Sheikh Khalifa, the President, on Monday issued the long-awaited new federal bankruptcy law by decree, according to the state news agency Wam. The law, which contains elements of bankruptcy protection laws from jurisdictions including France, Germany and the Netherlands, provides, for the first time, a comprehensive legal framework to help distressed companies avoid bankruptcy and…
Posted 44 minutes agoShare Print The number of UK companies struggling to stay afloat has fallen in a further sign that the economy is holding up after the Brexit vote. In the three months after the referendum on 23 June, the number of firms in significant financial distress fell 6% to 248,916 from the preceding…
A convicted tobacco smuggler has been stripped of a prime parcel of riverside land in Kent to meet his more than £4m debt to the public purse. Robert Doran was jailed for four and a half years in 2012 for bankrolling a large-scale cigarette smuggling operation. The Dubai-based businessman was ordered to pay £1.45m, which…
This month we speak to Setfords Solicitors to find out more about the business Business name: Setfords Solicitors Office location: National, Pool Innovation Centre, and Truro Cornwall, Chancery Lane London, Jenna House Guildford. When was the business founded: 2006 How many employees: As well as a team of full-time lawyers based in our Guildford office we…
Written by Sarah Iasiello, October 24, 2016 Poor LiLo just cant catch a break! Following a string of personal crises, 30 year-old Mean Girls star Lindsay Lohan is facing the possibility of declaring bankruptcy after she reportedly failed to pay rent on her London home (worth around $5.5 million). Lawyers for the landlord of the property have…
Family First senator Bob Day is set to return to the Senate chamber to vote for the government’s industrial relations legislation despite announcing his resignation from Parliament. The South Australian announced his resignation last week after his housing construction empire went into liquidation, but is yet to hand his formal resignation to Senate President Stephen Parry. Previous slide…
Smashing Pumpkins frontman Billy Corgan, previously a producer at TNA Wrestling, was named President of TNAs parent company Impact Ventures in August. Rumors spread about the companys financial troubles and Corgan talked to the press about potentially becoming the majority owner of the company. Last week, Corgan sued Impact Ventures and asked for a temporary restraining order; the details were kept under…
A Victorian bricklayer who tried to murder two council workers after they went to his property to inspect illegally constructed buildings will spend at least seven-and-a-half years behind bars. Jonas Black was sentenced in the Supreme Court of Victoria on Monday after a lengthy dispute over the sheds turned violent at his remote bush block…
Oct. 23, 2016 5:51 p.m. ET Their owners may be bankrupt, but the sprawling mines of Wyomings Powder River Basin are still churning out coal. It is the same story in oil fields along the Gulf Coast and with shale-gas wells in the Rocky Mountains. Energy investors have long hoped that falling prices would solve…
The number of people seeking debt relief has almost doubled compared to last year, as rules protecting insolvency arrangements from bank objections continued to make themselves felt. The third quarter of the year saw a continued upturn in applications to the Insolvency Service of Ireland (ISI) with 899 people seeking debt arrangements 22 per cent…