Estate planning is the process of structuring ones assets during ones lifetime to ensure that they are preserved and legally protected and that, in the event of death, those assets are transferred expediently and intentionally to successive generations. Its a serious exercise that everyone with assets should undertake although, sadly, many people fail to do…
Summary Companies Zambia received WWF plan offering conservation for debt relief Vast national parks are home to threatened wildlife Debt talks remain stalled over how much relief country requires LONDON, Jan 18 (Reuters) – Zambia received a “debt-for-nature swap” proposal as part of its $13 billion restructuring discussions, a move that while complex to secure…
Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter. The law firm was hired by FTX Group to handle the bankruptcy proceedings of several of its subsidiaries, including FTX International,…
Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter. FTX US is solvent, as it always as been.https://t.co/XjcyYFsoU0 pic.twitter.com/kn9Wm9wxjl SBF (@SBF_FTX) January 18, 2023 The law firm was hired by…
It’san ambitious project that was destined to be difficult. The mission:To turn the blistering heat of the Northern Territory into a solar energy powerhouse supplying electricity to Singapore and Darwin. The method: By building a giant 20-gigawatt solar farm supportedby the world’s biggest battery network that connects to Darwin, before continuing to Singapore via a…
Posted on: January 18, 2023, 12:02h. Last updated on: January 18, 2023, 12:53h. Erik Gibbs Read More A plan to vanish without a trace in order to cover his gambling losses went awry for a man in India. He thought he could incinerate a body as if it were his own and claim the insurance…
Wed, 18 Jan 2023 | BUSINESS NEWS New figures from the Insolvency Service have shown that corporate insolvencies increased sharply in December 2022, as UK companies struggled with rising costs, plummeting consumer sentiment and the end of COVID-19-related government support. The Insolvency Service reported that there were 1,964 company insolvencies in December 2022, up 32…
To further strengthen the insolvency law regime, the government on Wednesday proposed a raft of changes, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution…
Heritage Glass Group in Shrewsbury spent 60,000 on a new showroom and vehicles during lockdown Directors of Heritage Glass (Shrewsbury) held a board meeting on Tuesday and decided to place the company into a creditors’ voluntary liquidation with a financial black hole estimated to be about 800,000. The company, based at Racecourse Crescent, Monkmoor, had…
By Anne D’Innocenzio and Michelle Chapman|AP, NEW YORK Party City has filed for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending. The company, based in Woodcliff Lake, New Jersey, said that its franchise stores, subsidiaries outside of the U.S. and its foil balloons Anagram business are not part…