Sept 29 (Reuters) – The founder of China Evergrande (3333.HK), the world’s most indebted property developer, is being investigated for “illegal crimes”, a fresh challenge for the tycoon and his embattled company as it struggles to stay afloat. Hui Ka Yan, 64, who founded Evergrande in 1996 in the southern Chinese province of Guangdong, is…
We have reviewed the best IVA options in the UK and have found 123 Debt Fix to be the best option. They have an expert team of accredited advisors that are on hand to give you the best financial advice. Navigating debt consolidation is a daunting task for many individuals living in the UK. If…
(BBB) If you are working on managing your money better and paying down your debts, a debt consolidation app can help you track and manage what you owe. However, each app takes a slightly different approach. Before investing time (and potentially money) in one, know how they work and which will best help you. Read…
Morrison Forester is pleased to announce that it has successfully guided CalPlant to emergence from its chapter 11 bankruptcy proceedings. Prior to its bankruptcy case, CalPlant constructed the worlds first plant intended to convert rice straw (a waste product of rice production) into high-quality, environmentally friendly, and competitively priced medium-density fiberboard (MDF). Construction of the…
By Fay Simmons Tribune Business Reporter [email protected] The Attorney General yesterday branded The Bahamas corporate insolvency regime as a joke and pledged to reform outdated laws and regulations that continue to undermine the financial services industrys competitiveness. Ryan Pinder KC renewed his promise to make The Bahamas a near shore Delaware through overhauling the bankruptcy…
Reuters. Citigroup Inc (NYSE:)., a prominent player in the Banks industry according to InvestingPro Tips, is undergoing its most substantial restructuring in two decades, aiming to address a 40% decline in its stock value and a reduced market worth of $79 billion. This strategic move, initiated by CEO Jane Fraser in collaboration with Boston Consulting…
What did the court say? The court granted the compensation order. In deciding whether to grant the order, the court had to wrestle with the question of calculation. The only other application for a compensation order to date (Re Noble Vintners Ltd [2019] EWHC 2806 (Ch)) concerned a breach of directors duty. For most kinds…
Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause. Consumer protection advocates say that the Biden administrations student debt relief efforts, the subsequent halting of those policies by the courts, and the restart of student loan payments…
Hindustan Zinc on Friday said that its board has authorised the Committee of Directors (CoD) to evaluate appropriate corporate restructuring exercise. The Board of Directors of the company have decided that considering the scale, nature, and potential opportunities for various business verticals of the company, it should undertake a comprehensive review of its corporate structure…