There has been a major battle for Germany’s second largest airline that could see it broken up as bidders stake their claims. A final decision on the airline’s future is expected on September 25. An airplane operated by German airline Air Berlin sits on the tarmac at the airport in Munich, southern Germany, on September…
The case, which will now be heard by the High Court, has implications for hundreds of others, with some observers warning the future of a key part of Ireland’s insolvency regime may hinge on the outcome. The Circuit Court ruled earlier this month that debtors’ personal insolvency practitioners (PIPs), and not debtors themselves, must seek…
MUMBAI: In late June, one of India’s top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000. Two weeks on, the matter was settled, with dues paid off. The case illustrates how small creditors and vendors, previously at the mercy of large debtors,…
F1 CEO Chase Carey says he would like the Indian Grand Prix to return down the road, insisting the Asian country is an important market for the sport. India hosted three Grands Prix between 2011-13 at Greater Noida’s Buddh International Circuit, before bureaucratic and taxation hurdles forced F1 out of the country. While the financial…
There has been a major battle for Germany’s second largest airline that could see it broken up as bidders stake their claims. A final decision on the airline’s future is expected on September 25. An airplane operated by German airline Air Berlin sits on the tarmac at the airport in Munich, southern Germany, on September…
One of the best ways to do this is to consider saving into a retirement fund. We have found that political uncertainty and market volatility, not to mention the pressure of a shrinking economy, may lead many investors to allocate the bare minimum to retirement funds. These funds, however, offer a number of distinct benefits…
Independent Member for Indi Cathy McGowan has sought further government action on the superannuation emergency affecting Indi residents to the tune of nearly $23 million. Ms McGowan has introduced a motion to Parliament urging the government to adopt all 32 recommendations of a Senate report on Superannuation Guarantee non-compliance. The government will introduce a package…
By Sebastian Shakespeare for the Daily Mail Published: 09:51 +10:00, 15 September 2017 | Updated: 10:48 +10:00, 15 September 2017 e-mail 3 View comments Boris Beckers wife Lilly has spoken for the first time about the marriage difficulties theyve been going through since he was declared bankrupt in the summer Boris Beckers wife Lilly has…
Transaero Airline has been declared bankrupt by the Commercial Court of Saint Petersburg and Leningrad region, Russias TASS agency reported Sept. 13. Russias Sberbank filed a bankruptcy motion against Transaero on Oct. 19, 2015; the court put the airline under external supervision in December 2015. External supervision representatives said at the court Sept. 13 they…
By: Alan Burkitt-Gray Published on: Thursday, September 14, 2017 Ericsson takes three RCom units to Indian bankruptcy court but RCom says it will challenge the petitions Reliance Communications (RCom) says it intends to challenge petitions by Ericsson against it and two of its telecoms subsidiaries over alleged non-payment of debts totalling 11.55 billion rupees ($180…