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OvaScience (NASDAQ: OVAS) today provided a corporate update. The Company announced initial clinical data from its ongoing Phase 1 trial of OvaPrime in women with primary ovarian insufficiency (POI) and poor ovarian response (POR). In an interim safety analysis of the first 20 patients followed for six months post-egg precursor (EggPCSM) cell reintroduction, OvaPrime was generally safe and well-tolerated. OvaScience has decided to close enrollment in this Phase 1 study at 78 patients, for a modified intent-to-treat (mITT) population of 60, and to progress OvaPrime into a multi-center Phase 1b/2a trial in women with POI or POR…
Read the full article at: https://www.streetinsider.com/Corporate News/OvaScience (OVAS) Reports Update on Phase 1 Clinical Trial of OvaPrime; Announces Corporate Restructuring & Appoints James Lillie Ph.D. as Chief Scientific Officer/13649290.html
Leading debt advice company welcomes the new Debt Respite Bill proposed by Kelly Tolhurst MP, and said it can’t be implemented quick enough.
Scotland, United Kingdom – January 3, 2018 – (Newswire.com)
The new debt respite bill which is due to be implemented by February 2018 strives to place a duty of care on lenders to grant respite for families with children and young people in debt.
Kelly Tolhurst MP has proposed a bill in parliament that aims to give families and young people breathing space when trying to make debt repayments. At present, record numbers of people are affected by debt in the UK. High interest charges, fees and enforcement actions can make it increasingly more difficult …
Read the full article at: http://www.digitaljournal.com/pr/3611251
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The sale of budget airline Niki to IAG, owner of British Airways, could hit turbulence tomorrow when a Berlin court is set to decide whether to reverse its insolvency filing.
IAG agreed last Friday to pay 20 million for the business, part of the failed Air Berlin group, and make it part of its low-cost unit Vueling. Under the deal it would provide up to 16.5 million in additional liquidity to the company.
Niki filed for insolvency last month after Lufthansa scrapped plans to buy the Austrian unit, grounding the airlines 20-plane fleet and stranding thousands of passengers.
Fairplane, a law firm seeking to recover…
Read the full article at: https://www.thetimes.co.uk/article/legal-challenge-could-halt-nikis-20m-sale-to-iag-mcwrxmv62
The Insolvency and Bankruptcy Code, 2016 has been in news since its inception due to the innovative and time-bound resolution framework. The Code intends to provide an efficient resolution to the menace of outstanding debts by the corporates and other persons due to the banks and other institutions. The intention is essentially to clean up the system and thereby providing a boost to the economy.
Since its admission of the first case under the Code — the Innovative Industries matter — there have been many cases presented under the IBC dealing with various legal aspects of the Code. The Code, being a recent legislation, is at an evolving stage and one can observe that with almost with every other case, several concepts of the Code have be…
Read the full article at: http://www.firstpost.com/business/insolvency-and-bankruptcy-code-an-efficient-mechanism-for-tackling-npas-but-resolution-professionals-face-challenges-4283949.html
Mediation not only democratises insolvency resolution processes, but creates an inclusive space that benefits all parties
What would you do when opponents resolve their differences and settle disputes? You would pat them on their backs and wish them well. The Supreme Court exercised its special powers under Article 142 of the Constitution of India to do just that, in two cases involving the settlement of claims between creditors and debtor companies.
This gesture came in cases filed by the creditors against some companies before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (Code). Article 142 gives powers to the SC to pass such orders as are necessary for doing complete justice in any …
Read the full article at: http://www.thehindubusinessline.com/opinion/the-best-way-to-settle-corporate-disputes/article10010263.ece
Richmond could be one of the communities to benefit after more than a million dollars was created by the provincial government to tackle gambling addiction.
The B.C. government announced two weeks ago that $1.2 million in funding would be immediately dedicated to new, front-line, out-of-casino services such as early intervention, counselling and harm reduction – run by the Gaming Policy and Enforcement Branch (GPEB).
However, that cash wont be available to the GPEB until April 1, when it transfers the running of the GameSense Advisory program to the BCLC.
GPEB will keep the $1.2 million in funding that was previously dedicated to …
Read the full article at: http://www.richmond-news.com/news/more-gambling-addiction-help-on-way-after-april-1-1.23134577
Wednesday 03 January 2018
Article by Ceyda Erem
Its day three of 2018 and for many Aussies, the new year, new me high it still going strong. Were chomping down on salads, lacing up our trainers and dusting off our piggy banks.
But if one of your goals for 2018 is to finally get that mountain of debt off your back, Westpacs new unsecured personal loan offer may be the sign youve been looking for.
If you consolidate your debt with Westpacs unsecured personal loan, youll receive a 1% p.a discount on their annual interest rate, which currently sits at 12.99%.
RELATED: Could a personal loan save you from Christmas credit card interest?
However, while there isnt an Aussies alive who doesnt love a discount in any form, its still worth qu…
Read the full article at: https://mozo.com.au/personal-loans/articles/could-westpac-s-new-personal-loan-offer-help-aussies-blast-debt-in-2-18
The last year saw banks take blow after blow- be it the forced recognition of bad loans or taking companies to bankruptcy courts. While the recognition part is over, resolution holds the key for realising the benefits.
The Man who would bear the burden!
Forget finance minister Arun Jaitley, or the Reserve Bank of India Governor Urjit Patel. The man who could deliver for the Indian banking industry in the new year is none other than MS Sahoo, the chairman of the Insolvency and Bankruptcy Board of India (IBBI).
While the two most powerful men in Indian finance have promised funds and forced recognition of bad loans, the harder task is in resolving these mountains of bad loans. And that lies with Sahoo.
The seaso…
Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/banking/2018-it-will-be-a-year-of-heavy-lifting-for-banking-sector/articleshow/62346816.cms
