By BENSON WAMBUGUMore by this Author Imenti Central Member of Parliament Gideon Mwiti is on the brink of being declared bankrupt for his alleged inability to repay a Sh6.1 million bank loan obtained through a collapsed pyramid scheme. If he is finally adjudged insolvent, Mwiti will become the second sitting Member of Parliament after Cabinet…
Patrick Kluivert Reportedly Owed Criminal Gang over 1M in Gambling Debts | Bleacher Report “,”duration”:61,”description”:null,”author_name”:”Team Stream Now”,”article_type”:”uber_article”,”analytics”:{“video_id”:17907,”title”:”How ‘Crazy’ LaVar Ball Raised Lonzo, LiAngelo, and LaMelo as Basketball Royalty”,”stream”:”College Basketball”,”published_at”:”2017-03-24T14:23:05.266000″,”id”:”2b79060d-3393-4267-ad80-ad7dedddb519″},”amp_url”:null,”ad_stitched_url”:null},”media_width”:null,”media_url”:null,”media_id”:null,”media_height”:null,”hook_type”:”photo”,”autoplay”:false}},{“url_hash”:”2dc610d6519fa4ec541afda29d7ad6c8987cb716fe4b310a4680304b90de607a”,”url”:”http://www.ncaa.com/march… Read the full article at: http://bleacherreport.com/articles/2699976-patrick-kluivert-reportedly-owed-criminal-gang-over-eur1m-in-gambling-debt
An insurer’s pre-insolvency denial of coverage, without judicial confirmation, does not defeat a covered claim under the Pennsylvania Property and Casualty Insurance Guaranty Association Act, the state Superior Court has ruled. A unanimous three-judge panel ruled March 21 in Green v. Pennsylvania Property and Casualty Insurance Guaranty Association that James Green can proceed in his…
An insurer’s pre-insolvency denial of coverage, without judicial confirmation, does not defeat a covered claim under the Pennsylvania Property and Casualty Insurance Guaranty Association Act, the state Superior Court has ruled. A unanimous three-judge panel ruled March 21 in Green v. Pennsylvania Property and Casualty Insurance Guaranty Association that James Green can proceed in his…
Currently, Shanghai ChemPartner’s intention is to enter the capital market in China, mainly through a merger approach. By listing on either the Shanghai or Shenzhen stock exchange, ChemPartner seeks to leverage the capital market in China. Similar strategies have been adopted by several industry leaders. “ShangPharma is committed to the best interests of our employees,…
One of three companies taken to court by the government over unpaid ground rent for the Casino di Venezia site in Vittoriosa has been declared bankrupt by a court and is to be liquidated. The company, Vittoriosa Gaming Ltd (VGL) also owns all the shares in another of the companies that are…
In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG) properties; one at StarWorld and the other at Galaxy Macau. The same month GEG issued letters to Iao Kun linked promoters Sang Lung Gaming Promotion Company Limited…
interview By Co-Pierre Georg, University of Cape Town and Qobolwakhe Dube Is South Africa safe from systemic risk in its financial system? Systemic risk can lead to the collapse of financial markets as happened in the 2008/09 global financial crisis. In a new study Qobolwakhe Dube and Co-Pierre Georg provide new insights into the extent…
The taxpayer is set to wear a heftier price tag from failed companies after a landmark ruling on employee entitlements. In a key Supreme Court of Victoria ruling this week, Justice Ross Robson found the receivers to the company Amerind should not reimburse $3.8 million to the Commonwealth as a priority creditor. Employment minister Senator Michaelia…
Introduction Group-wide pre-bankruptcy agreements Rordorf Commission draft proposal Comment Introduction The Rordorf Commission was established by the minister of justice on January 28 2015, with the aim of developing draft legislation to reform the existing Insolvency Act.(1) On February 10 2016 the commission finalised its draft legislation and recommended a new approach to safeguard financially…