(Adds background) Nov 10 Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million). An OKD spokesman said the lawsuit was filed with the regional court in the Czech Republic city…
By Reuters Published: 04:54 +11:00, 11 November 2016 | Updated: 04:54 +11:00, 11 November 2016 e-mail PRAGUE, Nov 10 (Reuters) – Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million).…
Applecross-based PDC Group has entered into an agreement for the sale of its building information modelling management business to a US construction services firm for an undisclosed sum. DBM Global, a steel construction services business and a subsidiary of diversified New York Stock Exchange-listed financial services firm HC2 Holdings, has agreed to buy PDC BIM,…
Mr Smyth’s assets once included penthouse apartments at an exclusive address in New York, and high-profile commercial property in London and Dublin. His bankruptcy effectively marks the final disintegration of his empire, which has unravelled over the past few years. Mr Smyth’s wife, Ita, has also been declared bankrupt. The businessman is the founder of…
Romanian state-owned energy complex Complexul Energetic Hunedoara will exit insolvency after the Alba Iulia Court of Appeal decided yesterday to cancel the decision of the Hunedoara Court from June, which approved the companys insolvency. The decision of the Alba Iulia Court of Appeal is final. The insolvency house GMC SPRL Craiova, which has managed the…
Donald Trump congratulates Newt Gingrich for his widely panned interview with Megyn Kelly (Screen cap). The election season has brought endless surprises and there seems no end in sight. Yet despite the discovery of new troves of email perhaps the biggest surprise still remains the rise of Donald Trump. Even if he loses, its worth…
09:56 09/11/2016 MOSCOW, November 9 (RAPSI) – The Commercial Court of North-West District has upheld a lower courts decision refusing to recognize ex-CEO of JFC Group Vladimir Kekhmans bankruptcy, declared by the High Court of London, valid in Russia, according to court records. On August 3, the St. Petersburg Commercial Court ruled that Kekhman…
Wednesday, November 9, 2016 Three out of four companies in the consumer goods sector (FMCG) have above average insolvency risk in the next 12 months, according to a market analysis presented by Coface and EY. According to the document Analysis of consumer goods with big circulation speed (FMCG)made by the international credit insurance company Coface…
09:56 09/11/2016 MOSCOW, November 9 (RAPSI) – The Commercial Court of North-West District has upheld a lower courts decision refusing to recognize ex-CEO of JFC Group Vladimir Kekhmans bankruptcy, declared by the High Court of London, valid in Russia, according to court records. On August 3, the St. Petersburg Commercial Court ruled that Kekhman…
The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Registrar Daniel Caporale ordered that costs of $7203 be paid from the estate. By November 08, 2016…