Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as Spain and Portugal, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabifys parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion,…
DetailsWithers advises Indonesias Bumi on $4.5 bln restructuring deal | Asian Legal Business Withers advises Indonesias Bumi on $4.5 bln restructuring deal Withers has advised Indonesian mining giant Bumi Resources on deb… Read the full article at: http://www.legalbusinessonline.com/deals/withers-advises-indonesia’s-bumi-45-bln-restructuring-deal/75343
DetailsThe Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, dated 23 November 2017, was promulgated by President RN Kovind to amend the provisions relating to the insolvency resolution process contained in the Insolvency and Bankruptcy Code, 2016. The ordinance has made several amendments in order to bring clarity to the resolution process under the code. Some…
DetailsThe recovery of gaming revenue in Macau continues. Unfortunately shareholders in Crown Resorts (ASX: CWN) wont benefit. No plan survives contact with the enemy is oft-quoted in military circles (albeit with many different attributions). Much the same can be said about investment cases, such as our April 2015 Buy recommendation on Crown Resorts (ASX: CWN). (For…
DetailsA DEDICATED office to assist Queensland primary producers experiencing financial distress access free expert financial analysis and advice has been opened. The Farm Debt Restructure Office was initiated in March last year when the LNP moved amendments to address ongoing issues relating to farm debt. The office provides eligible primary producers with a no-fee, no-obligation…
DetailsRIGA – The administrator of the to-be-liquidated Latvijas Krajbanka, recovered EUR 7.198 million in 2017, according to a report published in the official gazette Latvijas Vestnesis. In December 2017 the administrator recovered EUR 123,223. The whole sum was recovered from the loans issued by the bank. The costs of the Latvijas Krajbanka insolvency procedure has…
DetailsA DEDICATED office to assist Queensland primary producers experiencing financial distress access free expert financial analysis and advice has been opened. The Farm Debt Restructure Office was initiated in March last year when the LNP moved amendments to address ongoing issues relating to farm debt. The office provides eligible primary producers with a no-fee, no-obligation…
DetailsTheres something thrilling about the sound of a slot machine, scratching off a lottery card or watching your favorite team play and knowing you have a chance to win big. In fact, theres a psychological reason why gambling, in all its forms, feels so rewarding and why some people cant stay away. Studies by the…
DetailsLas Vegas, Nevada, Jan. 22, 2018 (GLOBE NEWSWIRE) — MGP Wealth Management and Sagacious Asset Management announce that they have retained Klink & Klink (K & K or the Firm), which is skilled and experienced in corporate restructuring and toxic debt remediation, to advise them and their clients on the Woodbridge Capital LLC Chapter 11.…
DetailsLicense: Creative Commons CC0 BELGRADE (Serbia), January 22 (SeeNews) Serbia’s Bankruptcy Supervision Agency said it is selling the production facilities of insolvent pharmaceutical company Jugoremedija estimated at 3.887 billion dinars ($40.1 million/32.8 million euro). An auction for the Jugoremedija factory in Zrenjanin, in the north of the country, will take place on February 8, the Bankruptcy…
Details