23 November 2023, Geneva Impala Terminals Group (Impala Terminals or the Company), a global infrastructure and logistics company, is pleased to announce it has agreed to purchase the HES Hartel Tank Terminal asset located at the Port of Rotterdam following an auction process, with the transaction expected to complete in the coming days. The HES…
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to 760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 five local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to 760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 five local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
The National Company Law Tribunal prolonged on Thursday the corporate insolvency resolution process for grounded airline Go First by an additional 90 days. The extension, effective Nov. 6, is set to conclude on Feb. 4. The NCLT emphasised the completion of the resolution plan within this specified timeframe. Companies undergoing insolvency must undergo a resolution…
Your marriage contract can be one of the most important financial documents you will ever sign as it sets out the financial consequences of your future relationship. Getting it wrong can create financial difficulties when your marriage comes to an end. When choosing a marriage contract, consider the following: ADVERTISEMENT CONTINUE READING BELOW Costs Firstly,…
A used car dealer who defrauded people to the tune of 82,250 has been put behind bars. Jonathan Nolan was declared bankrupt in 2010 but carried out his crimes in 2017 and 2018 while a suspended sentence was in place after he failed to reveal a bank account following the bankruptcy, the Southern Daily Echo…
REFORM The decision by the Turnbull Government to embark upon the most significant reform to Australias insolvency laws for over 20 years has been embraced by many. One of the key features of the governments Improving bankruptcy and insolvency laws proposals paper is the introduction of a so-called insolvent trading safe harbour. Under the current…
Ciaran Desmond has also been suspended from practice by the Law Society Solicitor Ciaran Desmond John Mulligan Today at 03:30 A solicitor who had a 6.9m judgment secured against him earlier this year by the family behind Irelands biggest trucking firm, Nolan Transport, has been declared bankrupt. Cork-based Ciaran Desmond had been seeking a deal…
How fast time flies. Just a few weeks ago, on the heels of its announced acquisition by British group Admiral, French insurtech Luko advertised itself through billboards in the Paris metro and felt confident enough to joke about the fact that it once won a Next Unicorn award. Fast forward to this week, and its…
ASIC has disqualified a former Magnolia Capital Group director from managing corporations for five years and banned him from financial services or credit activities for 10 years after the company collapsed owing up to an estimated $50 million. Youre out of free articles for this month To continue reading the rest of this article, please…