17 August 2016 17:11 (UTC+04:00) 80 By Nigar Abbasova Two Azerbaijani banks Caucasus Development Bank and Atrabank have been declared bankrupt, Azerbaijan Deposit Insurance Fund (ADIF) reported on August 17. The decision on the bankruptcy was taken by the Baku administrative-economic court 1. ADIF has been appointed a liquidator of the two banks. The Central…
FATHER and son directors have been disqualified for a combined eight and a half years for causing and allowing a company to trade while insolvent being at the risk of HMRC and to the fathers benefit. Robert (63) and Brett Newmark (34) were directors of Rosslyn Hill Limited (trading as Beach Blanket Babylon) and have…
The code provides banks with much-needed muscle to deal with NPA accounts; it enables them to realise the maximum value out of an asset once a firm is declared bankrupt. (PTI) Given the bad-loan crisis that grips the banking sector, the Bankruptcy Code brings greater certainty and speed with regard to filing, processing and…
Zdenk Bakala looks on during the presentation of the Václav Havel Library in March 2011, in Prague | Michal Cizek/AFP via Getty Images Czech politicians follow Poland and Hungary in attacking their liberal elites. By Benjamin Cunningham 8/16/16, 5:35 AM CET Updated 8/16/16, 10:50 AM CET PRAGUE The Czech Republic is gearing up for regional…
NORTHERN Ireland businesses have the second lowest insolvency risk in the UK according to the latest tracker from insolvency and restructuring trade body, R3. Overall, 21 per cent of Northern Irish businesses are considered to have a heightened risk, compared to the UK average of 23.8 per cent. Ten key sectors were scrutinised for the…
The anonymous holder of the Twitter account SATobacco Espionage @EspionageSA signed up on 4 August, describing the accounts intention to expose Industrial Espionage Money Laundering in Tobacco Industry by Corporate Company British American Tobacco. The accounts first post referenced a WikiSpooks entry on notorious apartheid assassin, Craig Williamson, described by @EspionageSA as Handler to the…
Monday, Aug. 15, 2016 | 2 a.m. Xenophon Peters, Esq. By Attorney Xenophon Peters, Esq., Partner, Peters and Associates, LLP Student loan debt and the cost of higher education in the United States are hotly contested and pressing issues for consumers, educational institutions and lawmakers. Marketwatch reports there is $1.3 trillion owed in student loan…
The anonymous holder of the Twitter account SATobacco Espionage @EspionageSA signed up on 4 August, describing the accounts intention to expose Industrial Espionage Money Laundering in Tobacco Industry by Corporate Company British American Tobacco. The accounts first post referenced a WikiSpooks entry on notorious apartheid assassin, Craig Williamson, described by @EspionageSA as Handler to the…
KVV Group will turn to an international court over insolvency proceedings started against the metallurgical company KVV Liepajas Metalurgs, as KVV Group’s press secretary Natalya Napadovkaya told LETA. KVV Group points out that filing a lawsuit against the state of Latvia with an international court of arbitration is the only way how the company can…
By Pascal Kwesiga August 15, 1966 is a signifi cant date in the annals of Ugandas banking industry. It is the day the Central Bank issued the fi rst Ugandan shilling, with sh100 as the largest denomination. Today, the largest denomination is sh50,000. The day also marked the commencement of the operations of Bank of…