Two meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off to repay bondholders and other persons and institutions it owes money. Unresolved, too, is whether…
Liam Henderson in action for US Lecce during a Coppa Italia clash with Torino The 25-year-old spent the second half of the 2019/20 season on loan at the Stadio Carlo Castellani, scoring once in 17 appearances before returning to parent club Hellas Verona. Henderson could be involved in Empolis Coppa Italia clash with Vicenza this…
Having shared the ins and outs of a director changing their name to avoid a disqualification, a similar situation occurred to me which happens and that is the re-use of a company name following liquidation, writes Gareth Wilcox, partner at Opus Restructuring & Insolvency If I place my company into liquidation, can I still be…
By November 1st the UK governments furlough scheme will end, spelling fresh challenges and opportunities for the banking sector, writes Daniel Lanyon. The UK could see a wave of consumers and SMEs entering into financial difficulties in Q4 2020 following the end of the governments furlough scheme. What does it mean for banking investors? While…
By November 1st the UK governments furlough scheme will end, spelling fresh challenges and opportunities for the banking sector, writes Daniel Lanyon. The UK could see a wave of consumers and SMEs entering into financial difficulties in Q4 2020 following the end of the governments furlough scheme. What does it mean for banking investors? While…
This issue includes the latest bulletins from HMRC, new Defence Against Money Laundering guidance for insolvency practitioners and a consultation regarding SIP 3.1 (Individual Voluntary Arrangements). In this issue SIP 3.1 consultation The Joint Insolvency Committee (JIC) is consulting on changes to Statement of Insolvency Practice 3.1 – Individual Voluntary Arrangements. JIC undertook a consultation…
Vijay Mallya is Former two term Member of Parliament (Rajya Sabha), Chairman of The UB Group, Sports enthusiast, Veteran Formula One Team Principal, Championing Youth empowerment. On July 26, 2021, Mallya twitted, ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores. They restore assets to Banks who…
Written by Daniela Soares Ferreira and Sonia Perez Pinto Groundforce creditors will face millions in debt if TAPs insolvency application proceeds. The airline is a major shareholder, with overdue debts of around 16.4 million on June 30. ANA (12.8 million euros), Prosegor (177 thousand euros), Iberlin (140 thousand euros), UCS (125 thousand euros), Klimex (126…
SUPPLIED Richard Whitham and his wife Erika Whitham. The couple, along with their four young children and Erikas mother, Elisabet van der Merwe, left New Zealand on May 17, 2018 (file photo). Kiwi dad Richard Whitham illegally transferred hundreds of thousands of dollars from a Singaporean bank account on a single day. It was an…
She’s preparing to say ‘I do’ for the fourth time after finding love again with personal trainer Ryan Mahoney – a new chapter in a remarkable reversal of fortune for Kerry Katona. Kerry, who has just moved back to her home county of Cheshire in a 2 million mansion, has transformed her life in the…