By Reuters Published: 20:58 +11:00, 5 October 2016 | Updated: 20:58 +11:00, 5 October 2016 e-mail LONDON, Oct 5 (Reuters) – Britain’s finance watchdog has received a long-delayed final report looking into alleged malpractice at Royal Bank of Scotland’s small business restructuring division, the regulator said on Wednesday. The Financial Conduct Authority said on its…
DetailsWednesday, October 5, 2016 The top of the ten biggest companies in insolvency between 2011 2015 is led by the electricity producer Hidroelectrica, followed by the Roment industrial group and the chemical unit Oltchim, says Ziarul Financiar. Out of the ten companies in the top, three are already bankrupt and one is written out so…
DetailsTaipei, Oct. 5 (CNA) Taiwanese carrier TransAsia Airways said Wednesday that it is expecting profits starting 2017 after a recent company restructuring, including suspending operation of a subsidiary carrier and seeing reduced insurance payments thanks to increasing safety performance. After the suspension of V Air, which ended services Oct. 1, TransAsia could avoid losses of…
DetailsOct 5, 2016- Hundreds of Nepal-bound containers have been stuck at ports all over after shipping line Hanjin Shipping declared bankruptcy. Almost 20 percent of the goods imported by Nepali traders are carried by Hanjin. Rajan Sharma, former president of the Nepal Freight Forwarders Association, said that around 400 containers had been stranded at various…
DetailsThe law on personal insolvency will come into force in Romania at the end of this month, and not on December 31, as the Government had initially decided. The Chamber of Deputies passed the bill yesterday. The project needs to be sent to president Klaus Iohannis for promulgation. The law on personal insolvency was adopted…
DetailsBOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): The report issued by Finexsi, who acted as an independent expert with the mission to provide a fairness opinion of the financial terms proposed to creditors of SoLocal Group concerning the financial restructuring plan of the Group (see press release of September 28, 2016) has been finalised and…
DetailsPhoenix Institute * Facing Federal Court proceedings from the ACCC accused of making false or misleading representations and engaging in unconscionable conduct * A subsidiary of Australian Careers Network, which went into voluntary administration in March * Was allegedly paid more than $100 million by the Commonwealth for enrolments between January and October 2015 Australian…
DetailsSingaporean Hui Weng Cheong is the first non-Thai to serve as president of AIS, a move seen as preparing SingTel for a major push into the Thai market. (Photo courtest of AIS) Advanced Info Service (AIS) has announced the appointment of Hui Weng Cheong in the newly reinstated position of president, in a move viewed…
DetailsAlden Williams/Fairfax NZ Atamai Village off Mytton Heights Road. Village Stewards, which holds land owned by the Atamai Land Trust, is in liquidation. The future of a Motueka Valley eco-village is uncertain as its corporate trustee goes into liquidation owing creditors about $10 million. Atamai Village is a not-for-profit permaculture community billed as being “designed to deal with the impacts of…
DetailsLatest news: The WA state governments Keystart Housing Scheme Trust has sold Bendigo and Adelaide Bank $1.35 billion-worth of standard variable-rate residential home loan debt at 0.2% premium. The loans, roughly a quarter of Keystarts total loan book of about $4 billion, involves the debt of 6,000 borrowers with an average loan of $225,000…
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