Key View Even as austerity is progressively relaxed, Croatias fiscal position will not deteriorate substantially, thanks to solid growth in revenues. This will be underpinned by a strong private consumption outlook and a robust tourism sector. Solid real GDP growth and primary budget surpluses will improve the outlook for Croatias high debt burden over the…
DetailsFormer Boro striker Marcus Bent has been declared bankrupt, capping off a spectacular fall from grace. The 40-year-old starred for Everton, Crystal Palace and Leicester, reportedly pocketing close to 1m-a-year at his Premier League peak. However public records show the skint ex-player has been forced to declare himself bankrupt in the High Court. The move…
DetailsAbsa, one of the countrys top four banks, has been accusedby an exotic car dealership of trying to bully it into liquidation with claims that it owes it more than R400m. The owners of Ballito-based SMD Group, which sells Ferraris, Porsches and Lamborghinis, dispute the amount and said Absa had ignored an offer from a…
DetailsFrench BIPV glass manufacturer Sunpartner is seeking buyers for its two businesses after starting insolvency proceedings due to the lack of short-term funding. January 14, 2019Emiliano Bellini French PV glass technology company Sunpartner Technologies has filed for insolvency. The company said in a statement on its Linkedin account it is seeking buyers for its two…
DetailsICPW Liquidation (OTCMKTS:ICPWQ) and Industrial Services of America (NASDAQ:IDSA) are both consumer discretionary companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, risk, valuation, earnings, institutional ownership and dividends. Insider & Institutional Ownership 5.1% of Industrial Services of America shares are…
DetailsCourts By Hazel Bradford June 20, 2018 4:21 pm Updated 4:23 pm Getty Images/iStockphoto Class-action lawsuits on behalf of participants in the insolvent St. Joseph Health Services of Rhode Island Retirement Plan were filed in state and federal courts in…
DetailsBankers are worried that the corporate insolvency resolution process (CIRP) could turn chaotic and face delays as the Insolvency and Bankruptcy Board of India (IBBI) may amend the rules, giving operational creditors (OCs) a larger say in the resolution process. Their fear stems from the observations of a two-judge Supreme Court Bench last month that…
DetailsNEW DELHI: The National Company Law Tribunal has given its approval to start insolvency proceedings against a subsidiary of realty firm Parsvnath Developers. It admitted a petition filed by three homebuyers against the subsidiary firm Parsvnath Landmark Developers for inordinate delay in the development of a project in Delhi and non-refund of their payment. The…
DetailsFormer boss Rob Shand stepped down in April to be succeeded by Kim Morison, who was head of real assets and is now acting head of the business. Blue Sky disclosed for the first time that of the almost $100 million that it raised following its half-year results at $11.50 a share, $40 million went…
DetailsSouth African furniture conglomerate Steinhoff International Holdings has seen the voluntary administration of its European arm blocked by a company claiming to be a creditor, according to a release sent to investors. The company known as LSW GmbH an entity reportedly related to Andreas Seifert, who,according to BusinessDay, currently has a dispute in the Austrian…
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