Wed, 23 Nov 2016 Companies registered with the Island’s Gambling Supervision Commission have donated more than £700,000 to help tackle problem gambling over the last three financial years. Licence holders are expected to provide funds to help treat, prevent and support problem gambling. Economic Development Minister Laurence Skelly revealed the numbers in this week’s sitting…
BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): Creditors (funds managed or advised by Paulson & Co., Monarch Alternative Capital (Europe) Ltd and Amber Capital UK Holdings Ltd) representing approximately 37% of the outstanding debt and parties to the agreement with the Company on the revised financial restructuring plan announced on 3 November 2016, have sent…
NEW DELHI: Not-for-profit companies having a minimum net worth of Rs 10 crore will be eligible to act as an insolvency professional agency under the Insolvency and Bankruptcy Code. Moving ahead with implementation of the Code, two sets of regulations have been notified by the Insolvency and Bankruptcy Board of India (IBBI). The Model Bye-Laws…
Aberdeen oil and gas firm Xcite Energy has confirmed a request has been made to the Eastern Caribbean Supreme Court in the British Virgin Islands requesting, amongst other things, that the company be placed into liquidation. The hearing is scheduled for December 5. Xcite Energy announced the court action update at 4pm on Tuesday. Shares…
Airbus’s logo is seen during Japan Aerospace 2016 air show in Tokyo Thomson Reuters PARIS (Reuters) – Restructuring plans at planemaker Airbus could result in 780 job cuts, French business newspaper Les Echos reported on Wednesday, citing an estimate from the CFTC trade union. Airbus Group in September announced it would merge with its planemaking…
New Delhi, Nov 23 (PTI) Not-for-profit companies having a minimum net worth of Rs 10 crore will be eligible to act as an insolvency professional agency under the Insolvency and Bankruptcy Code. Moving ahead with implementation of the Code, two sets of regulations have been notified by the Insolvency and Bankruptcy Board of India (IBBI).…
The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred under section 240 of the Insolvency and Bankruptcy Code, 2016, has notified the following two regulations yesterday: The Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, and The Insolvency and…
If you want to build a multi-property portfolio, it’s time to understand how to make other people’s money work for you. In an advertising campaign both bold and heart wrenching, UBank has questioned whether the Australian dream of home ownership is worth slaving for. In a 60-second film, six Australians diagnosed with a terminal illness…
The aim is to avoid bankruptcies and save jobs. Ireland already has an examinership system, modelled on the US rules that allows the courts to impose deals on creditors in order to save jobs. The proposed EU rules go further. In a bid to encourage risk-taking start-ups, the proposal would make it easier for entrepreneurs…
Almost 40 prospective Canberra home owners, as well as an unknown number of sub-contractors, face an uncertain future following Today’s Homes and Lifestyle Pty Ltd’s decision to go into voluntary administration. The Fyshwick based company, which was first registered in 1994 and trades as Today’s Homes, has placed itself in the hands of Deloitte Restructuring…