The board of directors of Romanian state-owned power producer Complexul Energetic Hunedoara (CEH) decided on Monday evening to ask for the companys voluntarily entry into insolvency. The energy company has total debts of RON 1.2 billion (some EUR 266 million) and several creditors have blocked its accounts. The board also decided to dismiss…
TALLINN, Estonia – An Estonian court has formally declared the Baltic nation’s state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting…
Dec 29 Moscow Exchange: * AKB RBR shares to be excluded from trading as of Dec. 30 due to the fact the company has been declared insolvent Source text – bit.ly/1IAXBWf Further company coverage: (Gdynia Newsroom) Read the full article at: http://in.reuters.com/article/idINFWN14I00920151229
TALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nations state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting…
MUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
Dec 29 Moscow Exchange: * AKB RBR shares to be excluded from trading as of Dec. 30 due to the fact the company has been declared insolvent Source text – bit.ly/1IAXBWf Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN14I00920151229
An Estonian court has formally declared the Baltic nation’s state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting of creditors scheduled…
MUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
Prime Minister Malcolm Turnbull before his announcement of the National Innovation and Science Agenda at the CSIRO Discovery Centre. Alex Ellinghausen Annual income tax rebates of up to $200,000 for retail investors and relaxed bankruptcy laws to encourage risk-taking are at the centre of the federal government’s push to boost innovation that Prime Minster Malcolm Turnbull says is…
John Daly takes us through the highlights form the first half of the business year. Up to 60% of companies intended to give their staff pay rises in 2015, with only 1% intending to cut them. Picture: Denis Minihane JANUARY The year began on an optimistic note with up to 60% of companies intending to give…