One of the top 15 tour operators in Romania, Mareea, filed for insolvency on Friday, September 2, due to cash-flow issues. About 1,100 of the companys clients, who had paid for holidays, will not be served, according to Romanias National Tourism Authority ANT. The total value of the contracts that Mareea cant honor is EUR…
TORONTO, Sept. 2, 2016 /PRNewswire/ – iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (ISD.V) (ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America today provides an update to its previous announcement on the late filing of its annual audited financial statements, management discussion…
New data released by Vision-Net.ie shows that this August saw an average of just under two companies being declared insolvent each day – down slightly on the previous August when 70 companies ceased trading. The professional services sector was hardest hit this August and accounted for 14 (23%) of the insolvencies recorded. The construction sector…
Nigeria: Restructuring & Insolvency Practice Area Review 2016 September 2016 By Etigwe Uwa, Streamsowers & Köhn In legal parlance, restructuring of a corporate entity is effected upon a declaration of insolvency or to avert insolvency or in some cases for the expansion of the business base of such organisation. In the case of statutory…
China is hoping to find a recipe to revive global economic growth when it hosts its first G20 summit this Sunday, but challenges are mounting in the form of domestic problems and regional tensions, with this weeks suicide car bombing at the Chinese embassy in Kyrgyzstan only adding to them. Around 40 world leaders are…
A woman passes by PrivatBank office in Kyiv. Photo by Anastasia Vlasova Investment in fixed assets rises to 9.6 percent Ukraine saw a rise in fixed asset investment during the first half of the year, recording a leap to 9.6 percent growth for the first six months of 2016. his follows a relatively tepid 0.7…
A woman passes by PrivatBank office in Kyiv. Photo by Anastasia Vlasova Investment in fixed assets rises to 9.6 percent Ukraine saw a rise in fixed asset investment during the first half of the year, recording a leap to 9.6 percent growth for the first six months of 2016. his follows a relatively tepid 0.7…
Durban – A Durban businessman has accused the trustee of a relatives insolvent estate of acting dishonestly and unethically by apparently choosing to keep the R85 000 he deposited to buy their Newlands West property after they were declared insolvent. This allegation was contained in an urgent application before Judge Themba Sishi on Monday. File…
Durban – A businessman has accused the trustee of a relatives insolvent estate of acting dishonestly and unethically by apparently choosing to keep the R85 000 he deposited to buy their Newlands West property after they were declared insolvent. This allegation was contained in an urgent application before Judge Themba Sishi on Monday. However, Rakesh…