Groovefest (Photo : via Goorvefest) Festival season is one of the most exciting times for music fans around the world. They get to see some of their favorite acts on big stages almost every weekend. Traveling and camping becomes part of the adventure. Even with the proliferation of festivals globally, there is a downside sometimes…
DetailsHealthcare major Apollo Hospitals Enterprise Ltd (AHEL) is expecting the six-member committee it formed to look into restructuring existing businesses to come out with its decisions in a year’s time. The company on Thursday said its Board of Directors has deliberated the possibility of various options to restructure the businesses by…
DetailsNigeria: Restructuring & Insolvency Practice Area Review 2016 September 2016 By Etigwe Uwa, Streamsowers & Köhn In legal parlance, restructuring of a corporate entity is effected upon a declaration of insolvency or to avert insolvency or in some cases for the expansion of the business base of such organisation. In the case of statutory…
DetailsPhoto courtesy of Michael Miller/Groovefest Just three days before it was scheduled to kick off its annual weeklong festival in the Dominican Republic, Groovefest has canceled its 2016 event. According to a Facebook post published around 10 AM PST, the promoters cite being unable to hit ticket sale targets as the reason for cancellation, thus…
DetailsOVERLAND PARK, Kan.–(BUSINESS WIRE)– Ivy High Income Opportunities Fund (IVH) today announced a monthly distribution of $0.125 per common share. The distribution schedule is as follows: Ex-Date Record Date Payable Date Amount September 14, 2016 September 16, 2016 September 30, 2016 $0.125 per share The distribution…
DetailsSeptember 2nd, 2016 Splash 24/7 Asia, Containers, Contributions 0 comments The insolvency of Hanjin Shipping, the worlds seventh largest container line, is likely to have a significant impact throughout the maritime sector. In this briefing Craig Neame and Matthew Wilmshurst from law firm Holman Fenwick Willan provide an overview of some of the potential consequences…
DetailsBy Kenneth Rijock Cayman Islands media, reporting on the latest developments in the unfolding scandal behind the court proceedings regarding B & C Capital Ltd, were forced to rely upon statements of the court-appointed liquidators, as the new proceeding against Bateman & Company Ltd was held behind closed doors. Kenneth Rijock is a…
DetailsChina is hoping to find a recipe to revive global economic growth when it hosts its first G20 summit this Sunday, but challenges are mounting in the form of domestic problems and regional tensions, with this weeks suicide car bombing at the Chinese embassy in Kyrgyzstan only adding to them. Around 40 world leaders are…
DetailsUpdated Sept. 2, 2016 12:09 a.m. ET Landlords, liquidators and licensing firm Authentic Brands Group have been declared the winners of a contest for distressed retailer Aéropostale, with an offer of $243.3 million in a deal that preserves part of the business, according to a person familiar with the matter. The results of a bankruptcy…
DetailsBy Abhinav Ramnarayan | LONDON LONDON A European Commission ruling that Apple Inc should pay Ireland up to 13 billion euros of back-dated taxes could help the country cut its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday. The European Union’s executive arm ordered Apple to pay the bill…
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