Dec 29 Moscow Exchange: * AKB RBR shares to be excluded from trading as of Dec. 30 due to the fact the company has been declared insolvent Source text – bit.ly/1IAXBWf Further company coverage: (Gdynia Newsroom) Read the full article at: http://in.reuters.com/article/idINFWN14I00920151229
DetailsTALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nations 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…
DetailsWITH the mad rush in preparation for the festive season a distant memory, minds may be turning to finances as the cost of Christmas is counted up. Rosalind Saul looks at how people can get help. AT this time of year many people fear they could be skating on thin ice as they risk finishing…
DetailsMUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
DetailsDec 29 Moscow Exchange: * AKB RBR shares to be excluded from trading as of Dec. 30 due to the fact the company has been declared insolvent Source text – bit.ly/1IAXBWf Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN14I00920151229
DetailsAn 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 of creditors scheduled…
DetailsMolycorp Inc. laid out the financial facts that it says justify allowing it to exit Chapter 11 bankruptcy in trimmed-down form as opposed to being pushed into a liquidation. The Greenwood Village-based rare-earths company says it would be valued at $252 million at most in a liquidation scenario, far from enough to cover more than…
DetailsMUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
DetailsPrime Minister Malcolm Turnbull before his announcement of the National Innovation and Science Agenda at the CSIRO Discovery Centre. Alex Ellinghausen Annual income tax rebates of up to $200,000 for retail investors and relaxed bankruptcy laws to encourage risk-taking are at the centre of the federal government’s push to boost innovation that Prime Minster Malcolm Turnbull says is…
Details(Adds details and context) Dec 28 Argentina said on Monday that it sold $1 billion of dollar-denominated Bonar 2016 bonds to help importers settle their backlog of payments that had ballooned under the previous government’s capital controls. The new, center right government of President Mauricio Macri said last week that it would issue up to…
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