September 15 (SeeNews) – Serbia sold the assets of insolvent electronic vehicle equipment maker Zastava Pes for 49.2 million dinars ($447,600/420,000 euro) to local company Ansal Steel, the bankruptcy supervision agency said. As part of the deal, Ansel Steel acquired 41,5 sq m of land, a production building and four other buildings, the agency said…
LONDON (Reuters) – Company insolvencies in England and Wales in August rose 19% year on year to the third highest level since monthly record started in January 2019, as firms grapple with rising costs and uncertain economic outlook, government data showed on Friday. The Insolvency Service, a government agency, reported 2,308 corporate insolvencies last month,…
LONDON, Sept 15 (Reuters) – Company insolvencies in England and Wales in August rose 19% year on year to the third highest level since monthly record started in January 2019, as firms grapple with rising costs and uncertain economic outlook, government data showed on Friday. The Insolvency Service, a government agency, reported 2,308 corporate insolvencies…
From 2h ago Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The spectre of possible job losses is stalking Britains biggest steelworkers today, as the UK government and Tata Steel close in on an agreement to secure the future of the site. The Port Talbot steelworks…
On September 15th, 2008, the US witnessed its biggest ever bankruptcy filing when Lehman Brothers collapsed. Even after 15 years, Lehman Brothers collapse remains the US biggest bankruptcy. It shocked not only the United States but, in fact, the entire world, especially because the American global banking giant, which was founded in 1847, was deemed too big to fail. Lehman…
Posted on Friday 15th September, 2023 And are you crazy for considering a career in construction? If youve been listening to media reports of late, it all appears to be doom and gloom for the construction industry. Rising costs and supply chain issues are still plaguing many and of course, weve all seen a number…
Katie Prices latest bankruptcy court hearing was held in private after the petrified model accused people following the case online of recording and taking screenshots of proceedings. The former glamour model, who was declared bankrupt in November 2019, joined a remote hearing of the specialist insolvency and companies court on Thursday. Advertisement But as the…
Open this photo in gallery: Small business owner Andrew Williamson is photographed outside his gallery, the Black Cat, in Toronto, on Wed., May, 6, 2020. (Christopher Katsarov/The Globe and Mail)Christopher Katsarov/The Globe and Mail Scott Terrio is a certified credit counsellor and manager of consumer insolvency at Hoyes, Michalos & Associates Inc. Often, small-business owners…
Coffee Day Global has resolved one dispute but faces a further USD 30 million claim. Coffee Day Global has resolved one dispute but faces a further USD 30 million claim. Indias National Company Law Appellate Tribunal (NCLAT) yesterday (13 September) approved a settlement between Malavika Hegde, a former director of Coffee Day Global (CDG), the…
Pacheco was responding to a report last month from copper studies center CESCO that said if production promises are not met, high levels of debt could lead to insolvency. It is not appropriate for us to say that Codelco is a company that has financial problems or balance sheet problems, Pacheco said. In a year…