Serie C side Vicenza have been declared bankrupt by a tribunal this afternoon, bringing 115 years of history to an end. The Lanerossis players havent been paid since September, and have taken strike action in recent weeks. Today a tribunal formally declared the club bankrupt, so control of the club will pass to a bankruptcy…
11:47, 18 January 2018 9 Ukraine’s Deposit Guarantee Fund in 2017 paid depositors of insolvent banks UAH 7.058 billion (US$246.2 million), which was by 50% down from UAH 14.936 billion ($521 million) in 2016, according to the Fund’s press service. Photo from UNIAN At the same time, the Fund in 2017 received UAH 3.315 billion…
Travel and Tourism Agents are extremely concerned with the current situation at Air Malta especially in the light of recent statements reported in the media regarding the airline’s future related to the stalemate in ongoing the dispute with the pilots’ union. This statement was issued before news of an agreement between the…
The company behind the Wanderlust festivals in Australia and New Zealand has been placed into liquidation. And there is definitely no calming for the burgeoning group of creditors who claim they are owed tens of thousands of dollars. scenestr has been contacted by local suppliers and small busnesses claiming they are owed from $300 to…
ET Bureau| Jan 18, 2018, 12.54 PM IST If relationship with any of the above comes to notice or arises subsequently, it has to be notified within three days of such notice, said IBBI. MUMBAI: Insolvency professionals will now have to disclose their relationship with all associated parties including the corporate borrower and lenders within…
Josephine Cumbo, Pensions Correspondent January 18, 2018 Carillions 27,500 member pension scheme was placed on a risk list by UK authorities in autumn last year, as the troubled construction company was still being awarded government contracts. Carillion entered insolvency on Monday with the Pension Protection Fund, the industry scheme that pays compensation to pension plan…
Last assets of Masakeni to be auctioned today It is the end of the road for a Port Elizabeth construction company, with its last remaining assets going on auction today. Masakeni Construction, previously based in Markman, was declared insolvent in May and had to let go 300 employees in July. The companys former director,…
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge), announced today that the Company has added three new members to its Board of Managers (the Board) to direct the business and affairs of the Company and the Debtors chapter 11 restructuring efforts. This Board…