MUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
Dec 29 Moscow Exchange: * AKB RBR shares to be excluded from trading as of Dec. 30 due to the fact the company has been declared insolvent Source text – bit.ly/1IAXBWf Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN14I00920151229
An Estonian court has formally declared the Baltic nation’s state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting of creditors scheduled…
MUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
Prime Minister Malcolm Turnbull before his announcement of the National Innovation and Science Agenda at the CSIRO Discovery Centre. Alex Ellinghausen Annual income tax rebates of up to $200,000 for retail investors and relaxed bankruptcy laws to encourage risk-taking are at the centre of the federal government’s push to boost innovation that Prime Minster Malcolm Turnbull says is…
John Daly takes us through the highlights form the first half of the business year. Up to 60% of companies intended to give their staff pay rises in 2015, with only 1% intending to cut them. Picture: Denis Minihane JANUARY The year began on an optimistic note with up to 60% of companies intending to give…
Comments (0) It’s been a busy year here in South West Wales, so why not take a look back at some of the biggest stories of 2015, starting with January. YOU can just come out and say you’re pregnant. Or, you can turn the whole thing into a video, set it to some emotional music with…
2015-12-25T14:58+02:00 14:58 25.12.2015 The National Bank of Ukraine (NBU) has declared insolvent Ukrinbank (Kyiv), the regulator said on its website. The decision is outlined in NBU resolution No. 934 of December 24, 2015. The NBU explained that operation of Ukrinbank was not in line with the requirements of banking laws and the central bank’s acts,…
Thursday, December 24, 2015 The government decided on Wednesday to postpone by one year, till December 2016, the enforcement of the Personal Insolvency Law, government’s spokesman Dan Suciu told a press conference at the Victoria Palace. “We ended up in this situation because none of the implementation steps set forth under the law has been…
Its bonus season, and while many in the junk bond market should expect coal in their stocking, the rest of Wall Street remains hopeful that Santa Claus remembers them this year. Given the Feds rate hike, though, more than a few financiers are losing faith. It would help, perhaps, if Wall Street had a direct…