Article 0 Comments McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors and officers (D&O) policy and is triggered automatically by an insolvency event. This extension allows protection to remain in place for directors and…
The total credit card debt for all Americans is now more than $1 trillion and more than half of all Americans carry their credit card balance from month to month. If you are determined to start paying down your credit card balances, there are ways to attack the problem. Experts say there’s usually a good…
The recovery rate from personal guarantors under the Insolvency Bankruptcy Code (IBC), which currently stands at 5.22 per cent, is likely to rise post the Supreme Courts ruling affirming the constitutionality of the IBC provisions regarding Personal Guarantors Insolvency Resolution, said a report by CareEdge Ratings. The Supreme Court upheld the constitutionality of IBC provisions…
TOKYO, Nov 20 (Reuters) – Shares of Japan’s Panasonic Holdings (6752.T) have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit’s potential listing raised broader restructuring hopes. The shares surged for a second session on Monday after posting their biggest one-day jump…
Shares in German drugs-to-pesticides group Bayer tumbled to a 12-year low on Monday after revealing it had pulled the pin on a large late-stage trial testing a new anti-clotting drug. Bayer aborted its phase III trial on asundexian early on the back of a recommendation from the Independent Data Monitoring Committee, which concluded the candidate…
Greater system flexibility and microservices architecture means hyper-personalized recommendations for people in UK needing debt advice Global analytics software leader FICO today announced that StepChange, the UKs leading debt advice charity, will use FICO Platform to help assess people in problem debt. StepChange will use the flexibility and hyper-personalisation of the platform to recommend the…
As these families have less disposable income and savings, they are more susceptible to falling into debt or arrears when faced with unexpected events like retrenchment or health issues. Even a relatively small debt can have a severe impact on lower-income families financially, psychologically and emotionally, the ministry said. To help these families, MSF will…
Dainton Beer enters voluntary administration to facilitate a financial restructuring of the business Daicom Australia Pty Ltd trading as Dainton Beer (Dainton), has announced their decision to appoint an administrator to help facilitate a financial restructuring of the business. Dainton operates a craft brewery and taphouse in Carrum Downs and a second taphouse in Croydon.…
Dainton Beer have today become the latest brewing company to file for voluntary administration, citing the need to restructure debts in order to continue operating as a profitable business. In a media release, the owners said they had “taken this step to deal with financial losses the business has accrued from ill-timed expansion in the face…
Reuters. LEVERKUSEN – Bayer AG (ETR:) has ceased its phase III asundexian trial early based on the recommendation from the Independent Data Monitoring Committee (IDMC). The IDMC concluded that asundexian was less effective than apixaban, a current standard treatment, in preventing strokes in patients with atrial fibrillation at risk of stroke. This decision was announced…