been declared bankrupt in China as “fake news”. Chinese businessman Li – who purchased the Italian club for $911 million in April 2017 – was responding to reports that he has been ordered to auction off his assets to repay loans from two banks.…
Image copyright Reuters Image caption Wu Xiaohui was considered one of China’s most politically connected men Beijing has cracked down on insurance and financial giant Anbang, taking control of the conglomerate and prosecuting the firm’s head. Wu Xiaohui, who was already detained by authorities last June, is to face prosecution for “economic crimes”. In an…
By Jarrett Renshaw Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner NEW YORK (Reuters) – U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to…
Introduction Illiquidity Bow wave theory Decision Consequences for practice Introduction German regulations obliging managing directors to monitor the liquidity of a company during crisis situations are typically rather strict and give rise to the risk of personal liability in cases of non-compliance. Legislation requires company management to file for insolvency proceedings without undue delay in…
by The Lex Column Shrivelled commodity trader Noble Group insists that it will be able to survive and thrive just as soon as it restructures its debts and gains access to cheap trade finance. Both are now within reach. But heavy losses in 2017 should cast doubt on the merits of saving “new Noble”. The…
Laura Chesters 22 Feb 2018 The Insolvency Service said he is prevented from being involved, directly or indirectly, in the promotion, formation or management of a company for ten years from January 26, 2018. Lane, of Prenton, … Read the full article at: https://www.antiquestradegazette.com/news/2018/insolvency-service-investigation-leads-to-disqualification-of-football-sport-auctions-director/
AAP and staff reporters | The West Australian Thursday, 22 February 2018 9:47AM The builder specialises in civil landscape projects, including the West Coast Eagles Lathlain Precinct Oval and earthworks at Elizabeth Quay.Picture: Lofty Visions Another West Australian building company has suspended trading and operations due to financial viability problems a fortnight after one of…
By Jarrett Renshaw Senator Cruz heads to bankrupt PA refinery for rally against biofuels policy Philadelphia (Reuters) – Republican Senator Ted Cruz of Texas will speak at a rally against the U.S. Renewable Fuel Standard (RFS) on Wednesday hosted by bankrupt refiner Philadelphia Energy Solutions Inc – a company that blames the controversial biofuels policy…
Share this: Bulgarian President Roumen Radev vetoed on February 21 a bill amending the Bank Insolvency Act, arguing that some of the provisions had retroactive effect, which breached the principle of the rule of law. The president supports the efforts of the National Assembly for greater efficiency in defending the public interest in bank insolvency,…
Milan (AFP) – AC Milan owner Li Yonghong has dismissed reports that he has been declared bankrupt in China as “fake news”. AC Milan owner Li dismisses bankrupt reports as ‘fake news’ Chinese businessman Li — who purchased the Italian club for 740 million euros ($911 million) in April 2017 — was responding to reports…