Bankruptcy is a cat that every bank and financial institution wants to bell at the earliest to offset losses. Thousands of crores of rupees are written off by banks under the guise of bad loans, when the institutions are unable to recover the outstanding dues from companies and individuals. Recently, even Reserve Bank of India…
DetailsVideo will begin in 5 seconds. More video Recommended Replay video Palmer believes Queensland Nickel will survive Federal MP and owner of Queensland Nickle, Clive Palmer, has been under fire after events in the timeline of the company have come under question. Vision courtesy ABC News 24. PT2M5S 620 349 Clive Palmer’s aviation company has…
DetailsWritten on the 23 February 2016 by Paris Faint RESULTS Legal has made a name for itself as an innovator in the commercial litigation space over the past decade, with founder and managing director Karl Hill (pictured) crediting it to an unconventional approach. “We’ve always tried to be slightly different from the…
DetailsBulgarian businessman Tsvetan Vasilev accused controversial lawmaker Delyan Peevski of blackmailing him and asking to take over key companies in return for sparing Corporate Commercial Bank (Corpbank or KTB) back in 2014. Loans taken out by the lawmaker from the Movement for Rights and Freedoms (DPS) at the time when Corpbank was placed under special…
DetailsAlmost half of Canadians are just $200 or less a month away from being unable to pay their bills or other debt obligations, a poll from Ipsos Reid on behalf of MNP, a personal insolvency practice, has found. About one in four say they dont make enough money to cover their bills or debt at all. SEE ALSO:…
DetailsMUMBAI: India’s oldest steelmaker Tata Steel is looking to restructure its domestic business to reduce costs and increase productivity as poor demand and heightened competition from imports have shrunk profits, according to several people familiar with the matter. Restructuring at Tata Steel will take place across all business functions such as human resources, production, transportation,…
DetailsMonday 22nd February 2016 – 3:05pm People struggling with debt in the Three Rivers district will get a helping hand thanks to support from local housing association Thrive Homes. The Watford-based landlord has awarded £12,000 to Three Rivers Citizens Advice Bureaux from its Community Grants Scheme. The sum will…
DetailsThe Zimbabwe government has ordered seven diamond companies in the Marange area of eastern Zimbabwe to immediately stop all mining activities, a month after complaining about their opaque operations. Mines and Mining Development Minister Walter Chidhakwa said the firms were operating illegally after the expiry of their joint-venture permits with the state. It has since…
DetailsJonathan Levine has joined Morrison & Foerster as a partner with the business restructuring and insolvency group. Mr. Levine, who most recently worked with Andrews Kurth, has represented creditors committees and bondholder groups in industries including mining and energy. In addition to working on chapter 11 cases, he also has worked on out-of-court restructurings and distressed…
DetailsHarare The Zimbabwe government has ordered seven diamond companies in the Marange area of eastern Zimbabwe to immediately stop all mining activities, a month after complaining about their opaque operations. Mines and Mining Development Minister Walter Chidhakwa said the firms were operating illegally after the expiry of their joint-venture permits with the state. It has…
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