Victoria Mutual Building Society, VMBS, a mortgage bank with various non-banking companies under its wings, was on Thursday granted approval by the Supreme Court to move ahead with its plan for restructuring the group. The Supreme Courts granting of order approving VMBS Scheme of Arrangement for the restructuring for the building society and its subsidiaries,…
Yandex N.V.(NASDAQ: YNDX), often described as Russias Google, sought Vladimir Putins permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian presidents approval,…
New Delhi, Nov 25 (IANS) The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties (NS: ) and Infrastructure. The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional. The classes of creditors ascertained…
Contents: General Legislation What main legislation is applicable to insolvencies and reorganisations? The Corporations Act 2001 (Cth) (the Act) is the primary piece of federal legislation that governs the registration, administration, insolvency and reorganisation of companies incorporated in Australia. The Act prescribes, among other things, the manner to administer and regulate the winding up, liquidation,…
By Christian Lee Money can be tight in the current climate and it is often hard to know where to go for help. Here is a list of services and organisations that can provide help and support for people living in West Leeds with financial problems. – Advertisement – One of the biggest sources of…
Yandex N.V.YNDX, often described as Russias Google, sought Vladimir Putins permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian presidents approval, in…
5 spectacular Indian failures that warns about the perils of excessive debt | Unsplash – Melinda Gimpel According to government data, in June this year, as many as 1,999 cases of corporate insolvency resolutions process were ongoing under the insolvency law. In total, the Insolvency and Bankruptcy Board of India (IBBI) have received 6,231 complaints…
BANGKOK, Nov 25 (Reuters) – Thai Airways International PCL (THAI.BK) said on Friday that Chai Eamsiri would become the company’s chief executive officer from Feb. 1, as it proceeds with a pandemic-driven restructuring plan. Chai, currently the firm’s chief financial officer, was chosen for the top job from 53 internal and external candidates, the company…
Its been pretty fraught for everyone in the mortgage market over the past month or so, albeit with a slightly morestable period, hopefully, now emerging. However, with rates settling at much higher levels than consumers have been used to, there are principles and actions that may make sense for some of your most difficult-to-help clients,…
The Russian entity of mobile developer Game Insight has been officially declared bankrupt. In addition to that, a criminal case has been opened against its leadership, with the company owing millions to its former employees. What is known about Game Insight Russias bankruptcy? As reported by Russian newspaper Izvestia, the Moscow Arbitration Court issued a…