Press contacts Romain Sadet Press officer +32 2 281 89 14 +32 473 86 54 37 The Council today agreed its position on the business insolvency directive. The directive aims at providing access by viable enterprises in financial difficulties to preventive…
In a move influenced by a company-wide restructuring effort, Ford plans to cut jobs from its global salaried workforce, which the company told Business Insider consists of about 70,000 workers. Ford officials told The Detroit News that the cuts were expected to come by the second quarter of 2019 but that they didnt know which…
By Amitabh Kant & Richa Roy The Insolvency and Bankruptcy Code (IBC), 2016, is among the most crucial structural reforms undertaken by this government. Yet, for IBC to be effective, the principles at the heart of the legislation must be respected. First, there has to be timely outcomes within 180 days (270 days for rare,…
The move follows an investigation by the Insolvency Service. The company operated a website www.bluethornetrading.com. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petitions. The provisional liquidator also has the power to investigate the affairs of the companies…
During 2014-2016 refinancing policy pursued by the NBU was aimed at maintenance of banking system from financial collapse. Along with the change in environmental conditions shifted the emphasis and priorities in the aims and objectives of monetary policy. Features of the external environment in which the banking system, require from the National Bank of Ukraine…
Intimation of liquidation process and appointment of Liquidator in the matter of M/S Jinprabhu Infrastructure Developments Limited (Formerly CRB Share Custodian Services Limited) This is to inform you that Pursuant under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015, in respect of application for liquidation under Section 33(l)(a) of the Insolvency and Bankruptcy…
Japanese brewer Kirin will attempt to recoup some of the $2 billion it has blown on Australian dairy and drinks investments over the past 11 years by selling leading brands such as KIng Island cheese, Dairy Farmers milk and Farmers Union yoghurt. Kirin has kicked off a formal sale process for its $1.8 billion Australian…
Columnists Tuesday, October 9, 2018 19:25 By BASTON WOODLAND | No investor or creditor ever wants to see a company in trouble, even though at times insolvency is inevitable. FILE PHOTO | NMG Capitalism without insolvency is like Christianity without hell. Even if a company spends itself into insolvency until it doesnt recover, creditors would…
The Thirteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 27 September 2018 at 11:00 AM at Orion Room, The Learning Galaxy. 8 th Floor, Iconic Wing, Urmi Estate, 95, Lower Parel (West), Mumbai 400013, India. The outcome is enclosed in the letter. Pdf Link: Ramsarup Industries Ltd. – Corporate…
Norton Rose Fulbright (NRF) was the legal adviser of an Australian-founded medicinal cannabis company on its IPO and listing on the ASX. Althea Group raised $19.65m in its fully subscribed IPO, which NRF said had strong participation from institutional and professional investors from around the world. It was also supported by Toronto-listed Aphria, which is…