Turkey is facing a mounting number of applications for bankruptcy protection as a slump in economic growth takes its toll on business. Requests forkonkordato, a court-sanctioned agreement that allows struggling companies to try and avoid full bankruptcy by restructuring their debt payments in a bid to avoid full bankruptcy, have soared in recent months. The…
The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ:YRIV). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices. On December 6, 2018, Hindenburg Research (Hindenburg) published a report that described Yangtze as a…
NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ:YRIV). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices. On December 6, 2018, Hindenburg Research (Hindenburg) published a report that described Yangtze…
NEW YORK–(BUSINESS WIRE)–Dec 29, 2018–The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ: YRIV ). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices. On December 6, 2018, Hindenburg Research (Hindenburg) published a…
Published Dec. 29. Updated Dec. 29 at 2:03 pm The Deposit Guarantee Fund is working to liquidate the assets of insolvent Ukrainian banks. Its glassy headquarters in central Kyiv was originally built for Nadra Bank, which was declared insolvent in 2015. Photo by Kostyantyn Chernichkin Popular on social media The Deposit Guarantee Fund of Ukraine…
From rags to riches and back again. Former Sunderland striker Asamoah Gyan, who was earning $409,000-a-week at Shanghai SIPG, became the latest start to reportedly go broke yesterday. The Ghanaian striker used to drive around in a Rolls-Royce but is now understood to have just $1,000 in his bank account while being unable to provide…
Did you rack up credit card debt over the festive season? The sooner you tackle it, the quicker youll be back in the black. Which? shares our top tips of taking control of your finances in 2019. Three in five Brits with debt wait two-and-a-half years before confronting their problem, while almost half would wait…
Haigreve Khaitan, senior partner at law firm Khaitan. Mumbai: Haigreve Khaitan, senior partner at law firm Khaitan and Co., has been in the thick of action following the changed regulatory environment brought about by the Insolvency and Bankruptcy Code (IBC). He has advised some of the big companies that have gone under the hammer, such…
Even after the government relaxed the norms for the micro, small and medium enterprise (MSME) promoters to bid for their own firms under the Insolvency and Bankruptcy Code (IBC), only a few have been able to bid successfully for their companies. A number of companies, closed for three to nine…
This is the time of the year when many will be reviewing their financial arrangements and may be tempted to set up a self-managed super fund (SMSF). The popularity of SMSFs is starting to wane but the overall number of these accounts is still trending up as many superannuants find the ability to limit fees…