Like many department stores, Sears Canada has struggled with competition from specialty stores and online retailers. Its bankruptcy will eliminate some 12,000 jobs and leave 16,000 retirees worried about their pensions. Its just the latest signal that employees and regulators should rethink their approaches to defined-benefit pensions. Pensions are promises Pensions represent deferred wages, money…
Stricter rules are in place now for the approval process of resolution plans submitted under the insolvency law, wherein an applicant’s antecedents and credit worthiness will be checked. The amendments related to the corporate persons resolution process has been made amid rising number of cases being filed under the insolvency law and concerns in certain…
Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: Entrepreneurship is not just about starting businesses. Getting out on the other side, ideally richer than before, is just as important. Unless youre one of the lucky few who start and take a company public…
By: ENS Economic Bureau | New Delhi | Published:November 8, 2017 1:54 am (Representational Image) In what would make it tougher for unscrupulous elements, including promoters, to manipulate the insolvency resolution process of a stressed firm, the government on Tuesday amended the Corporate Insolvency Resolution Process Regulations, providing for more stringent scrutiny of resolution applicants…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
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Insolvency and Bankruptcy Board of India has amended its corporate insolvency resolution process regulations to ensure that as part of due diligence prior to approval of a resolution plan, the antecedents, credit worthiness and credibility of a resolution applicant, including promoters, are taken into account by the Committee of Creditors. With a view to ensure…
Published: 11:20 Thursday 02 November 2017 The Yorkshire Meatball Company, which closed the doors on its sole restaurant last October, has entered into liquidation, leaving investors out of pocket. The brand was launched in 2014 by father and son David and Gareth Atkinson, and its products were even sold by Asda, Tesco and Morrisons. But…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
(Corrects to remove item on GlaxoSmithKline Consumer Healthcare post-earnings analyst conference call as the event is slated for Nov 8) To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member…