Three out of four companies in FMCG sector risk insolvency in next 12 months (study) – ACTmedia

Wednesday, November 9, 2016 Three out of four companies in the consumer goods sector (FMCG) have above average insolvency risk in the next 12 months, according to a market analysis presented by Coface and EY. According to the document Analysis of consumer goods with big circulation speed (FMCG)made by the international credit insurance company Coface…

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Russian court refuses to recognize JFC ex-CEO Kekhman’s bankruptcy in UK – RAPSI

09:56 09/11/2016 MOSCOW, November 9 (RAPSI) – The Commercial Court of North-West District has upheld a lower courts decision refusing to recognize ex-CEO of JFC Group Vladimir Kekhmans bankruptcy, declared by the High Court of London, valid in Russia, according to court records. On August 3, the   St. Petersburg Commercial Court ruled that Kekhman…

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Mcdowells pushes for final liquidation – The Herald

McDowells Business Reporter McDowells International (Pvt) Limiteds provisional liquidator Winsley Militala is pushing for the companys final liquidation as it has no prospects of becoming a successful concern after losing its money lending licence to the Reserve Bank of Zimbabwe.The company is currently under provisional liquidation after its money lending licence was cancelled by the…

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Yet another insolvency leaves behind jobless Pakistani workers inside KSA – DunyaNews Pakistan

  Last Updated On 08 November,2016 07:23 pm Pakistani Embassy in KSA is also not coordinating over the matter, complains the workers DAMMAM (Web Desk) Pakistani citizens living abroad have been left to endure the hardships and unforeseen austerity once again as yet another company within Kingdom of Saudi Arabia (KSA) declares bankruptcy. According to details,…

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RBS is paying £400 million to try and settle its small business restructuring scandal – Business Insider

Britains financial watchdog on Tuesday said Royal Bank of Scotland was guilty of systematic mistreatment of distressed small businesses that came to it for help, but cleared the bank of the most serious allegation that RBS forced businesses into default for its own benefit. RBS announced alongside the reports findings that it will automatically refund…

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Romanian refinery RAFO Onesti re-enters insolvency – Romania-Insider.com

The refinery RAFO Onesti filed for insolvency again, five years after the company had managed to exit a seven-year restructuring process, in 2011. On October 27 this year, Bacau Court approved the insolvency request of RAFO Onesti appointing Casa de Insolventa Transilvania (CITR) as the judicial administrator, reports local Profit.ro. At the end of last…

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