Tuesday, March 15, 2016 *A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or mission), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to…
DetailsWOODBRIDGE, N.J., March 15, 2016 — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a second liquidation distribution to its stockholders in the amount of $0.36 per share (approximately $3.9 million in the aggregate) during the week of April 19, 2016…
DetailsStakeholders have expressed support for a new bill that repeals and re-enacts the 37-year-old Bankruptcy and Insolvency Act. The new bill Bankruptcy and Insolvency (repeal and re-enactment) bill, 2015 also provides for corporate and individual insolvency to provide for the rehabilitation of the insolvent debtor as well as create the Office of the Supervisor of…
DetailsNigella Lawsonis closing her TV production company (Picture: BBC) While none would dispute Nigella Lawsons expertise in the kitchen, it seems her television production company has been overdone. The buxom 56-year-old TV chef has placed her production company, Pabulum Productions, into voluntary liquidation. The announcement follows news that Nigellas TV show The Taste was axed…
DetailsStakeholders have expressed support for a new bill that repeals and re-enacts the 37-year-old Bankruptcy and Insolvency Act. The new bill Bankruptcy and Insolvency (repeal and re-enactment) bill, 2015 also provides for corporate and individual insolvency to provide for the rehabilitation of the insolvent debtor as well as create the Office of the Supervisor of…
DetailsDear Editor,In the political history of Arunachal Pradesh, we have seen chief ministers but the recent change of guard has a deeper conspiracy beyond politics. This will have a longer bearing on the future politics in the state and country. India is a multiparty, Westminster system of democracy. The government is…
DetailsOver the past three decades, global interest in emerging markets has soared, and when the financial crisis of 2008 hit, emerging markets were largely thought to be the next engine of global growth. Insofar as they have complied with this investor aspiration over the past few decades, they have also adopted a negative aspect of…
DetailsSTATEN ISLAND, N.Y. — If homeowners can refinance their mortgage, why can’t college graduates refinance their tuition loans? Help could be on the way for college students and graduates burdened with tuition loan debt. A bill gathering support in Congress would allow students and graduates to do just that, and then-some, according to Sen. Charles…
DetailsYou know the economy is slowing when insolvency, litigation and dispute work starts streaming in to law firms. That is certainly the case at Big Four law firm Rajah & Tann, whose lawyers in these areas are the busiest at the company these days. Mr Chia Kim Huat, Rajah & Tann’s regional head of corporate…
Details©Bloomberg Sir Philip Green The crisis at British Home Stores barely registers on the countrys high streets. Many years have passed since the shopping public thronged the department-store chains aisles and tills. But how it plays out still matters a great deal to the companys 20,000 pensioners, as well as its former owner, the retail…
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