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Richard Turton Award 2015

We are delighted to announce that the winner of the Richard Turton Award 2015 is Waiswa Abudu Sallam from Uganda.  Waiswa works for the Uganda Revenue Authority in the Debt Collection Department. He…

INSOL International Graduates

INSOL International is pleased to announce the sixth graduating class of the Global Insolvency Practice Course. The successful participants are now formally recognised as a Fellow, INSOL International.

Berlin Congress 2015 Registration Now Open

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New Insolvency Office Holders forum launched

During INSOL Europe’s AGM at the Annual Congress in Istanbul (October 2014), Catherine Ottaway (INSOL Europe’s President at the time) announced the decision to create a new forum focused on insolvency…

News
A debt deal agreed with the IMF and creditors averted default but the war-torn country’s worries are far from over A study by Coface Romania covering newly opened cases registered within the Bulletin of Insolvency Proceedings for January – June 2015 shows that during the first semester of this year 5,524 new insolvencies were registered, down by 57 percent over the same period of 2014 when 12,862 new insolvencies were opened.   However, despite the strong decrease in insolvency rates, the negative impact on economy was greater this year, mainly due to the fact that about 98 percent of insolvencies were filed for... Another batch of Polish tourists will have to be transported home by local authorities in Poland after a travel agency in Opole, Lower Silesia, announced that it had gone into liquidation on Tuesday. New figures show that the collapsed firm behind Irish Psychics Live, founded by space buff Tom Higgins, has left debts of over €2m to unsecured creditors. A total of 42 jobs have been lost at one of Scotland’s oldest law firms, while 80 have been saved, after the business entered administration. In the first half of the year 2015, the troubled assets manager Reverta retrieved EUR 20.6 million from restructuring troubled credits and selling real estate, according to Reverta’s unaudited financial report for the first quarter, writes LETA. Finland's Santa Claus Office has avoided bankruptcy thanks to the help of a new owner. Lapland Safaris Group said it had bought a majority of shares in Dianordia Oy, the company behind the Santa's office attraction in Lapland, and cleared its tax bill. "With this arrangement we want to ensure that the story of Santa Claus will continue," said Jyrki Niva, the managing director of Lapland Safaris, which organises reindeer and snowmobile safaris. Santa Claus Office last week said it had just days left to... After five months of talks with creditors Ukraine has agreed to a "debt restructuring… Managers of small and large companies in Latvia are optimistic about investments in their companies, but in all groups of companies, the most pessimistic views are about the overall level of economic activities in Latvia, the latest Citadele Index study show, reports BC head of external Communications at Citadele bank Baiba Abelniece. According to Dutch media reports, Heerlen, Netherlands based solar cell producer, Solland Solar, a subsidiary of Italian industrial firm Pufin Group, has filed for bankruptcy protection.
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