NEW YORK, Feb. 18, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
The regional airline Flybmi has formally appointed the restructuring firm BDO as administrators after ceasing to trade on Saturday. The airlines immediate owner, British Midland Regional, operated 17 regional jet aircraft on routes to 25 European cities but cancelled hundreds of flights at short notice over the weekend, leaving numerous passengers stranded. Thousands of passengers…
Time taken to appoint Resolution Professional to be excluded from CIRP: NCLT Varun Marwah February 18 2019 Now time taken from the admission of a case by the NCLT till the appointment of the Interim Resolution Professional (IRP), will also be excluded from the IBC timelines, the Mumbai Bench has held. In the case of…
Trade unions have called on government to absorb Bosasa, now trading asAfrican Global Operations Group,workers after the company announced it would enter voluntary liquidation as a result of FNB and Absa closing its accounts. The company issued a statement on Monday, saying that 4500 workers would lose their jobs. “It is with deep regret that…
Mumbai: There is a need to strengthen the insolvency resolution process by having deterrents against failure or delays in implementing resolutions plans, a report said Monday. In the last two years, Insolvency and Bankruptcy Code (IBC) was implemented, three concluded corporate insolvency resolution process (CIRPs) being brought back to the National Company Law Tribunals (NCLTs),…
NEW YORK, Feb. 18, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
In the wake of the Hayne Royal Commission final report, the concept of shareholder primacy is now being examined, writes AICD Communications Executive Shelley Dempsey. Experts and directors react to the report here and discuss how to focus on more long-term non-financial measures. After the findings of the Hayne Royal Commission final report, robust debate…
[Los Angeles, CA, 2-18-2019] Debt Arbitration Marketresearch analysis is a highly useful tool in the hands of market players that allows them to effectively assess the global Debt Arbitration market and know where they stand in the industry in terms of revenue or sales growth. It comprehensively evaluates the global Debt Arbitration market…
By Kipchumba Some An Italian construction conglomerate that is building three mega dams in the Rift Valley worth more than Sh90 billion is being investigated for allegedly bribing senior government officials to win tenders. CMC di Ravenna is alleged to have paid a bribe of an unknown amount from a Sh4.9 billion down payment it…
The order placing TMF Services Ltd into provisional liquidation followed a hearing at the High Court on 14 February 2019 of an application issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. The company is concerned with trading in non-ferrous, precious and scrap metals, as well…