NA body approves Corporate Restructuring Companies Bill – Pakistan Today

The National Assembly Finance Committee on Friday unanimously approved the draft of the Corporate Restructuring Companies Bill, 2016. Member National Assembly Qaiser Ahmad Sheikh chaired the meeting. The bill is aimed at establishing a new business regime under which corporate restructuring companies are to be incorporated, licensed and regulated by the SECP to perform the…

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Dragons’ Den’s Sarah Newman is declared bankrupt owing more than £4.5million – Daily Mail

Ex-RTÉ star, Sarah Newman, was due to be questioned about Irish debts  UK bankruptcy means temporary stop to Irish accounts being checked  Former dot.com millionaire and then partner agreed to pay £7.4m in 2011 Allied Irish Banks now claim she still owes them more than £4.6million   By Paul Caffrey For Irish Daily Mail Published: 01:47…

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Abengoa’s Main Shareholder Said Willing to Cut Stake to 5% – Bloomberg

Abengoa SAs majority shareholder sweetened its offer to creditors in talks aimed at avoiding bankruptcy, agreeing to further reduce its stake in the Spanish renewable-energy developer, according to three people familiar with the matter. Inversion Corporativa IC SA, controlled by the family of Abengoas founder Javier Benjumea, told creditors it would cut its holding to 5 percent…

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Developers Kerry and Dean Osborne declared bankrupt after stoush with John ‘Foxy’ Robinson – ABC Online

Related Story: ASIC begins proceedings against ANZ for alleged rate fixing Two high-profile Darwin developers Kerry and Dean Osborne have been declared bankrupt after a legal stoush with another Top End business tycoon. Centroid and Trepang Services, two companies associated with developer John “Foxy” Robinson, took Osborne Family Holdings to court…

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Sports Authority Wins Court Approval for Bankruptcy Loan and Liquidation Sales – Wall Street Journal

March 3, 2016 6:35 p.m. ET Retailer Sports Authority Holdings Inc. received court approval on Thursday to use a portion of its $595 million bankruptcy loan and to begin liquidating a number of its stores. At a hearing in U.S. Bankruptcy Court in Wilmington, Del., Judge Mary Walrath said the company could use up to $275 million of its…

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