Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement following approval by the IMF Executive Board on a financing package for Sudan:
Today, the IMF Executive Board approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of debt relief to Sudan. This financing plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from IMF internal resources.
This marks a critical step in helping Sudan advance the process of normalizing relations with the international community and make progress towards achieving debt relief under the Heavily-Indebted Poor Country (HIPC) Initiat…
Read the full article at: https://www.miragenews.com/imf-managing-director-kristalina-georgieva-557594/
Gambling ‘whiz kid’ accused of owing investors $126million insists the money is ‘safe as houses’ despite being declared BANKRUPT in court
- Creditors claim they’re owed $126million by 27-year-old bet hedger Chris Brown
- He said money is safe despite being declared bankrupt, having his assets frozen
- Mr Brown’s business activitieswere funded by backers including schoolmates
- His own grandparents are suing Mr Brown for $83,000 they say he owes them
A gambling whiz kid who flaunted his lavish lifestyle before going underground amid claims he owed investors $126million has …
Read the full article at: https://www.dailymail.co.uk/news/article-9562359/Mastermind-betting-scheme-Chris-Brown-says-172M-declared-bankrupt.html
Telson Mining Corporation is pleased to announce a restructuring of its Board of Directors to better reflect and support the current growth of the Company as it continues construction of its flagship Tahuehueto Gold mine, improves efficiencies and metal recoveries at its Campo Morado operating mine and progresses on its development towards becoming a mid-tier metal producer in Mexico.
Telson Mining Corporation (TSXV: TSN) (OTC Pink: SOHFF) (FSE: TSGN) (Telson or the Company is pleased to announce a restructuring of its Board of Directors, the execution of a Financial Advisory Agreement with Endeavour Financial and a corporate name change, all to better reflect and support the current growth of the Company as it continues construct…
Read the full article at: https://investingnews.com/news/company-news/telson-announces-restructure-of-board-of-directors-corporate-name-change-and-engagement-of-endeavour-financial-as-financial-advisor/
A sharp fall in company collapses masks the financial pain about to emerge from the pandemic, East Anglian insolvency experts are warning.
The East of England branch of insolvency and restructuring trade body R3 is urging company bosses to plan ahead for the withdrawal of government support schemes.
Ironically, the latest government figures for England and Wales show a record low in quarterly insolvencies. The first quarter of 2021 recorded a 21.9% fall, taking the previous quarters total of 3,053 down to 2,384. Year-on-year, the latest figure was 38.3% lower than in the same quarter of 2020 when 3,863 were recorded.
But R3 Eastern chairman Alistair Bacon said it was clear that a sharp rise in insolvencies is on the horizon.
The fall …
Read the full article at: https://www.eadt.co.uk/news/business/r3-east-insolvency-experts-warn-of-insolvency-spike-7961810
Directors of companies often tender their resignation during the Corporate Insolvency Resolution Process (CIRP). Therefore, a pertinent question arises as to whether such resignation requires acceptance/approval from the Interim Resolution Professional (IRP) or the Resolution Professional (RP) or the Committee of Creditors (CoC) of the corporate debtor
Furthermore, it is often contended that directors of a corporate debtor must continue in order to ensure smooth completion of the CIRP. Hence, in addition to checking whether RP/IRP/CoC approval is required for acceptance of resignation of a director during CIRP, this article also tends to examine whether directors are required to remain with a corporate debtor to ensure their assistan…
Read the full article at: https://www.barandbench.com/columns/resignation-of-directors-during-the-corporate-insolvency-resolution-process
9News found Chris Brown as he admitted he’s been lying low. In an exclusive interview, he claimed the missing money is as safe as houses.
The 27-year-old said there’d be no issues with finding the $126 million he says he still has.
When asked why he doesn’t pay his investors back, Mr Brown said it was in the courts at the moment and the receivers will handle it, and described it as being “safe as houses”.
Mr Brown has been li…
Read the full article at: https://www.9news.com.au/national/chris-brown-betting-scheme-declared-bankrupt-claims-money-is-safe/d17e51d3-5ead-416e-a001-809626125616
SINGAPORE – The relationship between the Government and newsrooms should not be affected even as Singapore Press Holdings (SPH) restructures its media business into a model that can receive state funding, said Minister for Communications and Information S. Iswaran.
In a ministerial statement on Monday (May 10), he said the Government “does not intend nor expect” the transfer of SPH Media to a company limited by guarantee (CLG) to affect the relationship between his ministry and the SPH newsrooms.
“The Government is mindful that our local news media must remain credible institutions that are trusted by Singaporeans, and that it remains the responsibility of the editors and journalists in SPH Media to report news and diverse opinions obje…
Read the full article at: https://www.straitstimes.com/singapore/sph-restructuring-high-quality-media-reporting-news-by-sporeans-for-sporeans-essential-to