ANALYSTS say that Bidvests decision to list its Foodservice and South African businesses separately is a sensible one. Most compellingly, Dirk van Vlaanderen, an investment analyst at Kagiso Asset Management, says it is the “most orderly way” for group CEO Brian Joffe to let go of the reins. Bidvests decentralised structure has encouraged “strong divisional…
DetailsIn mythology, Cerberus was the multi-headed dog that guarded the underworld, whom Hercules subdued and brought into the daylight. It may not be a giant guard dog, but the US fund Cerberus Capital Management has grown to become a very big beast indeed in Irish affairs over the last two years. In that time, it…
DetailsAlberta has seen an 18.5% spike in personal insolvency over this last year. Thats according to Zaki Alam, a Senior VP with MNP Limited, where he specializes in consumer and corporate insolvency. Alam says a series of lay-offs in the oil-patch is much to blame, but the downturn in the price of oil has had…
DetailsBy Jeff Sistrunk Law360, Los Angeles (March 8, 2016, 7:48 PM ET) — The Florida Supreme Court will hear arguments Thursday on whether a newer, more restrictive definition of “covered claim” applies to sinkhole losses if an insurer issued a policy before the definition went into effect but was later declared insolvent, and its answer…
DetailsThe small French town of Château-Chinon, located in the rolling hills of the Nièvre district, was once best known for its medieval ruins and its former mayor, François Mitterrand, who went on to become Frances longest-serving president after his election in 1981. But this town of 2,100 residents has attracted a different sort of attention…
DetailsThe bankruptcy filing by a company that owns shuttered ethanol plants at Ravenna and York lists millions of dollars in debts to Nebraska companies and local governments that may not be repaid. Spanish company Abengoa S.A.’s U.S. subsidiary, Abengoa Bioenergy U.S. Holding LLC, filed for Chapter 11 bankruptcy last month. In bankruptcy documents, it lists…
DetailsAn energy efficient home built by Horvath Homes. A large Hawke’s Bay building company behind major subdivisions in Napier is facing possible liquidation over unpaid taxes. Inland Revenue has filed an application in the High Court in Napier to liquidate Horvath Construction. A statement of claim filed by the department stated that the company had…
DetailsLike several Canadian law firms, Stikeman Elliott LLP holds a variety of seminars on mining law during the PDAC convention. The current state of mining industry is perhaps best summed up with the choice of topic that kicked off Stikemans set of rapid-fire presentations on Monday morning: insolvency and restructuring. This obviously isnt the happiest…
DetailsSTAMFORD, Connecticut and LUCCA, Italy, Mar 08, 2016 (PR Newswire Europe via COMTEX) — STAMFORD, Connecticut and LUCCA, Italy, March 8, 2016 /PRNewswire/ — Solution Addresses All Solvency II Standards, Including 2016 Pillar 3 Reporting Requirements Tagetik [http://www.tagetik.com/?utm_source=PR&utm_medium=PRNewswire&utm_campaign=PR ], a visionary leader in global performance management software solutions, announced today that 265 insurance companies and…
DetailsNew Delhi, Mar 8: Former director of Kingfisher Airlines, Vijay Mallya was slammed by his erstwhile female employees who are still awaiting their salaries. In a hard-hitting letter written by the aggrieved women, they lashed out at Mallya for holding back their salaries and accused him of being exploitative to the core. Mallya held up…
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