2016-03-02T12:39+02:00 12:39 02.03.2016 The National Bank of Ukraine (NBU) plans to collect UAH 11.462 billion from the owners of banks that were declared insolvent acting as personal bail granters, Director of the risk management department Ihor Budnyk has said. “As for personal bail of former owners of banks Kostiantyn Zhevaho, Oleh Bakhmatiuk, Mykola Lahun and…
The investigation, presented on Feb. 26 in Vienna by activists of the Anticorruption Action Centre, shows examples of the siphoning of some $600 million from the Ukrainian banks. Photo by Ukrafoto When many of Ukraine’s banks went bust after President Viktor Yanukovych’s rule, the State Depository Insurance Fund paid out $2.6 billion to reimburse customers…
Ed Goldswain and Jacquie Hale escaped from London flat as debris fell Basement builders ordered by judge to pay couple £287,000 in damages But firm went bust and couple still haven’t received any cash from them Council billed freeholder for £318,000 demolition but couple still face bill as well as hundreds of thousands in legal fees…
CROOKSTON, Minn. — The St. Cloud, Minn., attorney who unsuccessfully defended Anderson Seed Co. Inc. of Mentor, Minn., in a CHS Inc. lawsuit in Polk County, Minn., has withdrawn from the case, even during an appeal period. Gary R. Leistico of the Rinke Noonan firm on Feb. 15 notified the Ninth Judicial District Court that…
The Sullivan County EMS is several hundred-thousand dollars in debt. For years the department has been able to support itself, but with changes in healthcare and insurance policies, the department is struggling. “We have had one of the highest call volume years that we’ve had in a long time,” Sullivan County Department of Health Director…
Video will begin in 5 seconds. More video Recommended Replay video Evicted with nowhere to go Watch Buket Ozdil film herself being forcibly evicted from her suburban Melbourne home. PT1M14S 620 349 Aaron Szepesvary and Buket Ozdil were forcibly evicted from their suburban Melbourne home on Tuesday, the lock drilled, the door smashed open, over…
Abengoa SA, the Spanish renewable-energy company scrambling to avoid bankruptcy, reported a 1.2 billion-euro ($1.3 billion) loss for 2015 after its business was revalued amid a financial restructuring process. The Seville-based company shifted to a loss after posting net income of 125.3 million euros the previous year, according to a regulatory filing Monday. The loss…
A St. John’s financial consultant who helps people cope with unmanageable debt says a spike in the number of personal insolvencies in oil-producing provinces is a sign of the times. “We’re talking about almost 2,000 filings a year and, for a small province such as Newfoundland, [that’s] a pretty big number. It’s not insignificant,” said Sean Stack,…
CHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) — Professor Jason Kilborn from The John Marshall Law School in Chicago has been asked to join the prestigious International Insolvency Institute, an invitation-only organization of leading bankruptcy and restructuring professionals. Over the past decade, Kilborn has focused his academic research on a comparison of bankruptcy and insolvency in…
Insolvency law specialist Nick Pike of Pinsent Masons, the law firm behind Out-Law.com, said that in most situations business-related IP stored on electronic devices used by staff for work purposes will belong to the company. He said it is common for administrators to look to “secure and preserve” that IP when they are appointed following…