A U.K. court approved a debt restructuring at Spanish-based Codere SA, cementing Londons role as a legal hub for troubled companies worldwide. Judge Guy Newey ruled that the case fell within the courts jurisdiction. A preliminary ruling questioned whether Codere could restructure 1.2 billion euros ($1.3 billion) of bonds issued under New York law in…
DetailsRIGA, Dec. 17 (Xinhua) — A lawsuit has been filed against Latvia’s KVV Liepajas Metalurgs steelmaker in which the plaintiff asks court to declare the company insolvent over an outstanding six-figure debt. Information on the website of the Latvian Insolvency Administration shows that the city court in the southwestern Latvian city of Liepaja is scheduled…
DetailsBy Ara Oghoorian Learn more about Ara on NerdWallets Ask an Advisor If youve graduated and started working, and yet you still feel overwhelmed by your student loan payments, there are ways to lessen the load. Federal student loan borrowers may be eligible for a government repayment plan that caps monthly payment amounts based on income. Pay As You Earn,…
DetailsLast weeks Finance Bill 2016 gave more detail of the changes to the taxation of company distributions — an area which was ominously foreshadowed for reform in the 2015 Autumn Statement, writes David Whiscombe, partner at tax advisory BKL. Although the following analysis is based on the only limited HMRC guidance available so far and…
DetailsFormer South African Airways board member Russell Loubser recently reflected on his decision to step away from the group in a hard hitting interview with Biznews.coms Alec Hogg. In the interview former JSE CEO Loubser said everything thats happened to the state-owned airline was entirely predictable, and in his view the chairperson and directors had…
Details… Read the full article at: http://www.prnewswire.com/news-releases/trina-solar-announces-restructuring-of-downstream-business-management-300194411.html
DetailsRomanias Government considers postponing the personal insolvency laws implementation. The Justice Ministry has come up with the proposal, following a request of the Superior Council of Magistracy (CSM). Romanias justice system doesnt have the necessary staff and lacks the time to hire specialists until the end of the year, according to CSM, reports…
DetailsIllustration: David Rowe History will be made and $500 million in funds released to creditors when federal court judge Steven Rares approves a settlement between the liquidators of Lehman Bros Australia and its United States parent in Sydney on Friday. The federal court settlement is a tribute to the canny international legal tactics adopted by…
DetailsIt was supposed to be a highlight on the Counter-Strike and Dota 2 competitive calendars, but the Gaming Paradise event in September turned out to be nothing short of a shambles. Broadcasts were constantly plagued by technical issues. PCs werent delivered on time, and when they arrived they werent all in an equal state. Accommodation…
DetailsThe Productivity Commission has recommended the federal government introduce a streamlined process for small businesses going through a voluntary liquidation. The recommendation is one of 15 contained in the commissions final report into the barriers to setting up and closing or transferring a business in Australia, which commenced in November 2014. Released on December 7,…
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