News story New measures will help to relieve the burden on businesses during the coronavirus (COVID-19) outbreak. The Corporate Insolvency and Governance Bill received royal assent on 25 June and is now an Act. The measures in this Act will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus…
DetailsAlthough Jersey’s borders will reopen from 3 July, the future of Condor’s St Malo sailing looks uncertain. The company which handles freight and foot passenger baggage at the port has been placed into liquidation. St Malo Manutention (SMM), will be wound up by a French court after being declared insolvent. Over the past few years…
DetailsThe pre-pack administration and company voluntary arrangement are once again taking centre stage as the retail industry enters its next phase of coronavirus survival. In recent weeks, Monsoon Accessorize was bought by its owner, Peter Simon, via a pre-pack administration deal that is likely to result in the closure of half of its stores. AllSaints…
DetailsIRVINE, CA – MARCH 30: Credit cards are cut in half during a shreading ceremony at Christ Our … [+] Redeemer Church in Irvine. (Photo by Mindy Schauer/Digital First Media/Orange County Register via Getty Images) MediaNews Group via Getty Images If every older household had little or no debt and a large savings account to…
DetailsThe UK Gambling Commission reports approximately 200.000 people suffering from severe problem gambling while several hundreds thousands more are in a mild or at risk situation. The forced isolation many British suffer from the lockdown aggravated the figures because of the risk factors implied: Idleness, solitude and the dominance of online gambling, a dangerous mix…
DetailsThe EU, along with a group of countries, is pushing for a relaxation in how debt relief is defined in the latest round of talks at the OECDs Development Assistance Committee (DAC) on Thursday (25 June), EURACTIV understands. The DAC sets the rules on how international development aid is defined and accounted for towards the…
DetailsNokScoots board has decided to liquidate the company as it sees no path to recovery. Shareholders will deliberate the same resolution at a general meeting to be held in about 14 days, says the airline. It had on 24 June disclosed that it would return three of its seven Boeing 777-200s toSingapore Airlinesby the end…
DetailsThe Corporate Insolvency and Governance Bill received royal assent on 25 June and is now an Act. The measures in this Act will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate. What happens next Some of the measures in the Act…
DetailsBUSINESS owners will need enough “mojo” to fight through the next 100 days and survive when the Federal Government’s JobKeeper support ends, a leading insolvency firm has declared. Jirsch Sutherland Partner Andrew Spring said companies relying on JobKeeper or temporarily trading while insolvent will have until mid-September to form a business plan or make the…
DetailsJune 26, 2020 02:30 ET | Source: DBV Technologies S.A. multilang-release Montrouge, France, June 26, 2020 DBV Technologies Provides Operational and Business Update BLA review of Viaskin Peanut for the treatment of peanut allergy in children ages 4-11 years ongoing Company to immediately initiate restructuring plan to extend cash runway while awaiting FDA clarity EPITOPE…
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