Larisa Markus was president and founder of Vneshprombank, one of Russias largest banks, which was declared insolvent in 2016. In May 2017 she was convicted, in Russia, of embezzling $2 billion from the bank. In 2019 Rozhkovappointed to preside over the liquidation of Markuss assetsas Markuss Foreign Representative brought a Chapter 15 proceeding to locate…
DetailsDebt relief has been a cornerstone of the Biden Administration dating back to when the President ran for office in 2019 and 2020 as millions of Americans struggle with debt. According to a new report from the Better Business Bureau, many debt relief and repair companies dont live up to their promises.Earlier this year the…
DetailsSept 11 (Reuters) – Chinese independent refiner and petrochemicals producer Hengli Petrochemical (600346.SS) has agreed to restructuring deals worth a total of up to $1.89 billion for its subsidiary Kanghui New Material Technology, filings showed on Monday. Under the restructuring, Kanghui will effectively become a separately listed company via transactions involving power and heating firm…
DetailsFollowing the UK Supreme Court decision in Sequana1 at the end of 2022, the New Zealand Supreme Court has now weighed in on the issue of the duties owed by directors of a company in the zone of insolvency in a long-running case involving the liquidation estate of Mainzeal Property and Construction Limited.2 As directors around…
DetailsClimbing out of debt can be daunting, but deciding to take action is the first step. Aberdeen Proving Ground Federal Credit Union (APGFCU) has debt counselors, financial planners, and lots of resource to help you manage your debt. First, make a list of all debts owed, then implement one of the following strategies: Debt snowball:…
DetailsBy LUKE ANAMI The African Union is pitching what it touts as a local solution to survive mounting debt for members. And the proposals could be tabled to member states as soon as the next summit, signaling the latest concerns about the potential of debt to drain economic targets. The revelations emerged last week at…
DetailsIn problem gambling circles, its no surprise the state thats been in the legal business the longest is far behind modern regulation. (Getty Images) Ray, an admitted compulsive gambler, says he was about to lose his marriage when he informed his Wynn Las Vegas casino host last year that he was done after 20 years of…
DetailsWhich passenger airlines have gone bankrupt this year so far? We look at what went wrong, the remaining fleet and years in operation. Aeromar ATR 42 Aeromar: ( Mexico, 1987-2023) When Aeromar declared bankruptcy they stated it had not been able to recover from financial difficulties stemming from the global downturn in travel caused by the…
DetailsSeveral men and women across Cornwall are currently banned from running a company. The list includes bosses from construction companies, food businesses, electrical contractors, carbon traders, cleaning companies. Most of them are banned from running a business or being a company director for between four and six years. The majority of those below were involved…
DetailsEditors Note: Sign up for CNNs Meanwhile in China newsletter, which explores what you need to know about the countrys rise and how it impacts the world. Hong Kong CNN Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the companys cloud division in a surprise move…
Details