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.
Elyssa Kirkham Updated on March 27, 2018 March 27, 2018March 27, 2018Refinancing & ConsolidationFeatured, Loans, Personal Finance1155Elyssa KirkhamSEO Using a
MUMBAI: Markets regulator Sebi today said it plans to amend norms pertaining to minimum public shareholding and other provisions as well as put in place additional disclosure requirements for listed corporates undergoing insolvency resolution process.
After approval from its board today, Sebi has come out with a discussion paper on compliance with Sebi Regulations by listed entities undergoing corporate insolvency resolution process under the IBC.
The proposal comes at a time when there are increasing number of cases coming up under the Insolvency and Bankruptcy Code (IBC) as entities look to address issues of stressed assets in a time-bound manner.
“Various issues flagged in the discussion paper include aspects relating …
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Hyundai Motor’s booth is seen near the Pyeongchang Olympic Plaza
in Pyeongchang Thomson
Reuters
By Hyunjoo Jin and Joyce Lee
SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor
Group will streamline its complex ownership structure, as it
responds to calls from the government and investors to reform the
country’s powerful family-controlled conglomerates or chaebol.
Hyundai Mobis Co Ltd , a key affiliate, will spin off its module
and after-service parts businesses and merge them with another
group affiliate, Hyundai Glovis .
Parent Hyundai Motor Group’s Chairman Chung Mong-koo and his son
Chung Eui-sun, who is vice chair…
NEW DELHI: The Securities and Exchange Board of India (Sebi) is set to hold its board meeting on Wednesday. The capital markets regulator is likely to discuss a host of issues, including ways to strengthen algo trading, amendments to rules on angel funds, mutual funds, buybacks, and takeovers.
Let’s check what could be in store.
Algo trading framework
The algorithmic trading framework is under the microscope. Sebi has proposed a review of the trading requirement to strengthen the algorithmic framework by mandating stock exchanges to provide a simulated market environment for testing of such software. The algo trade is of high frequency and has been under public glare because of an ongoing probe concerning leading stock exchange NSE….
Hyundai group to streamline ownership structure in reform push
SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor Group will streamline its complex ownership structure, as it responds to calls from the government and investors to reform the country’s powerful family-controlled conglomerates or chaebol.
Hyundai Mobis Co Ltd <012330.KS>, a key affiliate, will spin off its module and after-service parts businesses and merge them with another group affiliate, Hyundai Glovis <086280.KS>.
Parent Hyundai Motor Group’s Chairman Chung Mong-koo and his son Chung Eui-sun, who is vice chairman, will then buy stakes in Mobis held by…
International law firm DWF has appointed litigation partner Ricky Cannon to its debt recovery and finance litigation business in its Glasgow office in Scotland.
It has also hired Neale Tosh as an associate in the same team.
Both joined from Brodies where they both concentrated in business disputes and asset recovery.
Cannon has a particular interest and focus on motor and finance litigation and will work closely with national head of finance litigation John Perez on developing the practice into a market leading finance litigation offering across the UK and secure a larger proportion of the finance litigation market nationwide.
He has more than 16 years experience and has worked on a wide range of litigation including com…
SolarWorld was reported to have cited the expected expiry of EU tariffs on Chinese produced PV modules and the end to the MIP (Minimum Import Price) agreement this year as well as the general trend of continuous lowering of module average selling price (ASP) as reasons behind the start of insolvency proceedings. Image: SolarWorld
German-based monocrystalline PERC (Passivated Emitter Rear Cell) PV module manufacturer SolarWorld Industries has filed for bankruptcy a second time in less than a year.
The district court in Bonn has appointed Christoph Niering as the provisional insolvency administrator for the company.
SolarWorld was reported to have cited the expected expiry of EU tariffs on Chinese produced PV modules and the en…
TORONTO A well-connected Toronto mobster who had secretly been working with police to penetrate the citys powerful Mafia clans knew his time as a double agent was running out when a man he considers one of the most powerful mob bosses threatened him.
Carmine Guido had been a working as a police agent for nearly two years; 227 times he had been wired up by a special anti-Mafia police taskforce, recording audio and video of his meetings with alleged mobsters and drug traffickers as the centrepiece witness of a large probe into the citys Mafia clans.
Patricia Simpson (left), Heidi Campbell, two of the team who set up a stall at Glen Innes court to offer advice to those who may have fallen foul of the court previously.
Lawyers have been touring New England offering free advice to people in financial trouble.
They set up stall on the steps of the Court House in Glen Innes on Wednesday and talked to people about how they could cope with fines or other debts which were drowning them in money troubles.
The team from Legal Aid NSW said people had been coming to them on their trestle table on the veranda of the court. Glen Innes is part of a national tour by Legal Aid NSW.
What to do with serious debt.
The main advice they gave was that all is not lost when and if the nasty l…
A Beckley associate pastor paid off $43,000 in debt and will come to Weston this April hoping to help local residents get out from under their own financial burdens.
Financial coach Adam Justice, who profited from the financial principles of nationwide author and financial broadcaster Dave Ramsey, will give a two-day financial seminar at Broad Street United Methodist Church in Weston. The free seminar will be held from 6-9 p.m. April 6 and 8 a.m.-noon April 7.
A Boone County native and former Clarksburg pastor at North View United Methodist Church, Adam and wife Abby paid off $43,000 in 17 months. His last payment was i…
TORONTO A well-connected Toronto mobster who had secretly been working with police to penetrate the citys powerful Mafia clans knew his time as a double agent was running out when a man he considers one of the most powerful mob bosses threatened him.
Carmine Guido had been a working as a police agent for nearly two years; 227 times he had been wired up by a special anti-Mafia police taskforce, recording audio and video of his meetings with alleged mobsters and drug traffickers as the centrepiece witness of a large probe into the citys Mafia clans.
March 27, 2018March 27, 2018Refinancing & ConsolidationFeatured, Loans, Personal Finance1155Elyssa KirkhamSEO
Using a personal loan to consolidate debt can simplify your financial life. But this move is most worthwhile if you can get debt consolidation loan rates that are lower than what youre currently paying.
It can take some time to hunt down the best lenders that offer low debt consolidation loan rates. To help you out, we reviewed the rates and terms offered by several such lenders.
This overview can help you quickly find debt consolidation loan companies with the best rates. From there, you can find the lender that offers the best rates and terms to help you get ahead of…
