Bitfinex is facing a new set of insolvency rumours – finder.com.au

Bankruptcy

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of DNKEY, YRIV, ALKS and MKL – GlobeNewswire

Bankruptcy

NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. Danske Bank A/S (OTCMKTS: DNKEY)Class…

Gold refiners Valcambi and Asahi make separate bids for bankrupt U.S. rival: sources – Reuters

Bankruptcy

LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday. FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer…

CLASS ACTION UPDATE for AXGN, YRIV, VALE and SVXY: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire

Bankruptcy

NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…

Gold refiners Valcambi and Asahi make separate bids for bankrupt U.S. rival- sources – Reuters UK

Bankruptcy

LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday. FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer…

Personal insolvencies in England and Wales jumped to seven-year high in 2018 – Business MattersBusiness Matters

Bankruptcy

The number of people going financially insolvent across England and Wales jumped to a seven-year high in 2018, official figures show. Some 115,299 people went insolvent during 2018 marking the third year-on-year increase in a row and the highest annual total since 2011 when 119,943 cases were recorded. The figures, released by the Insolvency Service,…

Include Creditors In The Liquidation Process Also, SIPI Recommends – BloombergQuint

Bankruptcy

The Society of Insolvency Practitioners of India held a round-table last month where they deliberated the shortcomings of the Liquidation Regulations, 2016. Participating members comprised representatives from Insolvency and Bankruptcy Board of India, senior partners from leading law firms, representatives from State Bank of India, insolvency professionals and stakeholders. The key concern, according to a…

SC upholds IBC spirit: Now, make it resolution-centric instead of liquidation-centric – The Financial Express

Bankruptcy

The threat of invoking IBC is itself enough to prevent defaults and to reinstate the sanctity of debt contract. ByK Srinivasa Rao The judgment of the Supreme Court upholding the legal sanctity of Insolvency and Bankruptcy Code (IBC) can bring a tectonic shift in the loan repayment culture. It asserts that the defaulters cannot bid…