Abengoa Reports $1.3 Billion Loss Amid Fight Against Insolvency – Bloomberg

Abengoa SA, the Spanish renewable-energy company scrambling to avoid bankruptcy, reported a 1.2 billion-euro ($1.3 billion) loss for 2015 after its business was revalued amid a financial restructuring process. The Seville-based company shifted to a loss after posting net income of 125.3 million euros the previous year, according to a regulatory filing Monday. The loss…

Consultant calls high insolvency rates ‘a troubling trend’ – CBC.ca

A St. John’s financial consultant who helps people cope with unmanageable debt says a spike in the number of personal insolvencies in oil-producing provinces is a sign of the times.  “We’re talking about almost 2,000 filings a year and, for a small province such as Newfoundland, [that’s] a pretty big number. It’s not insignificant,” said Sean Stack,…

John Marshall Law School Bankruptcy Professor Jason Kilborn Invited to Join International Insolvency Institute – GlobeNewswire (press release)

CHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) — Professor Jason Kilborn from The John Marshall Law School in Chicago has been asked to join the prestigious International Insolvency Institute, an invitation-only organization of leading bankruptcy and restructuring professionals. Over the past decade, Kilborn has focused his academic research on a comparison of bankruptcy and insolvency in…

Staff use of personal devices can complicate recovery of IP in insolvency situations, says expert – Out-Law.com

Insolvency law specialist Nick Pike of Pinsent Masons, the law firm behind Out-Law.com, said that in most situations business-related IP stored on electronic devices used by staff for work purposes will belong to the company. He said it is common for administrators to look to “secure and preserve” that IP when they are appointed following…

Regulator issues record £350000 fine over PPI mis-selling calls – The Guardian

A company that illegally sold on personal information and plagued members of the public with more than 46m automated nuisance calls relating to Payment Protection Insurance (PPI) mis-selling claims has received a record £350,000 fine. The Information Commissioners Office (ICO), the governments data protection regulator, handed out the largest fine in its history to Prodial,…