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Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Reliance Communications Reports Q3 Financial Results Amidst Insolvency Proceedings  TipRanks Read the original article here
GSIS launches MPL Max Program to provide debt relief for gov’t workers  Philippine Information Agency Read the original article here
The council's leader, Ann-Marie Barker, said efforts are being made to work with local groups and make sure people still
WORTHINGTON — Nobles County commissioners on Tuesday approved a three-year contract with Washington, D.C.-based Savi Solutions to provide student loan
Reliance Communications Reports Financial Results Amid Ongoing Insolvency Proceedings  TipRanks Read the original article here
A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research
Construction Contracts and the Corporate Insolvency and Governance Act 2020  Herbert Smith Freehills Read the original article here
General Laws: The Negotiable Instruments Act, 1881The Transfer of Property Act, 1882The Code of Civil Procedure, 1908 (Sections 9, 10,
Bruno Mars pokes fun at gambling debt rumour  MSN Read the original article here
As soon as his bi-weekly salary of $650 came to his hand, migrant worker Mani Arockiyasamy rushed to the Marina
The former interpreter for Dodgers star Shohei Ohtani is set for sentencing Thursday for bank and tax fraud in the
On August 31, 2022, Part V of the Cayman Islands Companies Act (the “Companies Act”) was amended to introduce the

Reliance Communications Reports Q3 Financial Results Amidst Insolvency Proceedings  TipRanks

Read the original article here

GSIS launches MPL Max Program to provide debt relief for gov’t workers  Philippine Information Agency

Read the original article here

The council’s leader, Ann-Marie Barker, said efforts are being made to work with local groups and make sure people still get help and support if it is needed.

“I very much understand resident anger,” she told BBC Radio Surrey.

“I think it’s a nice addition to say that as a council, as a body, and it was unanimously supported, that we do apologise for the failings of the past.”

The meeting also heard that commissioners, who have been appointed by the government to help turn around the finances, will consider the position of individuals named in the report and decide whether further action or investigation is necessary.

Joanne Brown from Grant Thornton, who presented the report to councillors, said: “Overall we identified fundamental…

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WORTHINGTON — Nobles County commissioners on Tuesday approved a three-year contract with Washington, D.C.-based Savi Solutions to provide student loan administration services to county employees.

The contract will cost the county $70 for essential accounts and $75 for pro accounts. Working with over 150 federal and state programs across the country, the business works with partners to help solve the student debt crisis and consult with borrowers on how to pay off their student debt.

Nobles County Human Resources Director Allison Heidebrink said county employees aren’t the only ones that would benefit from the program.

“I have a vested interest in this because my son has student loans. What I…

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Reliance Communications Reports Financial Results Amid Ongoing Insolvency Proceedings  TipRanks

Read the original article here

A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs.

Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators resulting in liabilities of at least 10 million yen ($63,000) in 2024 jumped over 30 percent to 72, up from 53 in 2023, Teikoku Databank Ltd. said.

Japanese ramen soup noodles typically combine meat and vegetable toppings with broth. Despite rising costs, the average price of a bowl of ramen is still under 700 yen, according to Teikoku Databank. A popular lunchtime staple or…

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Construction Contracts and the Corporate Insolvency and Governance Act 2020  Herbert Smith Freehills

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General Laws: The Negotiable Instruments Act, 1881The Transfer of Property Act, 1882The Code of Civil Procedure, 1908 (Sections 9, 10, 11, 26-32, 38- 45,60-64, 73, 75-78, 89 and Order 21) The Limitation Act, 1963The Prevention of Corruption Act, 1988 (Definition of public servant, Section 7-16 read with Section 29A of the Insolvency and Bankruptcy Code, 2016) and the Prevention of Money Laundering Act, 2002 (Sections: 2-8, 48, 63, 67, 71, 72) The Recovery of Debts and Bankruptcy Act, 1993The Arbitration and Conciliation Act, 1996The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002The Micro, Small and Medium Enterprises Development Act, 2006: (Classification of enterprises, Advisory…

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Bruno Mars pokes fun at gambling debt rumour  MSN

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As soon as his bi-weekly salary of $650 came to his hand, migrant worker Mani Arockiyasamy rushed to the Marina Bay Sands casino with $300 in hand and a target in mind.

With the aim of doubling his money, the 34-year-old from India, who works as a safety coordinator at a worksite, made a beeline for the craps game (where players bet on the outcome of a roll of dice).

In under an hour, his $300 was lost, and Mr Arockiyasamy headed for the ATM to draw the remainder of his wages. Eventually, he lost that too.

This wasn’t just a one-off incident but a recurring occurrence for him back in 2016. Back then, to feed his casino addiction, he borrowed money from friends under the pretense of going for courses, and by 2019, he was over…

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The former interpreter for Dodgers star Shohei Ohtani is set for sentencing Thursday for bank and tax fraud in the theft of nearly $17 million from the three-time Major League Baseball MVP’s bank account.

Ippei Mizuhara was scheduled for sentencing early Thursday afternoon in Orange County in the stunning scandal involving a man who was part of the inner circle of one the world’s most famous athletes. Federal authorities are seeking a prison sentence of four years and nine months. Prosecutors also want Mizuhara to pay $17 million in restitution to Ohtani and $1 million to the Internal Revenue Service.

Mizuhara pleaded guilty last year to bank and tax fraud. He was accused of stealing large amounts of money to…

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On August 31, 2022, Part V of the Cayman Islands Companies Act (the “Companies Act”) was amended to introduce the new role of a court-appointed “Restructuring Officer” and a dedicated “Restructuring Petition” (the “RO Regime”). The RO Regime was largely intended to replace the pre-existing restructuring framework by way of ‘light touch’ provisional liquidation (the “PL Regime”). The pre-existing PL Regime for restructuring was replaced with a broad and flexible discretionary test. Under the revised framework, pursuant to section 104(3) of the Companies Act, the Court may appoint joint provisional liquidators (JPLs) upon an application by a company “if it considers it appropriate to do so”.

However,…

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