DWP plans for future debt management system UKAuthority
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The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), in partnership with Polaris Bank, has called for strengthened efforts to regulate insolvency, enhance corporate restructuring and support business recovery processes in Nigeria.
BRIPAN President, Chimezie Victor Ihekweazu, said this yesterday during a courtesy visit to the Managing Director/Chief Executive Officer (CEO) of Polaris Bank, Kayode Lawal.
BRIPAN’s executives were received by Lawal, alongside the Executive Director, Retail and Commercial Banking, Chris Ofikulu, and Head Legal and Company Secretary, Pirzing Binwa.
The meeting highlighted ways to collaborate with commercial institutions, including small and medium-sized business…
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Global financial and risk advisory Kroll has acquired Dublin-based corporate insolvency specialist Kirby Healy.
Myles Kirby who hails from Cork and John Healy from Co Mayo established Kirby Healy Chartered Accountants in August 2016. The firm specialises in corporate insolvency, fraud investigations, white-collar crime, forensic accounting, and shareholder disputes. Mr Kirby specialises in involvencies, often involving cross-border enforcement, while Mr Healy specialises in forensic accounting and expert witness work with a focus on matrimonial, partnership and shareholder disputes.
“Joining Kroll unlocks new strategic growth opportunities for us and enhances our ability to deliver complex mandates locally and cross-border. It gives…
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SINGAPORE – Entertainment company mm2 Asia on Sept 3 said the
voluntary liquidation of Cathay Cineplexes
is not expected to adversely impact its core businesses or continuing operations.
Instead, liquidating the struggling cinema chain may improve the group’s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic, said mm2.
This was in response to queries raised by the Singapore Exchange regarding the creditors’ voluntary liquidation of Cathay, which was announced earlier this week. Shortly after, the cinema chain – which owes money to the landlords of several of its outlets – ceased operations.
In a bourse filing on Sept 3, mm2 explained that Cathay’s weak…
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MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.
The government wants the…
