After an economically uncertain and sluggish 2018, offshore law firms are anticipating a need for restructuring and insolvency services in the region, and bulking up their teams in that practice area.
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Read the full article at: https://www.legalbusinessonline.com/features/ready-restructuring/77343
The Romanian Postal office has requested the insolvency of PRBA, the national postal operators insurance broker. The companys representatives made this decision as a result of analyzing the legal debt recovery options that PRBA had to register with the company. The broker has registered losses of RON 4 million in the last five years and receivables of RON 2 million.
In October 2014, the Romanian Post launched its own insurance broker, willing to implement innovative insurance products as quickly as possible, targeting the traditional customer segment of the national postal operator. Starting May 2015, the Romanian Post offered the possibility to conclude insurance policies in post offices in several cities in the country, aiming at 300…
Read the full article at: http://business-review.eu/business/romanian-postal-office-requests-insolvency-of-its-own-insurance-broker-197363
Bulgarias central bank said on March 1 that Dimitar Kostov, deputy governor of the Bulgarian National Bank (BNB) in charge of bank supervision, plans to submit his resignation to the countrys Parliament.
Kostov said that he had planned to resign in 2018 after intensive work in the past few years and carrying out the bulk of the planned reforms, but delayed his plans at the request of BNB governor Dimitar Radev, after Bulgaria applied last year for close co-operation with the European Central Bank (ECB), the first step towards joining the ERM II exchange rate mechanism.
Kostov said that now was a good time to step down given the very good working communication with the ECB and its Single Supervisory Mechanism, but also because the ECB stre…
Read the full article at: https://sofiaglobe.com/2019/03/01/bulgaria-deputy-central-bank-governor-for-bank-supervision-to-resign/
NEW YORK, March 01, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
AxoGen, Inc. (NASDAQ: AXGN)
Class Period: August 7, 2017 to December 18, 2018
Lead Plaintiff Deadline: March 11, 2019
According to the complaint, AxoGen, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company aggressively increased prices to mask lower sales; (2) the Companys pricing alienated customers and threatened the Companys future growth; (3) ambulatory surgery centers form a sign…
Read the full article at: https://globenewswire.com/news-release/2019/03/01/1745398/0/en/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-AXGN-YRIV-W-and-ATVI.html
Insolvency Solicitor NQ+
PW/1059
Our client is a longstanding and highly regarded commercial firm in Lancashire. It is a firm that has continued to defy the myth that high quality work can only be the preserve of large city practices.
The firm has grown organically over the years but represents a real key player in the North West as a result of which it has continued to attract a high calibre of lawyer often those coming from Manchester or Liverpool seeking a return closer to home without compromising on work quality.
This role arises within the insolvency and restructuring team which undertakes a broad mix of both personal and corporate insolvency across contentious and non-contentious matters.
The nature of the team and the role …
Read the full article at: http://www.thebusinessdesk.com/jobs/insolvency-solicitor-nq/
Update on the voting results of the 17th meeting of the Committee of Creditors of Viceroy Hotels Limited (CoC).
This is to inform you that the e-voting on the resolutions put to vote at the 17th meeting of the CoC of the Company commenced on 28 February 2019 at 02:00 p.m. and concluded on 01 March, 2019 at 02:00 p.m.
In this regard, please find enclosed the following outcome of E-Voting:
1. The COC decided to seek further extension of time up to 30 days for the CIRP period beyond the last date i.e., 06.03.2019, due to ongoing negotiations with the Resolution Applicants which are in advanced stage, in order to maximise the stakeholders value.
Pdf Link:
Viceroy Hotels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/viceroy-hotels-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26408504.ece
Crown prerogative dates back to the Magna Carta entitling the monarch to absolute priority for revenue related debt. Come 6 April 2020 will we really be heading back to feudal times and 1215?
The proposal to reinstate Crown preference was announced as part of the Autumn Budget last year and came as a surprise to many. The expected consultation paper published by HMRC this week seeks the views of individuals, shareholders, directors, lenders, companies and insolvency practitioners on the proposal to reinstate Crown preference in part.
However whilst this is a consultation, one might conclude from the language of the paper that t…
Read the full article at: https://www.natlawreview.com/article/hmrc-versus-company-rescue-hmrc-issues-consultation-paper-proposed-return-crown
Ayalon controlling shareholdercalled to hearing over conduct
Levy Rachmani, the founder and controlling shareholder of insurer Ayal…
Read the full article at: https://www.haaretz.com/israel-news/business/business-in-brief-robotic-parking-garages-unitronics-to-split-into-two-companies-1.6981269
This is to inform you that the application filed by Anchor Leasing Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with rule 4 of Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 before National Company Law Tribunal, Mumbai Bench has been admitted by the Honble Tribunal vide its Order dated February 25, 2019 which was made available on February 27, 2019. The commencement of the Corporate Insolvency Resolution Process is effective from the date of the Order.
Further, Mr. Arun Kapoor having registration No. IBBI/IPA-003/IP-N00030/2017-18/10230 has been appointed as Interim Resolution Professional to conduct the Insolvency Resolution Process.
Pdf Link:
Euro Ceramics Ltd. – Corpo…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/euro-ceramics-ltd-corporate-insolvency-resolution-process-cirp-appointment-of-interim-resolution-professional-irp/article26394975.ece
Editors note: The following article contains information only. It is not intended as general or personal advice. Your Money recommends seeking professional advice specific to your personal circumstances.
When you apply for a loan or credit card, your credit score goes a long way to determining whether youre successful.
With an excellent credit score, the financial world is your oyster. Youll be able to borrow more money from a wider range of lenders often at a better rate.
But if your credit score is bad, the reverse is also true.
Lenders will restrict the amount theyll lend you and the products from which you can choose. In fact, if its very bad, you may not be able to secure fin…
Read the full article at: https://www.yourmoney.com.au/wealth/credit-and-loans/why-your-credit-score-matters-and-how-to-fix-it/
The women gambling with their marriages, careers and even their lives: It starts with harmless smartphone games, warns a top addiction therapist
- Addiction expert Liz Karter, examines the increasing number of female gamblers
- She says many are using gambling to numb pain, anxiety and depression
- Fiona Smithburned through a 40,000 inheritance gambling on her phone
- Kelly Field, 36, has a70,000 debt from gambling that inspired an ITV drama
- She recalls considering suicide before seeking help from an addiction service
- Sarah Grant, 32, spent nine weeks in prison for stealing 1,900 from a friend
…
Read the full article at: https://www.dailymail.co.uk/femail/article-6752665/The-women-gambling-marriages-careers-lives.html