Joe Bastianich said Friday that he knew Mario Batali said ‘inappropriate things’ to staff, but ‘never heard’ of sexual misconduct accusations The two are co-owners of the B&B Hospitality group with Bastianich’s mother Lidia, which includes 24 restaurants and five Italian markets across the U.S. Bastianich’s new comments come as a new report accuses him…
Details(Adds more detail) MOSCOW, Dec 22 (Reuters) – Metals and mining company Mechel has secured the backing of around 70 percent of creditors for a restructuring of its $1 billion syndicated loan, two sources familiar with the situation said. This brings Mechel close to achieving the 75 percent support from creditors needed to reach the…
DetailsBBC’s Hugo Duncan declared bankrupt BelfastTelegraph.co.uk Singer and broadcaster Hugo Duncan has been declared bankrupt at the High Court in Belfast. https://www.belfasttelegraph.co.uk/news/northern-ireland/bbcs-hugo-duncan-declared-bankrupt-36431030.html https://www.belfasttelegraph.co.uk/incoming/article36335843.ece/4c2c3/AUTOCROP/h342/Hugo%20Duncan%20and%20Friends%20at%20Portico.jpg Email Singer and broadcaster Hugo Duncan has been declared bankrupt at the High Court in Belfast. Proceedings were brought against the 67-year-old over tax arrears related to his private entertainment company. The…
DetailsSinger and BBC broadcaster Hugo Duncan has been declared bankrupt at the High Court in Belfast. Proceedings were brought against the 67-year-old over tax arrears related to his private entertainment company. The order was based on a petition by HM Revenue and Customs. Under the terms of the court adjudication, he is expected to be…
DetailsOi creditors have approved a restructuring plan that will take the struggling telco out of bankruptcy protection. According to Bloomberg and as a result of a 15-hour meeting, the terms of the restructuring plan include a proposal for Oi to repay its biggest single creditor Anatel In five yearly instalments after a 20 year grace…
DetailsThe liquidation hearing of Markus Jooste-owned Mayfair Speculators was postponed to next year, after Judge Siraj Desai ruled that the matter needs a full hearing, as it has far-reaching implications. Court papers suggest that Mayfair Speculators owe three banks more than R1.2 billion. Absa claims R226 million, whilst Investec and Sanlam are owed R250 million…
Detailsby Bhuma Shrivastava and Upmanyu Trivedi India’s new bankruptcy law is getting maximum traction from an unusual set of lenders, those with the least to gain from pushing companies into the insolvency process. Operational or unsecured creditors, who have dues that are not backed by any collateral, would be la st in queue to be…
DetailsJOHANNESBURG – Absa Bank has applied for the liquidation of former Steinhoff CEO Markus Joostes Mayfair Speculators, the company that, until this week owned South Africas best racehorse, Legal Eagle, as well as hundreds of other racehorses, a property portfolio and a chunk of Steinhoff shares. READ: Steinhoff shares plunge 60% after CEO…
DetailsThere’s a place online where UK residents go to confess their fears: faulty goods, debt, unemployment, migration, legal troubles. This place is the search bar of the Citizens Advice website. To the charity’s staff, the 450,000-plus annual entries provide an insight into the nation’s day-to-day apprehensions. “We know what the most common worries are at…
DetailsThe Reserve Bank of India has advised banks to file for insolvency proceedings on their own rather than waiting for its instructions. The regulator has said that prompt action by lenders will help realise best value of these stressed assets. The RBI in its report on trends and progress in the banking industry has also…
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