Five years ago, Bruce DeGroot was standing up for the little guy. The Missouri House was debating a bill that would have made it easier for out-of-state third-party debt collectors to win default judgments against poor people. These are the companies that buy up old credit card debt for pennies on the dollar and then…
DetailsVANCOUVER , April 21, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) provides a further update to the interim liquidation orders against three subsidiaries of the Company issued by a judge in Kimberley , South Africa on March 23, 2017 . The interim orders, which have yet to be confirmed in…
DetailsSometimes, the lens captures what the pen just cant. All claims that text could never be bettered on screen were reversed for good back in 1972 when the novel The Godfather became a film. Those particular chapters were, perhaps, always destined for the camera; the story goes that author Mario Puzo was so eager to…
DetailsVANCOUVER, April 21, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) provides a further update to the interim liquidation orders against three subsidiaries of the Company issued by a judge in Kimberley, South Africa on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing…
DetailsThe National Company Law Tribunal, Mumbai Bench presided over by Justice (Retd.) B.S.V Prakash Kumar has on April 10, 2017 passed a detailed order interpreting certain provisions of Insolvency and Bankruptcy Code, 2016. This order came to be passed in an application filed by DF Deutsche Forfait AG (Operational Creditor) under Section 9 of the…
DetailsVANCOUVER, April 21, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) provides a further update to the interim liquidation orders against three subsidiaries of the Company issued by a judge in Kimberley, South Africa on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing…
Details(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Neil Unmack LONDON, April 21 (Reuters Breakingviews) – The German lender’s latest U.S. regulatory thwack comes as it asks creditors to swap bail-in bonds for SEC-registered ones with clearer terms. It implicitly tests Berlin‘s model for resolving banks. It’s also a…
DetailsTHE number of Scottish corporate insolvencies in the first quarter was down 19 per cent on a year earlier, with business failure levels now back at normal levels, analysis by KPMG shows. Blair Nimmo, head of restructuring at KPMG, declared the accountancy firm had seen the return of some stability to the Scottish oil and…
DetailsThere has been a recent development in the case of EU insurer Enterprise Insurance several months after it was declared insolvent. Earlier this week, the Gibraltar Financial Services Commission (GFSC) appointed Tony Woodcock and John Fordham of Stephenson Harwood LLP as independent inspectors to investigate the insolvency of Enterprise and the conduct of its directors…
DetailsSome $60 million (56 million) of debt issued by a Dublin-based company for a Russian bank last November has been deemed worthless as the borrower, currently at the centre of a fraud investigation, has been declared bankrupt. Tatfondbank, based in the city of Kazan, east of Moscow, set up an Irish special-purpose vehicle (SPV) called…
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