Mark Dwyer An application to put Cottage Wines Limited into liquidation will be heard in the High Court at New Plymouth on June 21. Another Taranaki fruit winery is at risk of going into liquidation after failing to pay tax. The New Zealand Customs Service has applied to put Cottage Wines Limited into liquidation over…
DetailsMark Dwyer An application to put Cottage Wines Limited into liquidation will be heard in the High Court at New Plymouth on June 21. Another Taranaki fruit winery is at risk of going into liquidation after failing to pay tax. The New Zealand Customs Service has applied to put Cottage Wines Limited into liquidation over…
DetailsMumbai: The RBI has allowed lenders to carve out the “unsustainable” portion of their loans to troubled corporates and convert them into equity. The new restructuring scheme will help public sector banks in cleaning up large chunks of their bad loans, which amount to Rs 4.76 lakh crore. The extent of loans which cannot be…
DetailsGreece’s European partners should grant the country debt relief and lower its primary surplus targets, Greece’s central bank chief Yannis Stournaras wrote in the Financial Times. Stournaras said Greece had made significant fiscal progress, the government had honoured its commitments and “current market interest rates are very favourable to debt relief decisions for both borrower…
DetailsNEW YORK–(BUSINESS WIRE)–International law firm Dorsey & Whitney LLP announced today that Janet M. Weiss has joined the Firms Finance & Restructuring Group in New York as a Partner. Ms. Weiss has extensive experience in all aspects of corporate reorganization and debt restructuring matters. She has represented debtors, creditors, committees, secured lenders, debtor-in-possession financing lenders…
DetailsPuerto Rico can’t use a local law to restructure the debt of its financially ailing public utilities as it tries to overcome a decade-long economic crisis, the Supreme Court ruled Monday. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure about $20 billion in debt. The…
DetailsFrom K J M Varma Beijing, Jun 13 (PTI) The suspect in blast at Chinas second biggest airport in the commercial hub of Shanghai had a large amount of gambling debt and spoke of indulging in something “very crazy” which could cost his life, police said today. Zhou Xingbai, 29, from Tongren city in southwest…
DetailsWith help from Caitlin Emma, Kimberly Hefling and Caroline Kelly STUDENT LOAN DEBT RELIEF REGS COMING TODAY: The Obama administration plans to announce a sweeping proposed rule today that would streamline the process by which borrowers defrauded by colleges could get their federal loans wiped out, Morning Education has learned. The Education Department will unveil…
DetailsFrustration over online gambling debts prompted a 29-year-old man to carry out the crude bomb attack inside Shanghai airport that injured five people, including the attacker, police said on Monday. The attacker, identified as Zhou Xingbai from Guizhou region in southern China, was seriously injured when he slashed his throat after lobbing the home-made bomb…
DetailsChristian Keszthelyi Monday, June 13, 2016, 09:40 A foreign businessman who partnered with a city is apparently losing his business after losing the support of state and local officials. A liquidation proceeding was launched against Pécss Zsolnay, a porcelain manufacturer whose majority owner expressed concerns of a hostile takeover by city representatives. The procedure was…
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