A london diamond broker targeting vulnerable investors and mis-selling them fancy coloured diamonds has been ordered into liquidation by the High Court. The company, which the High Court said was mis-selling investors fancy coloured diamonds at inflated prices, was ordered into liquidation following a petition presented by the Secretary of State for Business, Innovation and…
The Basel Committee on Banking Supervisions proposal that only mortgages backed by easily realisable collateral should benefit from low risk-weightings might encourage insolvency regime reform in the EU, says Fitch Ratings. Mortgage lending represented 22% of total non-defaulted exposures extended by a large sample of EU banks. Timelines for real-estate foreclosure and liquidation vary significantly…
World Acceptance Corporation (NASDAQ:WRLD) has problems which have been mounting, and it now faces the following challenges, all of which will be resolved within twelve months. Severe punitive action by the CFPB Business deteriorating New rules restricting debt collection Credit facility maturity with no new lenders in sight Severe punitive action by the CFPB I’ve…
The dismantling of Health Diagnostic Laboratory is in full swing. A federal bankruptcy judge approved the former blood-testing firms liquidation plan during a hearing Tuesday, after HDLs lawyers fought against objections raised by… Read the full article at: http://www.richmond.com/business/article_92e1b25f-38ab-5f0f-905e-f20b331b3ddc.html
A womens clothing business with 19 retail stores across Australia and New Zealand has collapsed into voluntary administration but is continuing to trade. Meredith & Moore was founded in 1962 under the name Meredith and specialises in womens knitwear, jackets and coats. The Melbourne-based brand operates 17 stores across Australia, with stores in New Zealand. The…
March 29 Olidata SpA : * Said on Friday that the board of directors acknowedged that the conditions to continue the business are not present and verified the cause of dissolution according to the law * Entrusted a board of liquidators for the liquidation of the company as previously announced on Dec. 22, 2015 Source…
Olidata SpA : * Said on Friday that the board of directors acknowedged that the conditions to continue the business are not present and verified the cause of dissolution according to the law * Entrusted a board of liquidators for the liquidation of the company as previously announced on Dec. 22, 2015 Source text for…
Royal Queensland Aero Club was founded in 1910, making it one of the oldest aero clubs in the Southern Hemisphere. 28 Mar 2016 Royal Queensland Aero Club (RQAC), which lays claim to being the oldest aero club in the Southern Hemisphere, has gone into voluntary administration. Chairman of the Board Cliff Hefner sent out an…
The Ministry of Economy said it finished an assessment on the implementation of corporate governance principles and private management in state-owned enterprises (SOEs) under the Government Decision 109/2011. Out of the 114 companies that were analyzed, only 11 percent have fully implemented the corporate governance. This process was started in another 18 percent of the…
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