The liquidation of a council-run energy company is due to complete more than a year after it was taken in-house. Enviroenergy had operated as a separate company, providing heating for around 5,000 homes and 70 businesses including the city’s Motorpoint Arena. A decision was made by Nottingham City Council in 2021 to bring it in-house…
By Ben Zigterman (November 28, 2023, 6:55 PM EST) — Joint trustees in England for the bankruptcy estate of Henry Gabay, a co-founder of the defunct global asset manager Duet Group, filed a Chapter 15 bankruptcy petition on Monday in New York seeking recognition of Gabay’s personal insolvency in the United Kingdom…. Read the full…
In this State of the Economy podcast, businessLines KR Srivats, Senior Deputy Editor, discusses the recent landmark Supreme Court judgement on personal guarantors insolvency in India with Dhananjay Kumar, Partner, Cyril Amarchand & Mangaldas, a leading law firm. By upholding the constitutional validity of Insolvency and Bankruptcy Code (IBC) provisions related to personal guarantors insolvency…
Michael was just 17 when he placed his first bet on a horse race. Key points: The federal government is considering reforms to online gambling A parliamentary inquiry has recommended a complete ban on gambling advertising within three years A regional Queensland man says the accessibility of gambling through apps and advertising make it difficult for people…
Byju’s, a leading player in the edtech sector, is undergoing significant changes in its leadership and structure. Anil Goel, who has been serving as the Chief Technology Officer (CTO) of Byju’s, is set to leave the company. This move is part of a larger restructuring process that the Bengaluru-based startup is currently implementing to streamline…
From almost 60 per cent as of December 2019, the share of liquidations in the mode of closure of total Insolvency and Bankruptcy Code (IBC) cases came down to 44 per cent till September 2023, data by the Insolvency and Bankruptcy Board of India (IBBI) shows. Experts say the decreasing trend in liquidations under the…
Stephen Morris Nov 28, 2023 5.28pm London | Barclays is exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut 1 billion ($1.9 billion) of costs. Barclays executives have met several times this year to thrash out the restructuring,…
You may be able to get your lenders to write off some, or all of, your credit card debt. ValentinRusanov/Getty Images Credit card debt is nothing new in the United States. But according to the U.S. Government Accountability Office, the level of credit card debt consumers face has reached record highs. Today, Americans owe more…
HEALTHS financial reserves have depleted to such an extraordinarily low level that the department would be declared bankrupt if it were a UK council, according to an adviser and senior manager. The department has already used 3.1 million of its reserves to deal with additional pressures between August and September this year. And according to…
Nearly 60 Hong Kong public sector households have been found to own private flats in the wake of a get-tough policy designed to crack down on abuse of the system. Permanent Secretary for Housing Rosanna Law Shuk-pui said the 59 offenders were caught after officials carried out property checks on 57,000 people in 25,000 households…