Heritage FA Limited which marketed and sold colored diamonds and other commodities to the public for investment has been ordered into liquidation on the grounds of public interest, according to a press release from the Insolvency Service. An investigation found that vulnerable and elderly individuals were being targeted and aggressively sold investments…
GMR Group firms have entered into an agreement with its partners to divest 51% stake in its joint venture running a road project in Karnataka. The deal will help GMR Group pare debt by Rs 1,077.97 crore and enhance liquidity by Rs 85 crore. “GMR Highways and GMR Infrastructure have signed a share purchase agreement…
The U.S. Department of Education announced today that students who were defrauded at 91 former Corinthian Colleges Inc. (Corinthian) campuses nationwide have a clear path to loan forgiveness under evidence uncovered by the Department while working with multiple state attorneys general. These campuses represent the largest group of borrowers eligible for loan relief so far…
Scott M. Himes and Brent Weisenberg In today’s investment world, private equity firms, investment managers and other investors often acquire a substantial interest in a business and, as a consequence, earn the right to put “their people” on the company’s board. That person then becomes a “dual fiduciary”someone with fiduciary obligations to his or…
Editorial St. Thomas V.I. retirees and future retirees need to start preparing themselves now for much smaller pension payments than they anticipated, because the trust fund will evaporate. There are no good options left to prevent this from happening and it may well reach a crisis point a year or two before the oft-cited 2025…
ANTIOCH — After decades of service, Antioch school board member Claire Smith announced her resignation this week. Smith’s departure will take effect once the Contra Costa County Office of Education receives her written notice. Smith was unavailable for comment Thursday, but Antioch Unified School District trustee Diane Gibson-Gray said Smith and her husband are moving…
Editorial St. Croix V.I. retirees and future retirees need to start preparing themselves now for much smaller pension payments than they anticipated, because the trust fund will evaporate. There are no good options left to prevent this from happening and it may well reach a crisis point a year or two before the oft-cited 2025…
While investors have spent much of the recent few quarters looking toward commodities as a source of risk, a new saga has been opening. One that all investors should at least be aware of. The second chapter of this saga was concluded this week. In an addendum to Februarys 2015 results Credit Suisse (NYSE: CS)…
While investors have spent much of the recent few quarters looking toward commodities as a source of risk, a new saga has been opening. One that all investors should at least be aware of. The second chapter of this saga was concluded this week. ////> In an addendum to February’s 2015 results Credit Suisse(NYSE: CS)…
by Jonathan Garcia HM Government of Gibraltar commenced legislation on 24 March 2016, providing for Limited Liability Partnerships and this is the latest addition to the expanding suite of Gibraltar products that can now be offered. The Limited Liability Partnership is a very flexible vehicle and has been primarily designed with professional service providers in…