(By Paul Virgo). (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria rescue was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal…
Restructuring is another name of power consolidation. For Chairman Xi Jinping, the Year of the Ram is one of good harvest. The telecommunication industry is most telling. This is a sector which has long rumoured to be the turf of his rivals. In June 2014, under order of the central government, the countrys three telcom…
A piggybank painted in the colours of the Greek flag stands amongst various euro coins in front of letters spelling the word ‘GREECE’ in this picture illustration taken in Berlin, Germany June 30, 2015. REUTERS/Pawel Kopczynski ATHENS (Reuters) – Greece’s EU lenders have been working on a plan to offer the country gradual debt relief…
Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…