China’s services sector expanded at the weakest pace in four months in July, as there was the least growth in new business since December 2015, a private survey showed on Friday. Forward-looking sentiment meanwhile was the second-weakest on record, with respondents blaming concerns surrounding company restructuring and the impact of the U.S.-China trade war. For…
DetailsThis is to inform that in response to the second Expression of Interest (EOI) published on 19th July, 2018, as per the decision of the Committee of Creditors (CoC) in their meeting held on 13th July, 2018, one more entity namely, M/s. GHV (India) Pvt. Ltd., Mumbai, has submitted its EOI as on the last…
DetailsSmile fellow Finance Magnates readers, for its a great day in the retail trading industry. Why? Because the British governments Insolvency Service has shut down Global Fin Services Ltd (GFS). As informed as most of you Finance Magnates readers are, I appreciate that this name will likely be unfamiliar to most of you. Many visitors to…
DetailsDubbo has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. The Personal Bankruptcy Analysis by data analyst company Illion shows the number of bankruptcies in Dubbo are the second highest in the state, equal ranked with Orange. It found 77 people in Orange were declared bankrupt in the…
DetailsShares 610 A former girl group member has been sued for allegedly not repaying her gambling debts. See Also: Cube Entertainment Responds To Dating Reports Of HyunA And PENTAGON’s E’Dawn On August 2, Kyunghyang Newspaper reported that a celebrity who debuted as a member of a famous girl group had been sued by two acquaintances.…
Details(Reuters) – American International Group Inc (AIG.N) on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts expectations. FILE PHOTO: A banner for American International Group Inc (AIG) hangs on the facade of the New York Stock Exchange, in New York, U.S., on October…
DetailsAugust 3, 2018 The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid & Taylor India Ltd, Mandhana Industries and Alok Industries Ltd are already in various stages…
DetailsAfter reports of a former girl group member being sued for not paying back her gambling debt of 600 million won (approximately $530,000), S.E.S.s Shoo admitted that she was the celebrity in question, while Eugene firmly denied it. See Also: 2PM’s Junho Sends Yoon So Hee Coffee Truck On “Witch’s Love” Set On August 3, Eugenes agency C9…
DetailsSymantec said it plans to take a series of cost reduction actions over the next nine months to address residual costs that remain after the platform security vendor’s divestitures last year. The company said that its board of directors has approved US$50 million in restructuring expenses in connection with a plan to reduce Symantec’s global…
DetailsOverseas assistance Representation of the Viscount Comment As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies’ assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires…
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