Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679 U.K. travel industry businesses are…
DetailsKOTA KINABALU: The Malaysian Department of Insolvency (MDI) is seeing increases in bankruptcy cases for the past few years. A total of 8,543 active cases were recorded in Kota Kinabalu at the moment, where 688 cases were recorded last year alone. Bankruptcy is a process where a debtor is declared a bankrupt pursuant to an…
DetailsPune-based UB Engineering Ltd (UBEL), part of the Vijay Mallya-led UB group, has filed for insolvency at the National Company Law Tribunal (NCLT). “The company has dues of around Rs 450 crore to five banks. It has moved the NCLT in Mumbai today,” an official familiar with the development told Business Standard. …
DetailsTAMPA, FL / ACCESSWIRE / January 6, 2017 / Trxade Group, Inc. (OTCQB: TRXD), a web-based market platform with over 6,700 registered independent pharmacy customers that enables its customers to quickly source and purchase pharmaceuticals, accessories, and services from a wide range of manufacturers and drug distributors, completed the first phase of a comprehensive restructuring…
DetailsCHINA ordered a clampdown Thursday on the mega sums being shelled out on foreign football stars and their salaries after the high-profile signings of Oscar and Carlos Tevez. There has to be action against irrational investment and the government will regulate and restrain high-priced signings and make reasonable restrictions on players high incomes, a state…
DetailsPublished on Friday, January 6, 2017 A report coming out later this month will show that nearly four in 10 travel companies are now in ‘significant’ financial distress. Data analysed by insolvency firm Begbies Traynor found 2,679 businesses in the travel sector – thought to be made up of around 7,000 companies – were experiencing…
DetailsThe travel industry is braced for thousands of insolvencies as the sector comes under increasing pressure from terrorism fears and rising costs. According to data from insolvency firm Begbies Traynor, 2,679 businesses in the travel industry are currently experiencing significant distress, a 10 per cent increase compared to the previous quarter and a four per…
DetailsReuters The success of MGM Resorts over the last five years can be traced back to one place: The Las Vegas Strip. MGM generates a vast majority of its revenue from the Las Vegas Strip, which has been on a long, slow recovery since the recession ended. That’s why it’s curious, to say the least, that MGM…
DetailsPhoto by LendingMemo.com, via Flickr Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679…
DetailsSheffield domestic and commercial skip hire company Mr Rubble, known for its bright orange skips, has ceased to trade and has been placed into liquidation. Wilson Field has stepped in to handle matters at the recycling centre on Stevenson Road, with the loss of all 20 staff. Mr Rubble has traded since 2001 and had…
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