Rep. Mark Sanford, a South Carolina Republican, said the GOP tax bill has been mislabeled because its more about business taxes than personal taxes. Sanford said the GOP painted the tax bill as a middle-class tax cut because of President Donald Trumps net worth and business involvements. A Republican lawmaker said Tuesday that he doesnt…
DetailsMore Chinese lenders plan to pursue RCom in insolvency court – sources | Asian Legal Business More Chinese lenders plan to pursue RCom in insolvency court – sources Two major Chinese lenders plan to support a move by Chi… Read the full article at: http://www.legalbusinessonline.com/news/more-chinese-lenders-plan-pursue-rcom-insolvency-court-sources/75173
DetailsBy Natasha Doff and Artyom Danielyan December 6, 2017, 12:00 AM EST Raiffeisen Bank International AG wants to boost its ranking among global bond arrangers by opening up debt markets in countries some investors may be hard pushed to pinpoint on an atlas. With a new hire from Goldman Sachs Group Inc. co-heading its Russian corporate…
DetailsSecures an interim finance facility up to Rs 100 cr from ECL Finance Amtek Auto announced that pursuant to agreement of Committee of Creditors for raising interim finance on 06 October 2017, the Company has entered into an agreement with ECL Finance, a Mumbai based subsidiary of Edelweiss Financial Services and availed interim finance…
DetailsMumbai: In late autumn 2016, Delhi embarked on one of the biggest reforms programmes for India Inc., building a dedicated bankruptcy framework. A year after the courts began the extrication process for potentially ?9 lakh crore stuck in non-performing loans, not one of the 405 cases has breached the nine-month resolution deadline in a country…
DetailsOverdrawn is a way of life for more than two million people in the UK. That means every single month their bank takes money from them in interest and charges that they could be using to pay for essentials like rent, food and heating. That’s according to StepChange Debt Charity, which found evidence of unaffordable…
DetailsTWO years after starting liquidation proceedings, the future is still unclear for creditors of a 60-year-old family-owned Toowoomba company. TFD Joinery Works ceased trading in September of 2015, but with all tangible assets sold, creditors are now waiting on court action to determine whether they will see any returns. Some may not even see a…
DetailsTHE likely new owner of Cook Colliery mine promises to be “very different” to the now liquidated company which was at the helm when more than 100 people lost their jobs. Bounty Mining expects the sale of the formerly Gaungdog Rising Asset Management-owned mine to settle this week after more than three months of hurdles.…
DetailsFinancial advisors don’t always agree, but when it comes to lending money to family, there’s consensus: Tread carefully. If an adult child needs help buying a first home or has a promising business idea, a family loan can be a fast and convenient option. But there’s a risk of drama down the road. Here are…
DetailsBanks and other lenders must be breathing a sigh of relief, and celebrating an early “Christmas gift” from the Supreme Court of Appeal. The gift was delivered in Diener NO v Minister of Justice (926/2016) [2017] ZASCA 180 (1 December 2017). Two of the questions before the court were: whether or not a business rescue…
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