If you work in the tech industry, youve undoubtedly heard the term liquidation preference at some point. You may have experienced a chill as the words fell upon your ears, too. Theres a non-medical reason for this: liquidation preferences are created to ensure that investors get paid before anyone at a startup when the company either sells…
DetailsMumbai: ICICI Bank Ltd has filed an application in the National Company Law Tribunal (NCLT) against Innoventive Industries Ltd to initiate a corporate insolvency process under the new bankruptcy law. This is the first case in India filed under the Insolvency and Bankruptcy Code, 2016, and it will provide a primer on how the new…
DetailsAdam Robison | Buy at photos.djournal.comHancock Fabrics, which was founded in Tupelo in 1957, filed for Chapter 11 for the second time in February. In March, it announced it would liquidate its remaining assets. By July 31, its remaining stores had closed. By Dennis Seid Daily Journal TUPELO The biggest business story of 2016 was…
DetailsAthens’ decision to pay out bonuses to pensioners prompted Eurozone members to freeze short-term debt relief to Greece. Poverty-stricken pensioners jumped at the hand-out, waiting in long lines to cash their checks. The finance ministers, known collectively as the Eurogroup, issued a statement on Saturday saying that Greece’s creditors had agreed to continue talks. This happened…
DetailsAdam Robison | Buy at photos.djournal.comHancock Fabrics, which was founded in Tupelo in 1957, filed for Chapter 11 for the second time in February. In March, it announced it would liquidate its remaining assets. By July 31, its remaining stores had closed. By Dennis Seid Daily Journal TUPELO The biggest business story of 2016 was…
DetailsBHS was among companies which fell into administration in 2016 Thousands of British jobs have been lost this year as a string of struggling firms including BHS, Austin Reed and Lowcostholidays fell into administration. The development raises questions over job security in the new year, with companies set to contend with weaker growth, rising inflation,…
DetailsMs Justice Caroline Costello yesterday (December 19) granted the bankruptcy petition by Promontoria (Aran) Ltd fund arising from a 2m judgment obtained after the fund took over the TD’s debt to Ulster Bank. Promontoria is owned by US fund giant Cerberus, the fund at the centre of allegations made in the Dáil by Mr Wallace…
DetailsMs Justice Caroline Costello yesterday (December 19) granted the bankruptcy petition by Promontoria (Aran) Ltd fund arising from a 2m judgment obtained after the fund took over the TD’s debt to Ulster Bank. Promontoria is owned by US fund giant Cerberus, the fund at the centre of allegations made in the Dáil by Mr Wallace…
DetailsINDEPENDENT WA Senator Rod Culleton has been declared bankrupt in the Federal Court in Perth, following a ruling made today. On Sunday night, Senator Culleton announced hed quit the One Nation party that he was initially elected on at the July 2 poll, after a fall-out with leader Pauline Hanson, ahead of his Monday court…
DetailsLondon Welsh have entered liquidation but will be able to fulfil next two games Rugby Football Union have allowed the Exiles more time to meet their criteria They have been automatically deducted 20 points as a result By Press Association Sport Staff Published: 05:20 +11:00, 24 December 2016 | Updated: 05:20 +11:00, 24 December…
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