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"Univer Capital" broker appealed to the Central Bank with a request for reorganization

Central Bank of Russia received an appeal from the “Univer Capital”. A well-known broker, part of the investment group of the same name, faced the threat of bankruptcy. However, the Central Bank stated that Russian legislation does not provide for a mechanism of reorganizing private firms. In a letter cited by Interfax, representatives of the firm note the risk of subsequent rolling bankruptcy of investors, including individuals and organizations. Many of them have previously spent their financial...

PHILIPPINE AIRLINES READY TO FILE FOR BANKRUPTCY

... in data analytics in the aviation market. The company referred to inside information obtained from the informed sources. We should remind our readers that Chapter 11 restructuring is the so-called “soft” form of bankruptcy, which is therefore called reorganization. It does not imply liquidation of the company, allowing you to restructure debts and continue working. Cirium sources previously reported that the company has already started working with Norton Rose Fulbright legal agency, bringing it ...

THE MINISTRY OF ECONOMIC DEVELOPMENT DOES NOT HEAR ANYONE: ANNUAL WAGES OF 50,000 RUBLES ARE PROPOSED FOR ARBITRATION MANAGERS

... this logic, the manager receives 50,000 rubles a year, i.e. 4000 rubles per month, which does not correspond to moral, economic and legal norms; - To stop corruption in the SROs of arbitration managers; - To introduce procedures for fast and effective reorganization when that include an opportunity to continue the business; - To organize the work of arbitration managers by analogy with the system in the legal profession and notaries; - To change the liquidating orientation of the bankruptcy bill to ...

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