Insolvency

Type: Keyphrase
Name: Insolvency
First reported Oct 22 2014 - Updated 5 hours ago - 5 reports

An increase in Scots on the rocks

The latest figures, analysed by BDO, from the Accountant in Bankruptcy reveal that overall personal insolvencies increased from 2,968 in Q2 2014 to 2,991 in Q3 2014.  The AiB uses the financial year as its base so when it states Q2 statistics it is referring ... [Published Business Quarter Magazine - 5 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

Cabinet tasks project team to enforce insolvency law

By Elias HazouTHE Cabinet yesterday green-lighted the establishment of a project team tasked with implementing new insolvency procedures.According to a statement, the team will comprise of at least three officers from the Department of Companies and Official ... [Published Cyprus Mail - 7 hours ago]
First reported 12 hours ago - Updated 12 hours ago - 1 reports

Directors' liabilities in insolvent company

This article examines and reviews Directors' liabilities of an insolvent company under the US and the English law. Insolvency in English law stands defined in section 214(6) of the Insolvency Act 1986. The insolvency in the US law is considered as a combination ... [Published Business Recorder - 12 hours ago]
First reported 14 hours ago - Updated 14 hours ago - 1 reports

Fund dealers facing $8M assessment: report

Companies cited in this article MFDA Investor Protection Corp. MoreThe insolvency of Markham, Ont.-based mutual fund dealer W.H. Stuart Mutuals Ltd. (WHS) in 2013 is going to cost the dealer industry about $8 million, according to a new report.The industry ... [Published Investment Executive - 14 hours ago]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

UK ratification of the Cape Town Convention

The key question is whether the UK should apply the provisions of Article XI (remedies on insolvency) and opt for Alternative A?If a Contracting State wishes to adopt the remedies provided under the Convention in respect of the occurrence of an insolvency-related ... [Published Norton Rose Canada - 15 hours ago]
First reported Oct 22 2014 - Updated 15 hours ago - 2 reports

Saudi firm takes stake in French poultry producer

  JEDDAH – The Saudi-Arabian food group Almunajem has taken a stake of 25 percent in the French poultry producer Groupe Doux. The transaction completes the financial restructuring of Doux that filed for insolvency over two years ago.Almunajen ... [Published Saudi Gazette - Economy - 15 hours ago]
First reported 21 hours ago - Updated 20 hours ago - 2 reports

Porsche cashes in on turnaround with consultancy business

* Recovered from near insolvency to become VW profit engine * Consulting business grew out of the turnaround plan * Clients have included British Airways, SAP, UBS By Andreas Cremer BERLIN, Oct 22 (Reuters) - Just as sports car fans adore the Porsche ... [Published Wards Auto.com - 21 hours ago]
First reported Oct 22 2014 - Updated 21 hours ago - 2 reports

69 jobs losses as Inter City Express mobile phone courier goes...

MOBILE phone courier firm Inter City Express has gone into liquidation with the loss of 69 jobs after it was saddled with ‘substantial’ bad debt as a result of Phones 4u’s collapse.The company had five sites throughout the UK, with its main operation ... [Published The Sentinel - 21 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

The problems facing insolvency practitioners

The first problem he will discover is that the legislators have not provided a clear and stable platform of legal obligations. Cable once said “there can be no excuse for failing to comply with the law which is very clear in this area”; this assertion ... [Published Economia - 21 hours ago]
First reported Oct 22 2014 - Updated 22 hours ago - 3 reports

Government to make business in country hassle-free

Starting a business in just a day tops the NDA government's agenda for giving a push to Prime Minister Narendra Modi 's 'Make in India' campaign. And officials are working hard to prepare a blueprint for making business hassle-free and getting rid of ... [Published India Today - Oct 22 2014]
Entities: India, Insolvency, Reformism
First reported Oct 22 2014 - Updated Oct 22 2014 - 2 reports

Troubled firm saved in £3.4m debts deal

A crisis-hit Green Deal installer has avoided liquidation after renegotiating its £3.4m debt.NWS of Barnsley faces an uncertain future after creditors agreed to a Company Voluntary Arrangement - but it does not face immediate closure with the loss of ... [Published Sheffield Star - Oct 22 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 1 reports

Rogue directors to benefit from reforms - R3

A greater number of fraudulent directors will get off the hook if the government presses ahead with plans for a new regime of insolvency litigation, trade body R3 has said.R3 is campaigning against proposals which will make it more difficult for insolvency ... [Published Insider Media Limited - Oct 22 2014]

Quotes

"We are very excited to be adding Martha Stewart Living magazine and www.marthastewart.com"
"We are very excited to be adding Martha Stewart Living magazine and www.marthastewart.com to our portfolio," Harty continued. "We will leverage our expertise and scale in the magazine and digital fields with the award-winning multi-platform content created by the Martha Stewart team to benefit both consumers and advertisers."
"In the long run, the retailers that will succeed are those that successfully establish a combined online and an offline presence" said Jörg Funder, director of the Institute for International Trade and Distribution Management at the University of Worms in Germany
"We believe the transaction will be a solid base for the company to work towards its goal of sustaining profitability through the mineral exploration cycle" Jonathan Lewinsohn a senior managing director at Centerbridge said

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All (2285) | News (1928) | Reports (0) | Blogs (300) | Audio/Video (1) | Fact Sheets (22) | Press Releases (30)
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An increase in Scots on the rocks [Published Business Quarter Magazine - 5 hours ago]
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Cabinet tasks project team to enforce insolvenc... [Published Cyprus Mail - 7 hours ago]
Foreclosures reform ‘critical’ [Published Cyprus Mail - 7 hours ago]
Pension system is ‘not sustainable’ [Published Irish Examiner - 10 hours ago]
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Boart Longyear does $401m private equity bailou... [Published ABC Online - 10 hours ago]
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SAI GLOBAL : acquires exclusive rights for Enco... [Published 4 Traders - 12 hours ago]
FTSE rises after Glaxo sets out recovery plan [Published City A.M. - 12 hours ago]
Directors' liabilities in insolvent company [Published Business Recorder - 12 hours ago]
Barclays joins chorus with Ocwen warning [Published HousingWire.com - 14 hours ago]
Madonsela: No funds, no public protector [Published Times Live South Africa - 14 hours ago]
Fund dealers facing $8M assessment: report [Published Investment Executive - 14 hours ago]
Report: Former Fisker CEO has some advice for T... [Published Autoblog Green - 14 hours ago]
FBME injunction hearings underway this week [Published Cyprus Mail - 14 hours ago]
UK ratification of the Cape Town Convention [Published Norton Rose Canada - 15 hours ago]
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Report: Former Fisker CEO has some advice for T... [Published Autoblog Green - 14 hours ago]
Filed under: EV/Plug-in , Tesla Motors Former Fisker Automotive CEO and ex- Chevrolet Volt vehicle-line director Tony Posawatz has some words of caution for Tesla Motors . The long-time automaker executive questions the California automaker's ...
SSDI Reform: Promoting Gainful Employment while... [Published Cato Headlines - Oct 22 2014]
Determining whether medical impairments imply inability to work is becoming more difficult in a growing number of cases, with the result that many applicants with residual work capacities are admitted to Social Security Disability Insurance (SSDI), a ...
Enhancing Financial Stability by Improving Cult... [Published The Big Picture Blog - Oct 22 2014]
Enhancing Financial Stability by Improving Culture in the Financial Services IndustryOctober 20, 2014 William C. Dudley , President and Chief Executive Officer~~~Remarks at the Workshop on Reforming Culture and Behavior in the Financial Services Industry, ...
Delaware High Court Says GM Loan Documents Vali... [Published Clusterstock - Oct 18 2014]
(Reuters) - The Delaware Supreme Court said on Friday that creditors are entitled to rely on formal loan documents authorized by secured lenders, even if there is a mistake in the documents. The court was responding to a question from a New York ...
RB Energy says TSX statement a key factor in CC... [Published Financial Post - Top Stories - Oct 17 2014]
TORONTO — The chief executive of RB Energy Inc. believes the lithium miner might have avoided insolvency if not for a two-sentence statement issued by the Toronto Stock Exchange. CEO Rick Clark said in an interview the company thought it had a $70-million ...
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Spanish tech star files for bankruptcy [Published Reuters Video: Business - Jul 10 2014]
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Press Releases

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DGAP-Adhoc: Hansa Group AG: Municipal court of ... [Published GlobeNewswire: Acquisitions News - Oct 01 2014]
DGAP-Adhoc: MIFA applies for insolvency proceed... [Published GlobeNewswire: Acquisitions News - Sep 29 2014]
LEGEND OIL AND GAS LTD. (LOGL) Announces its As... [Published GlobeNewswire: Acquisitions News - Sep 26 2014]
DGAP-Adhoc: S.A.G. Solarstrom AG: Shunfeng Grou... [Published GlobeNewswire: Acquisitions News - Aug 30 2014]
DGAP-Adhoc: S.A.G. Solarstrom AG: [Published GlobeNewswire: Acquisitions News - Aug 29 2014]
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