©AFP John Kenneth Galbraith in The Great Crash, 1929 describes bezzle theft where there is an often lengthy of time period between the crime and its discovery. The person robbed continues to feel richer as he does not know of his loss, at least yet. In favourable markets, bezzle increases, only being exposed by changed…
A Brighton-based robo-call spam operation has been hit by a record £350,000 fine by data privacy watchdogs. Since the firm has been closed down and entered liquidation, however, even the Information Commissioner admits the fine is unlikely to be paid. Prodial Ltd, a lead generation firm responsible for more than 46 million automated nuisance calls,…
(Recasts with increase to debt, adds details, background) Feb 29 Spain’s Abengoa, on the brink of becoming the country’s largest-ever bankruptcy, said on Monday its debt had risen by 492 million euros ($535.39 million) in 2015’s fourth quarter as it posted a full-year net loss of 1.2 billion euros. The energy firm, which is racing…
Jason Cohen has been promoted to partner at law firm Bracewell. Mr Cohen, who is based in Houston, has experience in out-of-court workouts as well as chapter 11 bankruptcies, in which he has represented corporate debtors and creditors. He has worked on chapter 11 cases with assets from $20 million to more than $1 billion. Mr. Cohen earned his…
With the general election out of the way, the governor general in fulfilling his duties under the Constitution, will in the next few weeks swear in a prime minister and several ministers of Government. However, after the end of the political storm, hopefully, calm will return to the lives of all. With the advent of…
(Recasts with increase to debt, adds details, background) MADRID Feb 29 Spain’s Abengoa, on the brink of becoming the country’s largest-ever bankruptcy, said on Monday its debt had risen by 492 million euros ($535.39 million) in 2015’s fourth quarter as it posted a full-year net loss of 1.2 billion euros. The energy firm, which is…
Finance Minister Arun Jaitley in a post-Budget press conference in New Delhi. (PTI photo) New Delhi: Sebi will develop new products like options in the commodity derivatives market and also take a slew of measures to deepen the corporate bond markets. “New derivative products will be developed by Sebi (Securities and Exchange Board of India)…
Last Modified: Tue, Mar 01 2016. 12 35 AM IST Attracting foreign investment in the insurance and pension sectors, and instilling competition in the transportation sector are the other priorities Rescuing sinking financial institutions using a modern insolvency code, attracting foreign investment in the insurance and pension sectors, making deep-water hydrocarbon exploration more rewarding…
Severed workers of the Power Holding Company of Nigeria (PHCN), are protesting ongoing plans to liquidate the companys assets amidst pending labour issues including outstanding severance benefits of nearly 5,000 workers. The protest was led by the Chairman of the FCT Council of Electricity Employees, Mr Wisdom Nwachukwu on Monday. The workers demanded that…
Real estate developer Inbal Or is in a cross fire of an Israel Tax Authority criminal investigation, allegations by apartment purchasers, and business problems, but at least one threat was removed today. Or has reached agreement with Avraham Wolloch, an apartment buyer who filed a liquidation petition against Or City Real Estate, owned by Inbal…