New Delhi: The government plans to put in place a fasttrack resolution process for start-ups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft norms in this regard. The proposal…
An annual decline in the total figures had continued steadily since 2010, in parallel with improving economic factors, bar a couple of quarter blips, such as rising employment and GDP. But now the Insolvency Services official statistics point to a new pattern for this year, and they probably ask as many questions about the state…
“; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break; } break; } } var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”;…
Vanessa White is thought to have made £1.6million with girlband the Saturdays She’s released two solo albums since leaving the band but neither have troubled the charts She’s now received huge cash boost to help her career abroad in the Philippines It comes from a government funded Music Export Scheme, also backing Radio 1 artists…
Vanessa White is thought to have made £1.6million with girlband the Saturdays She’s released two solo albums since leaving the band but neither have troubled the charts She’s now received huge cash boost to help her career abroad in the Philippines It comes from a government funded Music Export Scheme, also backing Radio 1 artists…
An annual decline in the total figures had continued steadily since 2010, in parallel with improving economic factors, bar a couple of quarter blips, such as rising employment and GDP. But now the Insolvency Services official statistics point to a new pattern for this year, and they probably ask as many questions about the state…
GLENVILLE After more than 50 years in business, Ike Morris, owner of Waco Oil and Gas, has decided to retire. The 79-year-old businessman and philanthropist said his age was a big factor in the decision. Were going to shut down the contract work and everything, Morris said. Were still in the royalty and land business,…
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Neil Unmack LONDON, April 21 (Reuters Breakingviews) – The German lender’s latest U.S. regulatory thwack comes as it asks creditors to swap bail-in bonds for SEC-registered ones with clearer terms. It implicitly tests Berlin‘s model for resolving banks. It’s also a…
THE number of Scottish corporate insolvencies in the first quarter was down 19 per cent on a year earlier, with business failure levels now back at normal levels, analysis by KPMG shows. Blair Nimmo, head of restructuring at KPMG, declared the accountancy firm had seen the return of some stability to the Scottish oil and…
There has been a recent development in the case of EU insurer Enterprise Insurance several months after it was declared insolvent. Earlier this week, the Gibraltar Financial Services Commission (GFSC) appointed Tony Woodcock and John Fordham of Stephenson Harwood LLP as independent inspectors to investigate the insolvency of Enterprise and the conduct of its directors…