Overseas 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…
DetailsThe South Dakota Public Utilities Commission has delayed further action in the H&I Grain bankruptcy case. The grain dealer, located in Hetland, was declared insolvent and had its dealers license revoked last year.Commissioner Chris Nelson says they are debating if they should take a more active role.. Nelson says the receivership would in theory allow…
DetailsWe ARE contacted by someone in debt every 51 seconds, so we know the harm it is causing households [Personal insolvencies rise to highest level in six years, July 27]. We are not surprised that more people are seeking insolvency to help with their debt problems. But this is still just a small part of…
DetailsStandard Chartered Plc is working as global coordinator to help Omans debt management office raise the funds that could be backed by the World Banks Multilateral Investment Guarantee Agency (MIGA), according to an official at the Ministry of Finance. Oman may raise the financing through a loan or bond with a potential maturity of 15…
DetailsThe City watchdog has confirmed that it has no power to take action against RBS senior managers over their treatment of small firms involved with the banks disgraced Global Restructuring Group. The Financial Conduct Authority last year launched an investigation into the unit of Royal Bank of Scotland set up to help struggling businesses. GRG,…
DetailsDiagram 1: Current IOT Model of Jingmei Hospital Diagram 2: Business Model after Restructured Jingmei Hospital HONG KONG, Jul 31, 2018 – (ACN Newswire) – Lately, China Resources Phoenix Healthcare or CR Phoenix (01515.HK) released a public announcement to participate in the restructuring of Beijing Jingmei Group General Hospital and its subordinate medical or elderly…
DetailsMUNICH, Germany What happens with currently struggling and on e-bike components focused electronics specialist Bloks GmbH? On July 2018 two days before Eurobike opened its doors the company from Munich, Germany had to file for insolvency. The responsible court appointed Dr. Christian Gerloff from Munich law firm Gerloff-Liebler Rechtsanwälte as the insolvency administrator. For Gerloff…
DetailsA non-bank lender has appointed a new national relationship manager to help facilitate the growing demand for commercial credit. Non-bank lender NWC Finance has appointed Matthew Tenace to the role of national relationship manager, accountancy and legal professions, effective immediately. The credit provider has claimed that the appointment has been made as NWC is seeing…
DetailsThe Daily Maverick has reported that Vodacom paid R1.25 million to settle a legal battle with Paul OSullivan after giving his cellular records to underworld boss Radovan Krejcirs legal team. This followed a legal battle where OSullivan said Vodacom owes him R2 million for handing over his personal information without his permission. He said that he spent R2 million…
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