We need a speedy bankruptcy code to resolve distress while maintaining the priority structure of claims. The bankruptcy code will give creditors more ability to resolve distress and help strengthen the corporate bond market, which is so essential to infrastructure financing. Raghuram Rajan, former Governor, Reserve Bank of India, in September 2015. Fifteen months later,…
BI Intelligence See Also Digital shines at Bed Bath & Beyond Amazon announces Digital Day promotional event Examining the next generation of payment providers competing in the burgeoning digital commerce market This story was delivered to BI Intelligence “E-Commerce Briefing” subscribers. To learn more and subscribe, please click here. Department store chain Macys will close…
The stock of BANK OF IRELAND (GOVERNOR & COMPANY OF THE) NON-CUM PRFA#1 LIQUIDATION (LON:BKIC) hit a new 52-week high and has GBX 19.33 target or 8.00% above todays GBX 17.90 share price. The 5 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Jan, 10…
A COMPANY director from Bolton has been banned for five years after his firm arranged employment for illegal workers. Zamirahmed Munshis company, Dankart Limited, which has now gone into liquidation, was issued with a £60,000 fine after Home Office Immigration Officers (HOIE) discovered 12 people working illegally. Their employment had been organised by Dankart. Officials…
Shares of BANK OF IRELAND (GOVERNOR & COMPANY OF THE) NON-CUM PRFA#1 LIQUIDATION (LON:BKIC) last traded at 17.9, representing a move of -1.92%, or -0.35 per share, on volume of shares. After opening the trading day at 0, shares of BANK OF IRELAND (GOVERNOR & COMPANY OF THE) NON-CUM PRFA#1 LIQUIDATION traded in a close…
Opinion Benn Richards 10 Jan 2017 01:10pm Benn Richards discusses proposals published by the European Commission in relation to a joined approach to the restructuring of corporate entiti… Read the full article at: http://economia.icaew.com/en/opinion/january-2017/us-style-restructuring-for-europe
State-owned bus company Bus Éireann’s financial situation has worsened, and without urgent reforms it could face insolvency within 18 months, according to informed sources. Late last year, Minister for Transport Shane Ross briefed his Cabinet colleagues and said the company was at crisis point, and could become insolvent within 24 months. However, the latest figures…
Retail chain Howards Storage World has collapsed into voluntary administration just weeks before Christmas. Administrators from Deloitte were appointed to the retailer on Friday, December 9, with Vaughan Strawbridge and David Lombe appointed to manage the administration of four entities within the Howards Storage World group. The group operates 29 company-owned retail outlets in New…
A TRIO of pubs in and around Keighley have been returned to their landlords after the company that previously managed them went into liquidation. Liquidators have been appointed for the Victoria Road Pub Management Company Ltd, which had managed 18 pubs, including the Guide Inn, at Hainworth, the Fleece Inn, at Cullingworth Gate, and Worth…
A COMPANY owned by the chairman of Morecambe Football Club has gone into administration but the business will continue to operate. Property specialists Simon Thomas and Arron Kendal of London-based insolvency firm Moorfields have been appointed joint administrators over PMG Leisure Limited, run by Peter McGuigan. PMG Leisure ran the 3G football pitches behind the…