By Marc Jones LONDON (Reuters) – The world’s poorest countries could soon be facing a tough decision — double up on debt relief from the G20 with the caveat they must default on private creditors, or quit the programme to try to keep financial markets on side. Rich countries on Friday backed an extension of…
DetailsTop industrialists are now facing the music with personal guarantors being brought under the Insolvency and Bankruptcy Code in November 2019. Also, banks have been directed by the Finance Ministry to set up a monitoring mechanism to pursue personal insolvency proceedings against all those promoters who had furnished personal guarantees for borrowing by their companies…
DetailsBy Hadeel Al Sayegh 3 Min Read DUBAI (Reuters) – Arabtec Holding shareholders authorised the board of the Dubai-listed construction company on Wednesday to file for liquidation due to its untenable financial position following the fallout from the coronavirus pandemic, an internal company email said. Slideshow ( 2 images ) Shareholders also authorised Arabtec to…
DetailsSeptember 30, 2020 14:06 ET | Source: Novelion Therapeutics, Inc. VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions court appointed liquidator (the Liquidator) today provides an update on the Companys voluntary liquidation process (the Liquidation) that started on January 16,…
DetailsDive Brief: Ruby Tuesday instructed Regions Bank to stop paying pensions to at least 112 retirees as of July 21, only to declare insolvency on Sept. 2, according to documents obtained by Business Insider.The agreement between Regions and Ruby Tuesday shows that the chain needed to let the bank know of its insolvency prior to…
DetailsAs moments leave, a whole lot many a lot a lot more bettors in addition to avid gamers may be receiving land most suitable way up across on the net gambling houses primarily in excess of exempt from cost you gaming hideaway adventures online. By using the roll-out of any technology and then a few…
DetailsReading Time: 3 minutes GamCare has launched a new toolkit for financial institutions, gambling businesses and debt advice agencies across the UK to offer further support for customers experiencing gambling-related harms. The toolkit contains core customer messaging, referral pathway guidelines tailored to each sector, and guidance on training staff to give them the confidence to…
DetailsEstate Agent Hsin Lan Huang (37), from Hammersmith, West London, has been banned for seven years, while convenience store boss Pratikkumar Dineshbhai Patel (32), from Knowle, Hampshire, is disqualified for six years. The pair are now banned from acting as directors or directly or indirectly becoming involved, without the permission of the court, in the…
DetailsIt was just a few weeks ago that Scott Morrison put his team in “election mode”. There should be no doubt that Morrison hopes that the budget, to be brought down next Tuesday, will carry them through to an election next year. Given the considerable uncertainty about whether the virus can be effectively contained to…
DetailsBy Marc Jones LONDON (Reuters) – The world’s poorest countries could soon be facing a tough decision — double up on debt relief from the G20 with the caveat they must default on private creditors, or quit the programme to try to keep financial markets on side. Rich countries on Friday backed an extension of…
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