The single currency plunged as Bloomberg published a report claiming the Greek government is planning a radical restructure of its huge £26.2bn debt pile the management of which nearly led to Greece’s exit from the EU in 2014. Two senior bankers – who did not wish to named – have said Greece is planning to…
DetailsLOS ANGELES, CA / ACCESSWIRE / November 1, 2017 / Spotlight Capital Holdings, Inc. (OTC PINK: SLCH) (“Spotlight” or the “Company”) today enthusiastically announced a substantial corporate restructuring intended to significantly enhance the Holding Company’s over-all future business plans, while maintaining its ability to execute on its existing core business model within the Entertainment industry.…
DetailsImage: Pixabay The pros and cons of debt consolidation If youre considering starting a business, applying for some finance, or just looking to simplify your financial affairs, then you may be considering whether debt consolidation is a step you should be taking. Is debt consolidation right for me? In simple terms, debt consolidation is bringing…
DetailsWashington/New Delhi: With implementation of a series of reforms including enactment of Insolvency and Bankruptcy Code (IBC), India has climbed to 4th position in protecting interest of minority investors, as per the latest ‘Ease of Doing Business Report’ of the World Bank. This is the first time that India has figured in the top five…
Details“Our advanced auction methods really pay off when you have a business liquidation or major undertaking like this one, with thousands of items to be sold. We’re able to accomplish the job in a fraction of the time other methods would take,” said Paige Holt, president of the auction company. “Our intensive marketing campaign brought…
DetailsOnly Record Date holders will be entitled to receive the Second Interim Distribution, and the aggregate amount of the Second Interim Distribution is expected to total approximately $10.1 million, leaving a balance of approximately $2.5 million in the Liquidator’s trust account. These funds, net of costs, will be distributed in the coming months as a final…
DetailsThe Synergies Dooray Automotive case, the first in which a resolution plan has been approved under the new insolvency law, had all the elements of surprise, drama and confusion. This Visakhapatnam-based maker of automotive parts, garage and service station equipment owed Rs 972 crore to Edelweiss ARC, Alchemist ARC, Millennium Finance and Synergies Castings. The…
DetailsEasyJet has confirmed a 40m (£35m) deal with Air Berlin to buy part of the insolvent German airline’s operations, in a move that will secure 1,000 jobs. EasyJet will buy some of the company’s assets at Berlin Tegel Airport, including landing slots as well as leases for up to 25 A320 aircraft. The UK airline…
DetailsBALTIMORE, Oct. 31, 2017 /PRNewswire/ — Under Armour, Inc. (NYSE: UA, UAA) today announced financial results for the third quarter ended September 30, 2017. The company reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release refers to “currency neutral” and “adjusted” amounts, which are non-GAAP…
DetailsSpread the news! The Yorkshire Meatball Company has entered liquidation. (Company number 08578499) The business was set-up and run by David and Gareth Atkinson, father and son. They closed the Harrogate Restaurant in October 2016, after crowdfunding £123,290 earlier the same year. There were was a further restaurant in York and they initially sold…
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