NEW DELHI: The Insolvency & Bankruptcy Board of India has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interest of all stakeholders. This move is aimed at protecting the interests of home buyers of real estate players such as Jaypee Infratech and…
BERLIN (AP) Bankrupt German airline Air Berlin says it’s preparing to end flights at the end of October. The dpa news agency reported Monday that in a letter to employees the airline, Germany’s second largest, said that flights under the airline code AB “according to the current state of things, will no longer be possible…
When it comes to preparing a succession plan, it’s probably not at the top of the typical entrepreneur or business owner’s to-do list. Preparing for the next generation of leadership and putting a succession plan in place takes time, planning and thoughtful execution. Related: Now Is the Time to Think About Your Small-Business Succession Plan As business…
The notion of companies helping employees pay off their student loans has been hailed by experts, the media (including this outlet) and policy makers as the next 401(k). But glitches in the way student loan companies process and apply the payments could be standing in the way of the perk becoming more ubiquitous. Mounting concern…
Bankrupt German airline Air Berlin says it’s preparing to end flights at the end of October. The dpa news agency reported Monday that in a letter to employees the airline, Germany’s second largest, said that flights under the airline code AB “according to the current state of things, will no longer be possible after October…
News Jessica Fino 9 Oct 2017 03:28pm The impact of Brexit in the UK economy is likely to drive the number of insolvencies over the next two years, according to ICAEW … Read the full article at: http://economia.icaew.com/en/news/october-2017/brexit-to-drive-up-business-insolvencies
Bankrupt German airline Air Berlin says it’s preparing to end flights at the end of October. The dpa news agency reported Monday that in a letter to employees the airline, Germany’s second largest, said that flights under the airline code AB “according to the current state of things, will no longer be possible after October…
With its cumbersome and ineffective apparatus, Vietnam Railways (VNR) plans to restructure its operations to resurface and regain market share. Pressure for change After many years of declining revenue and profit, VNRs business operations have produced positive signs. Notably, in the third quarter of this year, VNR reported increases in both passenger volume (3.77 million)…
HYDERABAD: The National Company Law Tribunal (NCLT), in a rare move, decided to reject the insolvency petition filed by a corporate in the ‘interest of the nation’ despite the company and lenders pleading liquidation while claiming to have explored available options. Rejecting the petition filed by Anrak Aluminium, a joint venture between India’s Penna Cement…
Image copyright Green Marine Image caption Green Marine moved to a state-of-the-art facility at Hythe seven years ago. A boat builder, involved with leading yachting events including the Volvo Ocean Race and America’s Cup, has gone into liquidation. Green Marine, based in Hythe, Hampshire, has ceased trading with the loss of 46 jobs. Established in…