The Bucharest Court approved yesterday the insolvency request of ELCEN, a state-owned power producer that also provides the heat and hot water distributed in Bucharest. KPMG was appointed the companys judicial administrator. According to the company, its total debts have reached EUR 402 million whereas its claims amount to EUR 827 million. The company has…
Standard Bank declared bankrupt, and ADIF becomes its liquidator Baku, Fineko/abc.az. Commercial Bank Standard, the activities of which discontinued from 1 October, has been declared bankrupt. The Azerbaijani Deposit Insurance Fund (ADIF) informs that it was done by Decision #2-1(81)-4498/2016 of the Baku Administrative & Economic Court #1. By the same decision, ADIF was appointed…
Boutique nightclub in Melbourne’s inner south-east has been targeted in what’s believed to be a drive-by shooting. Sources close to the well-known club in Prahran say at least three shots were fired into the front door and first floor window overnight on Thursday. No reports have been made to police about suspected gunshots to Boutique. Photo: Instagram/15minutesoffameaustralia Photographs…
American star was held at gunpoint in the early hours of Monday morning Thieves escaped with jewellery worth an estimated $8.5 million Kanye West immediately cancelled New York concert after hearing of robbery Bodyguard Pascal Duvier was with sisters Kourtney and Kendall at the time of the raid Duvier lodged claim for company insolvency in hometown…
PANAJI: Depositors, creditors, shareholders of companies that go bust have lot to look forward to from the newly notified Insolvency and Bankruptcy Code (IBC) 2016, according to the Institute of Company Secretaries of India (ICSI). Institute members, who met up at a symposium in EDC House, Panaji on Thursday, said that recent changes in insolvency…
Harlequin Property SVG has formally entered insolvency proceedings, which could lead to its liquidation and heavy losses for thousands of investors. According to Harlequin, it has taken the action to allow the company a maximum of six months to work with a professional trustee to assist it to sort out its business affairs, and does…
Kim’s bodyguard was at a Paris nightclub when she was robbed on Monday Reality star, 35, was asleep in Paris suite alone when five gunman burst in Mum-of-two begged for her life as she was bound and gagged Pascal Duvier, 43, has been widely criticised for not protecting her against robbery MailOnline has revealed how…
Pascal Duvier lodged claim for company insolvency in hometown of Heidelberg, Germany, on July 22 Claim relates to Duvier’s ProtectSecurity firm, which has racked up total debts of 1,093,518 Father-of-two Duvier has run the firm for 19 years and boasted of running security for a host of stars But lawyer tells MailOnline: ‘There is so…
Oct 6 Azerbaijan’s mid-sized lender Bank Standard has been declared bankrupt, the Azeri Deposit Insurance Fund said on Thursday. The bank’s license was revoked from Oct. 1 and the fund operated as its liquidator. The fund received 460 million manats ($288 million) in state credits from the central bank on Tuesday in order to give…
Baku, Azerbaijan, Oct. 6 By Anvar Mammadov Trend: Azerbaijans Bank Standard JSC has been declared bankrupt according to the decision, dated Oct. 4, 2016, of the countrys Baku Administrative-Economical Court No1, said the Azerbaijan Deposit Insurance Fund (ADIF) in a message posted on its website Oct. 6. The message said that ADIF has been appointed…