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Stelco, Canada's largest steelmaker, announced yesterday that it will seek bankruptcy protection as part of efforts to restructure its money-losing business. Stelco racked up C$168 million (US$126m) in losses through the first three quarters of 2003. "We are taking this...
#bankruptcy#CIT#commercial finance
Germany's Euler Hermes Kreditversicherungs (Hermes) credit insurance agency plans to sue bankrupt commercial bank Inkombank to recover past debts from…
#bank#bankruptcy#Commerzbank
The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy…
#bank#bankruptcy#insolvency
The Slovak Police unit for investigating extra-serious crimes is reported to have detected several crimes linked to the Vseobecna uverova…
#bank#bankruptcy#Exim Bank
The Industrial Bank of Korea unveiled its plan yesterday (26 September) to provide a total of 1,000bn won ($865.8m) in…
#bank#bankruptcy#Clear
Poland has jumped up the world league of countries that are attractive to foreign direct investment (FDI), according to AT…
#bank#bankruptcy#investment
The Enterprise Act 2003, due to come into force on 15 September, will introduce a number of positive changes that…
#bankruptcy#banks#Boost
Whether they were located near the World Trade Centre or Pentagon or hundreds or thousands of miles away, small businesses…
#bank#bankruptcy#small business
Criticism is levelled at the government by small- and medium-sized enterprise (SME) proprietors due to the methods employed to save…
#bankruptcy#economy#Jobs
Daisytek International Corp. said the boards of its subsidiaries in the UK and Australia each appointed a voluntary administrator to…
#bankruptcy#commercial finance#guarantee
A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of factor…
#bank#bankruptcy#banks
Bankruptcies in Japan fell about 5 per cent in the last business year, according to independent research firm Teikoku Databank,…
#bankruptcy#banks#economic recovery
Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…
#bankruptcy#Paid