David Sheppard and Neil Hume in London March 5, 2018 The departing co-chief executive Noble Group was paid more than $20m in 2017 as the troubled commodity trader slumped to a record $5bn loss and headed for a restructuring that will all but wipe out shareholders and some bondholders. Jeff Frase, who ran the oil…
DetailsCreditors of insolvent German airline Air Berlin are considering whether to sue its major shareholder Etihad for billions of euros in damages, a spokesperson for the airline’s insolvency administrator, Lucas Floether, says. The creditors’ committee is scheduled to meet on Monday to discuss putting the claim forward. German newspaper Sueddeutsche Zeitung reported that Floether expected…
DetailsAircel said it filed for bankruptcy to find the best possible resolution that would be in the best interest of its vendors, distributors and employees. Photo: Pradeep Gaur/Mint Mumbai: Troubled telecom operator Aircel Ltd, which has filed for bankruptcy, approached the Mumbai bench of the National Company Law Tribunal (NCLT) on Monday for the appointment…
DetailsAlpha said that the fall was directly linked to the failure of CBL Insurance. Danish unrated insurer Alpha Insurance has gone into solvent liquidation. An announcement on the insurers website blamed CBL Insurance for the failure. It stated: Effective immediately, Alpha Insurance A/S has ceased all underwriting, including renewals. This decision is a direct consequence…
DetailsMris Sprds declined to tell BNS who had posted bail when he was released on Feb. 16. Attorney Jnis Rozenbergs, however, confirmed on Friday that Sprds’ bail was posted by the latter’s brother. According to the database at Firmas.lv, Kristaps Sprds owns, in full or in part, several companies, including the law firm MAX Grup,…
DetailsThomas Cook (India) advanced 6.59% to Rs 256.40 at 12:58 IST on BSE after the company’s board of directors gave their consent to the management to explore the possibility of an internal corporate restructuring exercise. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday,…
DetailsArmands Rasa, the insolvency administrator of Trasta Komercbanka, has been paid 2.9 million for his services, as creditors who have little chance of recovering their assets have voted to pay Rasa 30% of the recovered money, reported LTV’s De Facto March 4. “Please explain to me how you can earn so much money in such little…
DetailsLOS ANGELES, CA, March 05, 2018 /24-7PressRelease/ — Debt consolidation and credit card debt relief programs have become increasingly sought after and used by more Americans as they seek to gain a more stable financial footing and a leg up in today’s economy. The reality is that many more still can benefit from these debt…
DetailsThe company confirmed on Friday that the companys three remaining directors will resign on February 19, four days after the companys interim results are released.Fairfax Media revealed the Waterhouse-led wagering company William Hill Australia had been extending large lines of credit to Mr McGrath, who bets under a pseudonym and incurs average gambling losses of…
DetailsHome » News » General » CMB wants P650 million from Bona Life CEO Vaka Publishing Date : 05 March, 2018 Author : UTLWANANG GASENNELWE Gaborone based attorney, Gabriel Kanjabanga of Kanjabanga and Associates, has, when representing Capital Management Africa (Pty) Ltd (CMB) and Rapula Okaile unearthed that the current value of Bona Life is roughly…
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