With rising number of cases under the Insolvency and Bankruptcy Code, the government has set up a 14-member panel to identify and suggest ways to address issues faced in implementation of the law. The Insolvency Law Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, would take stock of the implementation of the Code, according to…
Boris Becker says he doesn’t feel German any more and wants to be buried in his “home” – Wimbledon. The three-time Wimbledon champ, who was this year declared bankrupt, was born and raised in Leiman, Germany, but has lived in London for several years. He currently lives just 2,300 steps away from the All England…
World Rugby has denied a claim by the Samoan Rugby Union (SRU) that they are bankrupt and have promised to continue to back development of the sport in the Pacific Islands. Samoan rugby was declared bankrupt by Prime Minister and SRU chairman Tuila’epa Sailele Malielegaoi before the team faced Scotland on Saturday (November 11). However…
ATM operator Stargroup, which had plans to convert its some of its machines to digital currency Bitcoin, is trading as normal despite going into administration. This week Richard Tucker and John Bumbak of insolvency experts KordaMentha Restructuring were appointed as receivers and managers. The companys latest annual report showed debt of $9.1 million. Today Goldfields…
November 20, 2017 20:50 ET | Source: Quest Rare Minerals Ltd. MONTREAL, Nov. 20, 2017 (GLOBE NEWSWIRE) — Quest Rare Minerals Ltd. (the “Company” or “Quest”) announced that on November 16, 2017, the Superior Court of Québec granted Quest Rare Minerals motion for an extension of the delay to file a proposal pursuant…
HONG KONG: Reliance Communications Ltd, the mobile phone operator that defaulted on dollar bonds last week in the highest-profile debt failure since the countrys new Bankruptcy Code was passed, faces risks of insolvency if it cant sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. We think the valuations they…
Blair Nimmo named as global head of insolvency at KPMG 20 November 2017 From the section Scotland business Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for…
A man withdraws money from an ATM at a branch of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) in Hanoi, Vietnam Nov 15, 2017. (Reuters photo) HANOI: Vietnam’s national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government…
Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for a large team handling all aspects of personal insolvency, both in Scotland and England. Mr Nimmo succeeds Richard…
HANOI, Nov 20 (Reuters) – Vietnams national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government website said. Approval of a bill establishing the right to declare bankruptcies came about five years after the start of a banking…