A YORK bar company which was fined £100,000 serving a liquid nitrogen cocktail that left a customer in agonising pain has gone into liquidation, evidently without paying the fine. Oscars Wine Bar Ltd has gone into liquidation, and documents from Companies House show the company has just £12,500 in assets. Documents say its debts include…
DetailsInsolvency resolutions of companies and individuals will be completed within 180 days, as per a new law which has got the nod from President Pranab Mukherjee. Insolvency is a situation where an individual or a company is unable to repay outstanding debt. The legislation has a provision for imposition by appropriate authority…
DetailsInsolvency resolutions of companies and individuals will be completed within 180 days, as per a new law which has got the nod from President Pranab Mukherjee. Insolvency is a situation where an individual or a company is unable to repay outstanding debt. The legislation has a provision for imposition by appropriate authority a minimum penalty…
DetailsAmid growing uncertainties on the potential impact of corporate restructuring, South Koreas large companies projected a negative outlook on business conditions for next month. The Federation of Korean Industries(FKI) on Monday released a survey on the nations top 600 companies in terms of sales, which estimated their business sentiment index (BSI) for June at 94-point-eight. It is…
DetailsPhoto The Greek Parliament building last week. Credit Angelos Tzortzinis/Agence France-Presse Getty Images European leaders congratulated themselves last week for reaching an agreement to provide more loans to Greece and eventually ease the terms of the countrys huge debt. But there is little to celebrate. Greece is bankrupt in all but name. The country has…
DetailsThe only true misfortune I have blessedly thus far experienced in my life has been belonging to the generation that was indoctrinated with the idea that after high school you had to go to college. There was no refusal, no rebuke to the wisdom of our baby boomer or early Generation X parents. Your only…
DetailsAmid growing uncertainties on the potential impact of corporate restructuring, South Koreas large companies projected a negative outlook on business conditions for next month. The Federation of Korean Industries(FKI) on Monday released a survey on the nations top 600 companies in terms of sales, which estimated their business sentiment index (BSI) for June at 94-point-eight. It is…
DetailsAs a small business, its vital you set your payment terms and improve your cash flow to make sure you stay solvent. You need to ensure your interests are protected when you deal with other businesses and new customers, particularly if the order is large and requires a lot of investment. Are you supplying to…
DetailsRussell Howarth when he was an anti-Uber campaigner Who exactly is Russell Howarth? He’s best known as the man who made citizens arrests while campaigning against the UberX ride sharing service when it was setting up in 2014. But he’s also a bankrupt thanks to a seemingly innocuous traffic accident outside Sydney’s exclusive Ivy nightclub and a court…
DetailsArsene Wenger has cashed in for £3.5million after his sports company shut down. The Arsenal boss is believed to have been receiving payments from LA Promotions LTD since the company went into voluntary liquidation in December 2014. Accounts reveal that Wenger took home in excess of £2million from the company, according to The Sun on…
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