BIRMINGHAM, Ala. (AP) Police are investigating the slaying of a man found shot at an Alabama apartment complex.
Birmingham police say officers were called Sunday evening to the HighPointe Apartments complex. The victim was found shot in one of the apartments.
Al.com reports that police say their preliminary investigation shows the slaying may have results from an argument over a gambling debt or a dice game.
Police have not released the name of the victim.
A woman’s decomposing body was found in October in a wooded area at the same apartment complex. The woman was identified as 34-year-old Ieasha Shakinna Abrams, but th…
Read the full article at: http://www.theeagle.com/news/nation/police-alabama-slaying-may-have-been-over-gambling-dispute/article_65f973e5-1ea7-581c-a795-69e706740d25.html
Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan
OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices.
We would like to congratulate Andrew, Claire and Julie on their promotions, and welcome Raymond to the firm. We are confident that they will be successful in their new roles.
Andrew Croughan has been appointed senior associate and leads the firms personal insolvency practice. Mr Croughan has over 10 years experience advising on commercial litigation, dispute resolu…
Read the full article at: https://www.irishlegal.com/9796/osm-partners-appoint-four-new-senior-associates/
By Davide Barbuscia and Tom Arnold
DUBAI (Reuters) A detained Saudi billionaire who led the collapsed Saad Group is seeking to repay part of a multi-billion dollar debt to creditors under a deal that could allow his release, people familiar with the matter told Reuters.
The businessman, Maan al-Sanea, was detained in October in the kingdoms Eastern Province for unpaid debts, and has since been in a civil detention centre in the city of Khobar, according to several sources.
Reemas Group, a financial consultancy hired by Saad Group, has outlined a proposed settlement covering $4 billion in debt. In an email sent by Reemas to creditors, of copy of which Reuters has obtained, it s…
Read the full article at: http://www.euronews.com/2017/12/11/exclusive-detained-saudi-billionaire-al-sanea-seeks-to-end-debt-dispute
MUMBAI: Equipment maker Ericsson has roped in senior counsel Darius Khambata to represent it in its insolvency petition against Reliance Communication (RCom) at the National Company Law Tribunal (NCLT).
Khambata is also representing China Development Bank (CDB) in its insolvency plea against the Anil Ambani owned company to recover dues worth $1.78 billion (Rs 11,460 crore). The Bombay High Court lawyer said there was no intent to merge the cases at the moment, but “that would eventually happen once any of the insolvency petitions was admitted”.
The acceptance of insolvency will also supersede the strategic debt restructuring being carried out by RCom’s domestic lenders, he said. The insolvency petitions against RCom and i…
Read the full article at: https://economictimes.indiatimes.com/news/company/corporate-trends/ericsson-ropes-in-cdb-counsel-darius-khambata-in-fight-against-rcom/articleshow/62027219.cms
SINGAPORE, Dec. 12, 2017 /PRNewswire/ —
1. Introduction
1.1 The Board of Directors (the “Board“) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group“) refers to the announcements made on 31 August 2017, 4 September 2017 and 26 September 2017 (“Previous Announcements“). Unless otherwise defined, terms used in the Previous Announcements shall have the same meanings when used herein.
2.Update on Investment by the Potential Investors
2.1 It was announced in the Previous Announcement that, inter alia, the Term Sheet may be terminated, and the Restructuring Exercise contemplated may be abandoned, at any time prior to closing by any of the Potential Investors or the Company, …
Read the full article at: http://markets.businessinsider.com/news/stocks/EMAS-Offshore-Limited-Update-on-Proposed-Investment-Into-EMAS-Offshore-Limited-and-Restructuring-1010958590
Almost $13 trillion. Thats the eye-popping figure for total household debt as of September 30, 2017, according to the Federal Reserve Bank of New York. To put that in perspective, the former record was set in the first quarter of 2008, right before the onset of the financial crisis. Credit card debt, auto loan debt, student loan debt and mortgage debt are all on the rise (and while home equity loans and lines of credit decreased slightly, borrowing is projected to ramp up significantly in the next few years to come).
If youre one of the many resolving to get a handle on your debt in 2018, starting now could give you a significant head start. The good news: You don’t have to do it the old-fashioned way. Here are some tech tools to help yo…
Read the full article at: https://www.nbcnews.com/better/business/4-tech-tools-help-you-get-out-debt-faster-ncna828351
Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan
OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices.
We would like to congratulate Andrew, Claire and Julie on their promotions, and welcome Raymond to the firm. We are confident that they will be successful in their new roles.
Andrew Croughan has been appointed senior associate and leads the firms personal insolvency practice. Mr Croughan has over 10 years experience advising on commercial litigation, dispute resolu…
Read the full article at: http://www.irishlegal.com/9796/osm-partners-appoint-four-new-senior-associates/
Its highly unlikely that, in the two weeks before Christmas, the executive team at Toys R Us can do much to goose the bankrupt companys sales. The merchandise has been bought, the advertising circulars have been printed, the commercials filmed. The hard work of selling is now up to the front-line employees who, according to Glassdoors estimates, are making about $35,000 a year.
Yet its on behalf of just 17 senior executives that the company has successfully lobbied a US bankruptcy judge to approve as much as $21 million in bonuses, arguing that the executives need the incentive to get shoppers to buy as much as they can.
Where to start?
The goal of any retailer is to get shoppers to buy as much as they can. In poker parlance, those …
Read the full article at: https://work.qz.com/1151483/toys-r-us-got-a-bankruptcy-judge-to-approve-another-21-million-in-executive-bonuses/
The Swiss-based digital payment start-up Monetas has been declared bankrupt on Monday by a court in Zug. Its the latest blow for boss Johann Gevers, also under pressure regarding his role in the Tezos Foundation.
The decisionexternal link by the cantonal court in Zug where the start-up has been based since 2013 to send Monetas into liquidation comes after a series of ominous signs in recent months.
In October, a note to investors signed-off by Gevers lamented that progres…
Read the full article at: https://www.swissinfo.ch/eng/court-ruling_embattled-start-up-monetas-declared-bankrupt/43746584
WILLEMSTAD – Another one bites the dust. This time its the operator of the former Howard Johnson Hotel in downtown Otrabanda, EMC City Hotel. It has been declared bankrupt.
The bankruptcy has been requested by the owner of the building where the hotel and a casino are located, namely Emmazicht nv. The casino has been closed since May under the supervision of the Gaming Control Board (GCB), partly because the hotel has too few rooms and is actually not eligible for a casino license.
The hotel was in financial trouble because more than half of the rooms were not usable due to overdue maintenance, according to Enrica Janine Eustatia-Van Ierland, Director of the EM City Hotel.
The owners of the building will now initiate the pro…
Read the full article at: http://curacaochronicle.com/local/em-city-hotel-declared-bankrupt/