The European Commission has approved the restructuring of France’s Areva group, ruling that the French government’s plan to grant a capital injection of 4.5 billion ($4.8 billion) into Areva does not breech European Union (EU) state aid rules. France notified the commission in April last year of the planned restructuring of Areva, which is 86.5% state-owned, in…
DetailsLOS ANGELES Add Live Nation and its nearly 9,000 employees to the growing list of companies offering to help pay down student debt as an employee perk. Live Nation Entertainment is working with tech startup Tuition.io (tuition I owe, get it?) to administer the program, which Tuition.io also does for Staples, Fidelity Investments and Hewlett-Packard.…
DetailsThe National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition filed by UB Engineering Ltd (UBEL), part of the Vijay Mallya-owned UB group. As part of the process, the tribunal’s Mumbai bench, where the petition was filed, has appointed insolvency professional A K Mehta to initiate the process of insolvency resolution. …
DetailsThe organisation, Council Tax Advisors (CTA), will operate on a UK-wide basis and provide free help and advice to people struggling with tax arrears. Carrington Dean said this meets a growing need for help as an estimated one in 10 UK households are struggling with council tax debts. The service will help individuals by assisting…
DetailsComments (0) Cheadle Citizens Advice Bureau (CAB) is bolstering its debt advice support as families struggle to balance their finances juggling Christmas debts with rising heating bills and other expenses. An online poll, conducted for the Money Advice Trust by YouGov, suggested that 11 per cent of consumers expect to fall behind with their finances in…
DetailsA former Scotland goalkeeper has been made bankrupt with debts of more than £210,000. Rab Douglas, who played for Celtic and Dundee and was capped 19 times for his country, was declared insolvent after failing to settle large bills. Most of the money is thought to be owed to the tax authorities and relates to…
DetailsTroubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple. Kwong Properties took the business, which was…
DetailsThe National Companies Law Tribunal (NCLT), Mumbai has admitted the first insolvency proceedings initiated under the Insolvency and Bankruptcy Code, 2016 (Code) by ICICI Bank, against Innoventive Industries Ltd to commence a corporate insolvency resolution process. ICICI was represented by Cyril Amarchand Mangaldas who had briefed Zal Andhyarujina while Innoventive, the debtor company was represented by Crawford Bayley who had briefed senior counsel Ravi Kadam .…
DetailsPublic servants at Centrelink have been threatened with disciplinary action or even criminal prosecution as their bosses at the welfare agency try to stem the flow of internal leaks about the agency’s “robo-debt” campaign. Several workers have gone public about the debt recovery debacle since the controversy emerged last month and now Centrelink’s parent department,…
DetailsCompany Appointee/Solicitor Role Company Name Published Date Cor Cordis Dino Travaglini liquidator THEGREATSOUTHLAND PTY LTD 17/01/2017 HLB Mann Judd Kimberley Stuart Wallman liquidator Restell Holdings Pty Ltd 17/01/2017 McGrathNicol Robert Michael Kirman liquidator Texcom Equipment Co Pty Ltd 17/01/2017 McGrathNicol Robert Michael Kirman liquidator Texcom Pty Ltd 17/01/2017 Mackay Goodwin Domenico Alessandro Calabretta liquidator Auzzie…
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