Bulgaria won the arbitration case filed by the State General Reserve Fund of the Sultanate of Oman at the International Centre for Settlement of Investment Disputes (ICSID), part of the World Bank group, the Bulgarian National Bank (BNB) said on April 22. The Omani fund filed its arbitration claim in October 2015, after it lost…
DetailsInternational law firm Proskauer announced that David Hillman will be joining as partner in its Corporate Department, beginning on April 29th in the New York office. We are pleased to welcome David to Proskauer, said Martin Bienenstock, partner and chair of Proskauers Business Solutions, Governance, Restructuring & Bankruptcy Group. Davids acclaimed intellectual and practical prowess…
DetailsNotice is hereby given that in accordance with the applicable provisions of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate persons) Regulations, 2016, the first meeting of committee of creditors (CoCor Committee of Creditors) of Excel Glasses Limited, (the “Company”/the “Corporate Debtor”) will be held on Thursday, the 25th day of…
DetailsBankruptcy is a legal process by which individuals or business entities who are unable to repay the debts incurred by them can seek relief from their creditors. The bankruptcy law of India is the Insolvency and Bankruptcy Code 2016. It seeks to consolidate the current laws by creating a single insolvency and bankruptcy law. The…
DetailsNomura Holdings Inc.s chief executive vowed to keep Japans biggest brokerage independent and quickly implement his latest turnaround plan as a slumping share price puts the question of a potential merger in focus. We cherish the strengths and utility that we have through our independence as a Japanese financial group, CEO Koji Nagai said in…
DetailsPlease Update your browser Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.Just click on the icons to get to the download page. Court to declare businessman bankrupt if he fails to repay loans Made Anthony Iswara The…
DetailsTAGS: Marketing, Overseas December 18, 2014 When grain prices sink and margins are tight, producers are faced with tough decisions. Some might even have a hard time paying their bills this year. Identify the cause of your financial pain, suggests Bob Milligan, a senior consultant with Dairy Strategies. Are we short on cash because we…
Details(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday. FILE PHOTO: A J.Crew store is seen in…
DetailsThe Insolvency and Bankruptcy Code (IBC) is in the process of being changed to be effective from the next fiscal to accomodate the fast changing creditor-debtor scenario, according to the Insolvency and Bankruptcy Board of India (IBBI). The IBBI on Saturday invited comments from stakeholders and the public on making changes to the current…
DetailsA FINANCIAL guru has predicted that vulture funds are likely to flock off out of Ireland after reaching their exposure here. Personal insolvency expert Derek Scanlon, of The Debt Clinic in Longford, believes the private equity companies have reached their level of investment in this country as prices continue to soar. Personal insolvency expert Derek…
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