Posted on: February 3, 2021, 11:43h. Last updated on: February 3, 2021, 12:17h. Devin O’Connor Read More Joel Silver, one of Hollywoods most successful producers over the last 40 years, reportedly paid a $1.7 gambling debt in 2014 for entertainment colleague Ron Meyer. Joel Silver (left) and Ron Meyer are seen here in 2014 at…
By Ben PriceBBC News image copyrightGetty Imagesimage captionMental health charity Hafal said it was being “swamped” by people needing help with their finances The pandemic is creating a “debt time-bomb” according to charities concerned about the impact it is having on people’s mental health. More than 280,000 people in Wales have fallen behind on payments…
Corporate insolvencies fell by 27.1 percent for 2020 in England and Wales but the statistics dont convey the distressed situation many businesses across the UK find themselves in, according to Azets restructuring and insolvency partner, Stephen Grant. At face value, the reduction in corporate insolvencies seems like cause for celebration, but these numbers mask the…
Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that halted its $37bn initial public offering last year, according to several people familiar with the situation. The proposed restructuring will involve Ant placing all of its major businesses, including its technology units, inside a financial…
President Joe Biden signs an executive order during an event in the State Dining Room of the White House on January 21, 2021, in Washington, D.C. (Photo by Alex Wong/Getty Images) Subscribe to The Nation Subscribe now for as little as $2 a month! Subscribe to The Nation Subscribe now for as little as $2…
There are several reasons a company might liquidate. It might be the case that the company is insolvent and no longer has a viable future, it cannot pay its debts, or perhaps it is sustainable but the director has chosen to retire. Whatever the situation, it is important to understand the differences between compulsory and…
Metamaterial Inc. of Dartmouth, developer of high-performance functional materials and nanocomposites, announced Tuesday it has acquired specialized lens casting production from Swiss company Interglass Technology AG, which is in liquidation. Metamaterial is paying US$800,000 to acquire equipment and intellectual property, including more than 70 international patents, from Interglass. It plans to invest and expand its…