A Co Galway couple were overcharged 1.23 million by KBC Bank Ireland after they were incorrectly moved to higher interest-rate mortgages on their properties instead of a tracker rate. It is the biggest single case of overcharging by a bank to emerge in the tracker mortgage scandal, which has cost almost 1 billion and so…
1/52 25 February 2018 Victims of the Northern Ireland Troubles come together to take part in the Time for truth march through Belfast city centre against the stalled efforts in dealing with Northern Ireland’s legacy issues. Rex 2/52 24 February 2018 Oxford University Boat Club race in preparation for The Cancer Research UK Boat Race…
Embattled insurance company CBL Corporation has put itself into voluntary administration to protect itself from the fallout of its troubled European business. (file photo) Photo: 123rf The company, which provides specialist insurance for the construction industry, said KordaMentha had been appointed as voluntary administrators for the New Zealand parts of the CBL group. “The directors…
With bidders and owners of companies that defaulted on debt repayments complaining of arbitrary use and interpretations of the Insolvency and Bankruptcy Code (IBC) by insolvency resolution professionals (IRPs) and lenders, more cases relating to non-performing assets (NPAs) resolution are likely to head to court. While the resolution process of Binani Cement, Videocon Industries,…
Billy Kenber Phil Shiner, 61, was found guilty of professional misconduct last yearJOHN STILLWELL/PA A lawyer who brought false claims against British soldiers who fought in Iraq has had his bankruptcy extended by five years after he tried to avoid paying creditors by transferring almost £500,000 of assets to his family. Phil Shiner, 61, was…
West Australian subcontractors have been saddled with further debts totalling hundreds of thousands of dollars after major civil landscaping company BCL Group went into liquidation. The Wangara-based company’s collapse comes as the latest blow to the construction sector, after Cooper and Oxley and Choice Living both went into administration in the past month. BCL…
Crippled with a debt of US$877 million (S$1.16 billion), offshore services provider Otto Marine is seeking insolvency protection from the High Court in a bid to salvage the company and stave off liquidation. The troubled company, which has been delisted from the Singapore Exchange (SGX), filed an application last week to be placed under judicial…
Monday, 26 February 2018, 9:57 amPress Release: KordaMentha KordaMentha New Zealand partners Brendon Gibson and Neale Jackson were appointed Voluntary Administrators by the Board of CBL Corporation Ltd (and certain of its subsidiaries) on 23 February 2018. Administrator Brendon Gibson said: We are working closely with CBLs management and its directors to execute strategies that…
Precedent Communications was operating at a substantial loss in the years leading up to the website developer being blamed for the biggest data breach in Australian history. The company fell into liquidation in December last year, 13 months after it was revealed that the personal records of 550,000 donors to the Red Cross Blood Service…
Columnists Sunday, February 25, 2018 22:00 By TEUTA KACANIKU | A lack of creditworthiness. Often, this is the most critical obstacle to implementing investment programmes. FILE PHOTO | NMG Sector reform is a familiar concept for anyone working in the energy sector, particularly in developing countries. Typically, it involves measures such as building an institutional…