Garant-Auto company  initiated proceedings about bankruptcy

Garant-Auto company initiated proceedings about bankruptcy

17.11.2016 News

The Supreme economic court of Ukraine made the statement on the official site, concerning initiation of Garant-Auto insurance company bankruptcy proceedings on September 21, 2016 . On October, 17, the Economic court of the Kyiv city began insolvency proceeding in this case.

Insolvency proceeding is open based on the statement of the creditor: MTIBU (Motor Transport Insurance Bureau of Ukraine). Compensations to the persons having the right to an insurance indemnity under agreements that were concluded with the company debtor. It MTSBU will also perform. Such procedural payments intend to issue based on statements of injured persons. In addition, within a month from the moment of initiation of proceedings about bankruptcy, all competitive creditors have the right to submit the applications.

The company is founded in Kyiv in 1992 and provided insurance programs for legal entities and physical persons. According to information, posted on the official site of the organisation, “Garant-Auto” paid about 350 thousand hryvnias insurance every day.In 2013 company assets has constituted 594 thousand hryvnias, insurance reserves have been 182 thousand hryvnias, and the authorised fund constituted about 83 thousand hryvnias that had confirmed its financial solvency.

It should be noted that unfortunate trends in the sphere of economy strongly at the insurance struck market in Ukraine. At the end of September of this year, a Netherlands private joint-stock society Aegon Life Ukraine management made the decision to abandon the Ukrainian market, because of an adverse financial situation. LDaily also reported on its pages about it. In addition, even more, than 5 small insurance companies have declared the bankruptcy within the last 6 months.

Other articles

  • Visa and JPMorgan Chase are launching apps for contactless payment system for sellers
    News

    Visa and JPMorgan Chase are launching apps for contactless payment system for sellers

    On Tuesday, JPMorgan Chase announced the launch of its mobile payment service QuickAccept, and on Wednesday, Visa launched its application called Tap to Phone. The purpose of both programs is to offer sellers an easy way to accept contactless payments from customers via a smartphone or tablet. According to Visa, in the context of the […]

  • AT&T’s quarterly revenues exceeded estimates after adding 645,000 new telephone subscribers
    News

    AT&T’s quarterly revenues exceeded estimates after adding 645,000 new telephone subscribers

    Shares of AT&T, which have lost 27.6% of value since the beginning of the year, rose up to 5.8% on Thursday after the publication of better-than-expected Wall Street analysts, earnings for the 3rd quarter, which ended on September 30. AT&T reported earnings per share of $ 0.76, which is 19% below last year’s value, but […]

  • Tesla began supplying Model 3 Chinese sedans to Europe
    News

    Tesla began supplying Model 3 Chinese sedans to Europe

    Tesla Inc. of Elon Musk will export Model 3 electric cars made in China to Europe. This was reported by the Interfax-Ukraine news agency with reference to the company’s statement. The first batch of 7,000 cars will be shipped from the port of Shanghai on October 27. They are expected to reach the Belgian port […]

  • Australia will build the world’s largest power plant
    News

    Australia will build the world’s largest power plant

    The Guardian reported that Sun Cable has announced the construction of the world’s largest solar panel power plant worth $ 20 billion. It will be located between the Australian cities of Darwin and Alice Springs, and its capacity will be 10 GW. The project plan has already been submitted to the Environmental Protection Office of […]

  • Alibaba will acquire part of the shares during the IPO of the Ant Group
    News

    Alibaba will acquire part of the shares during the IPO of the Ant Group

    Chinese Internet company Alibaba will buy more than a fifth of the shares of its division, specifically of a fin-tech company Ant Group, as part of its future IPO on the stock exchanges of Hong Kong and Shanghai, Alibaba said in a release. “Alibaba has agreed to subscribe for 730 million shares of the initial […]

  • Adidas may sell Reebok
    News

    Adidas may sell Reebok

    According to Bloomberg, a source familiar with the situation, German manufacturer of sportswear and accessories Adidas AG is considering the possibility of selling its brand Reebok. “In the coming months, the company will decide whether to start the sale process,” the source said. According to the interlocutor of the agency, the internal assessment of sales […]

  • Tesla is recalling 50,000 vehicles
    News

    Tesla is recalling 50,000 vehicles

    Tesla is recalling about 50,000 Model S and Model X cars manufactured in the United States in different years and imported to China due to the identified suspension problems. This was reported on its website by the Chinese State Administration of Market Regulation. According to the statement of the Chinese regulator, almost 30 thousand Model […]

  • Coca-Cola’s net profit for 9 months decreased by 9%
    News

    Coca-Cola’s net profit for 9 months decreased by 9%

    The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports. Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. […]

Read also

Garant-Auto company  initiated proceedings about bankruptcy
News

Mriya has provided a social assistance to local communities in the amount of 22 mln. UAH

Agricultural company Mriya  paid 192.4 million UAH of tax deductions and provided assistance to local communities  of  22 million UAH. Since the affiliation under the control of creditors in February 2015, “Mriya” Agro Holding paid 192.4 million UAH of tax payments to budgets of all levels. In addition, last year the company provided social assistance […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Ukraine has canceled the registration of foreign investments

President of Ukraine Petr Poroshenko has signed the law on the abolition of compulsory registration of  foreign investments, which took the Verkhovna Rada of Ukraine on 31 May. This report announced on the website of the President of Ukraine. The law abolishes certain articles of the statutes of the Economic Code of Ukraine and the […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Oschadbank signs the pact with EBRD for € 50 m

By the information of Interfax-Ukraine, the state  Oschadbank and the European Bank for Reconstruction and Development have signed the memorandum of the association about corporate management state bank support on the 25th of November 2016. The parties also have concluded the memorandum about supporting of 50 million euros due to a trade financing program. As […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Wealthy Save Money In Alpine Rocks

The Swiss construction company Bruenig Mega Safe AG offered the rich to save their money in a storage carved into alpine rocks. It is reported that the company plans to use space in the mountains equivalent to ten football fields to create a storage. The warehouses will have a volume of 100 cubic meters and […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Boeing reports quarterly losses of $ 2.4 billion and cuts production again

On Wednesday, Boeing announced the financial results of the 2nd quarter, which ended on June 30. Boeing Management noted that the company makes “tough, but necessary steps to adapt for a new realities of market.” Aviation giant is experiencing perhaps the most difficult times in its history, faced with a double crisis. On the one […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

France’s largest bank bought a stake in the Ukrainian gas company

The financial conglomerate BNP Paribas (headquartered in Paris) acquired indirectly 11.42% of the British JKX Oil&Gas, which owns the Poltava Petroleum Company. This is stated in the message  of the JKX Oil&Gas reported on the London Stock Exchange. The owner of the package of the JKX at a rate of 11,42% became the British company […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Will russian gas line TogliattiAzot be built by passing Ukraine?

In the near future Ukraine may lose some revenue from the transit of Russian gas. Foreign  provider JSC Togliatti, which is among the top ten international flagship for the production of ammonia, is considering the possibility of building an additional pipeline from their company to the terminal in Taman port, by passing the Ukrainian part […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Unilever will invest € 8.3 million in a factory of the tea production of the in the Kiev region

A major manufacturer of products, Unilever Company intends to launch a tea factory in the Kiev region in the second half of 2016. The company has already invested in the project  € 8.3 million.  “Unilever will launch its own tea factory in Gostomel. Unilever works on the project from the middle of 2015, and at […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Adidas may sell Reebok

According to Bloomberg, a source familiar with the situation, German manufacturer of sportswear and accessories Adidas AG is considering the possibility of selling its brand Reebok. “In the coming months, the company will decide whether to start the sale process,” the source said. According to the interlocutor of the agency, the internal assessment of sales […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

VW: scandal continues

In September 2015 it became known that diesel engines VW and Audi brands have been equipped with special incorrect installation that could not detect the level of emissions when they were being tested. So because of this program, the emission of harmful substances into the atmosphere while driving on such cars exceeded all established norms, […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Yuzhmash provides Antares Carrier Rocket Shipment to the USA

According to Interfax-Ukraine, the State Enterprise  Production Association Yuzhny Machine-Building Plant named after A.M. Makarov (Yuzhmash) has provided the  first step of Antares carrier rocket (CR) medium-class shipping  by the interests of Orbital ATK Inc. (NYSE: OA) Company. The international space station renewed the cargo flight after CR modernization with Mild-Atlantic Regional Spaceport due to […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

The american company S&W Seed will produce seeds in Ukraine

The US company, which produces seeds, has signed a licensing agreement with a major seed company about production and sale of sunflower seeds in Ukraine, Russia, Belarus, Georgia and Kazakhstan. The press service of the company officially announced about this.    The americans want to make only two varieties of sunflower seeds in Ukraine. Although, […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Vinnytsa agro-industrial group invests $ 20 million in its development

“Vinnitsa agro-industrial group” plans to attract financing in the amount of $ 20 million. This was said by the general director of the group, Vladimir Bartz. “We hope to raise $ 20 million. We need them to increase the land bank, to attract more equipment as well as construction of oil extraction plant at the […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

Royal Dutch Shell has sold a part of its business in Malaysia

Dutch-British oil and gas holding company Royal Dutch Shell has transferred a majority stake (51%) of its Malaysian business to local manufacturer – the company Malaysia Hengyuan International Ltd. It is reported by news portal Inventure with reference to the foreign media. According to official information, the transaction value gets at 66.3 million dollars. As […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
Analytics

How clinching the association with the EU influenced on Ukrainian business

The President of Ukraine signed the agreement on association with the EU on September 16, 2014. It was what all country has aimed and waited for so long. However, what we have today ?Are the expectations met? We decided to talk about it within the weekly Analytics from LDaily heading this time. First of all, it will […]

Next
Garant-Auto company  initiated proceedings about bankruptcy
News

“Gazprom” filed a lawsuit against the AMCU due to the fine of 86 billion UAH

According to the sources, “Gazprom”, JSC demands to annul the decision of the Antimonopoly Committee of Ukraine (AMCU) of the fine in the amount of 85.966 billion UAH through the Commercial Court of Kiev. The claim is registered in the court on April, 12. “Naftogaz of Ukraine” and “Ukrtransgaz” must be the third parties in […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com