The new rules only apply to people in the U.S. However, due to the role of American banks in the global financial system, Russia will find it more difficult to make payments elsewhere, the BBC server warned. State Duma President Vyacheslav Volodin announced in response to Washington’s decision that Russia would repay its foreign debt … Read more
The domestic Sberbank, which lost its banking license as a result of the war in Ukraine and the connection to Russia, may not be cut. Liquidator Jiřina Lužová would like to sell it as a whole. “I want to do everything we can to satisfy the claims of all creditors as soon as possible and … Read more
The confiscation of criminally acquired property in insolvency proceedings does not violate the principle of legal equality in relation to the creditor, the Constitutional Court (ST) ruled on Monday, considering a case initiated by the liquidator AS “Trasta komercbanka” and its creditor. As it was clarified in court, initially two cases were initiated in the … Read more
ICL Czech, which operates the stores of the British chain Iceland in the Czech Republic, has filed for insolvency. Spokesman Petr Langmaier declined to comment on a direct question from Aktuálně.cz. According to the insolvency proposal, the reason is a coronavirus pandemic, which also affected food sales and Brexit, which, among other things, significantly increased … Read more
ICL Czech has outstanding receivables from 135 creditors, to whom it owes a total of approximately 38.4 million crowns, states insolvency petition. The company has obligations with, for example, the Czech Social Security Administration, the Tax Office of the Capital City of Prague or ČSOB. According to the justification in the insolvency petition, two things … Read more
The Czech furniture manufacturer MB Domus from Hranice in the Přerov region has filed for insolvency. The company, whose customers include the large chains XXXLutz, Möbelix and Asko – nábytek, owes almost 154 million crowns. This follows from the insolvency petition, which was pointed out by the HN.cz server. According to him, the Czech furniture … Read more
The six-time grand slam winner was tried for a declared personal bankruptcy in 2017 related to a loan of 3.5 million euros from the private bank Arbuthnot Latham. The court in London found Becker, 44, to be guilty, among other things, of failing to provide an entire inventory and conceal debt. The three-time Wimbledon champion … Read more
After a rather dramatic week, Russia’s first external insolvency in the last century now seems inevitable, Bloomberg writes. Content will continue after the ad Advertising First, the US Treasury suspended dollar debt payments from Russian accounts with US banks, tightening restrictions on the country. After the payments were blocked, Russia violated the terms of two … Read more
Moscow has not yet met the expectations of many analysts and investors, who predict early insolvency in Russia due to severe economic sanctions on the part of Western countries. Russia is currently repaying its foreign debts, averting the threat of insolvency that last occurred during the Bolshevik revolution more than 100 years ago, when the … Read more
If Russia did not pay, it would find itself on the verge of insolvency for the first time since the Bolshevik revolution more than 100 years ago. The deadline for the due date of interest was on Wednesday, and if Moscow did not send the money on time, it would usually have a 30-day period … Read more