The North East is the only part of England and Wales to have seen a rise in the rate of businesses based in the region becoming insolvent last year. According to new Insolvency Service figures, the insolvency rate in the region increased from 114 to 123 insolvencies per 10,000 enterprises during 2017, and is substantially…
DetailsToday, Vauxhall Motors announced that it has entered into a 45-day consultation period with Trade Union and employee representatives to propose a restructuring of the Ellesmere Port Manufacturing Plant. At a National Joint Negotiation Committee meeting held on Friday 23rd November, the Company announced a proposal for business restructuring to align headcount and production costs…
DetailsWaagner-Biros perforated dome is the size of five football fields and can create the effect of a starry sky Philip Lange/Shutterstock Waagner-Biro, the Austrian steel engineering company that built the dome of the Louvre museum in Abu Dhabi, has announced its insolvency and is fighting to save parts of its business by selling off subsidiaries.…
DetailsHappy Friday igamers! This weeks meddlesome missive considers the reignited debate around the Wire Act, tries to understand ITVs stance on gambling ads and looks at whether Denise Coates should doing more to cure the countrys societal ills! Begging lettersCongressional Republicans on-going campaign to bury deputy Attorney General Rod Rosenstein with correspondence regarding the Wire…
DetailsOn Black Friday 2009, the invincible Tiger Woods became human. On Black Friday 2018, Tiger Woods faces Phil Mickelson in a $9 million, winner-take-all, pay-per-view match in Las Vegas. Theres more than one Mirage in Vegas this week. These two golfers are a combined 90 years old and left their best game somewhere in the…
DetailsWaagner-Biros perforated dome is the size of five football fields and can create the effect of a starry sky Philip Lange/Shutterstock Waagner-Biro, the Austrian steel engineering company that built the dome of the Louvre museum in Abu Dhabi, has announced its insolvency and is fighting to save parts of its business by selling off subsidiaries.…
DetailsDespite the trauma and job losses caused by the failure of several small Ghanaian banks, the sector now looks stronger with credit growth likely to accelerate Ghana is slowly emerging from its worst banking crisis ever. Several times this year depositors massed in the branches of insolvent banks wanting to take their cash, despite assurances…
DetailsPursuant to Regulation of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 21 of Insolvency & Bankruptcy Code, 2016, this is to inform you that the meeting of the Committee of Creditors of the Company will be held on Monday, 26th November, 2018 at 2nd Floor, Conference…
DetailsOpen source A few weeks ago, the investigation officially filed charges against Oleksiy Kargapolov, former deputy chairman of the board of the Ukrainian Professional Bank (UPB), who was heading it at the time of the introduction of the provisional administration in May 2015. The banker is accused of more than 220 million USD fraud. Thus,…
DetailsWe are in receipt, through a lawyer firm, of the copy of application filed by Bank of Maharashtra under the Insolvency & Bankruptcy Code, 2016 for an amount of Rs. 521.97 Crore. The Company is in process of taking legal advice to deal with the same. In this connection, it is also hereby pointed out…
Details