Business Netherlands Major shoe retailer officially declared bankrupt Shoe retailer Macintosh was officially declared bankrupt on Wednesday, after announcing that it filed for bankruptcy earlier in the day, NU reports. The bankruptcy applies only to the parent company. All of the companys shoe stores, including Scapino, Dolcis, Manfield and Pro Sport, will remain open for the…
DetailsSpurred by restructuring of industries and the governments move to ease regulations, Koreas mergers and acquisitions are expected to see another boom in 2016 after 2015, when M&A deals reached an all-time high, dealmakers said. Amid a prolonged global economic downturn, a growing number of Korean firms, once used to the pursuit of octopus-style…
DetailsWhat a year. When the Bull returned from last years Christmas graze, iron ore was a robust $US71 a tonne, West Texas crude $US60 a barrel, the S&P-ASX 200 was great value at 5380 points, West Perth was a bustle of activity and the WestBusiness section brimming with enthusiasm and excitement. Thoroughly jaded today, it…
DetailsSpurred by restructuring of industries and the governments move to ease regulations, Koreas mergers and acquisitions are expected to see another boom in 2016 after 2015, when M&A deals reached an all-time high, dealmakers said. Amid a prolonged global economic downturn, a growing number of Korean firms, once used to pursue the octopus-style business…
DetailsVictims of poor financial advice like Naomi Halpern have concerns about bankruptcy reforms. Photo: Wayne Taylor/Fairfax Media Reforms put forward by the Turnbull government to make it easier for people to get out of bankruptcy may not help many people expected to benefit from the scheme, experts say. Yet for some investors caught up in…
DetailsWritten by Sunny Verma | Updated: December 31, 2015 12:29 am The Finance minister Arun Jaitley with the RBI governor. The government and the central bank are moving towards setting up a monetary policy panel. (Source: Express photo) Looking back Towards the end of this year, the government introduced the Insolvency and Bankruptcy Code in…
DetailsPhoto: David McNew/Getty Images. New York Gov. Andrew Cuomo announced on Tuesday a plan to ease the burden of student debt for college graduates in his state, outlining a new student-debt forgiveness program. The program, called Get on Your Feet, aims to help recent graduates begin their post-college lives by investing in their homes and…
DetailsJerusalem Couple Arrested After Trying to Sell 3 Month Old Baby Girl Up for $100,000 to Get Fast Cash for Gambling Debts When one thinks of human trafficking and gambling scams it would probably never enter your wildest imagination that a father and mother of a 3 month old baby girl would be involved. However in what…
DetailsTORONTO, Dec. 30, 2015 (Canada NewsWire via COMTEX) — LWP Capital Inc. (LWP) (formerly “Legumex Walker Inc.”) (“LWP” or the “Company”) today announced that effective December 31, 2015, the Company formally adopted the plan of liquidation (“Plan of Liquidation”) substantially in the form set out in Schedule E to the Company’s Management Information Circular dated…
DetailsTALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nation’s state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting…
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