An insurer’s pre-insolvency denial of coverage, without judicial confirmation, does not defeat a covered claim under the Pennsylvania Property and Casualty Insurance Guaranty Association Act, the state Superior Court has ruled. A unanimous three-judge panel ruled March 21 in Green v. Pennsylvania Property and Casualty Insurance Guaranty Association that James Green can proceed in his…
Detailsmoneytips.com , KSDK 1:34 PM. EDT March 24, 2017 A significant debt or a sexually transmitted disease (STD): which one would be a bigger deal breaker in a potential dating partner? A recent survey conducted by SoFi found that, for a surprising number of millennials, the answer is debt. Nobody would be eager to disclose…
DetailsPositioned as Economically Robust and Agile Competitor in the Global Helicopter Services Market IRVING, TX–(Marketwired – March 24, 2017) – CHC Group (the “Company” or “CHC”) today announced that it has successfully concluded its financial restructuring and emerged from Chapter 11 as its court-confirmed Plan of Reorganization (the “Plan”) went into effect on March 24,…
DetailsAn insurer’s pre-insolvency denial of coverage, without judicial confirmation, does not defeat a covered claim under the Pennsylvania Property and Casualty Insurance Guaranty Association Act, the state Superior Court has ruled. A unanimous three-judge panel ruled March 21 in Green v. Pennsylvania Property and Casualty Insurance Guaranty Association that James Green can proceed in his…
DetailsCurrently, Shanghai ChemPartner’s intention is to enter the capital market in China, mainly through a merger approach. By listing on either the Shanghai or Shenzhen stock exchange, ChemPartner seeks to leverage the capital market in China. Similar strategies have been adopted by several industry leaders. “ShangPharma is committed to the best interests of our employees,…
DetailsOne of three companies taken to court by the government over unpaid ground rent for the Casino di Venezia site in Vittoriosa has been declared bankrupt by a court and is to be liquidated. The company, Vittoriosa Gaming Ltd (VGL) also owns all the shares in another of the companies that are…
DetailsIn September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG) properties; one at StarWorld and the other at Galaxy Macau. The same month GEG issued letters to Iao Kun linked promoters Sang Lung Gaming Promotion Company Limited…
DetailsVANCOUVER, March 24, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) announces that a judge in Kimberley South Africa issued an interim liquidation order against three subsidiaries of the Company yesterday. The interim orders, which have to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC…
Detailsinterview By Co-Pierre Georg, University of Cape Town and Qobolwakhe Dube Is South Africa safe from systemic risk in its financial system? Systemic risk can lead to the collapse of financial markets as happened in the 2008/09 global financial crisis. In a new study Qobolwakhe Dube and Co-Pierre Georg provide new insights into the extent…
DetailsSHANGHAI , March 24, 2017 /CNW/ — ShangPharma, a leading life science partnering organization providing high-quality and cost-effective drug development and discovery services, technology, and investment for the pharmaceutical and biotechnology industry, announced today the intent for a strategic corporate restructuring. ShangPharma will be consolidating the Contract Research Organizations (CRO) and Contract Manufacturing Organizations (CMO)…
Details