Trinidad and Tobago

Howai: Insolvency Regulator Coming Soon

Government is one step closer to enacting the Bankruptcy and Insolvency Act of 2007, Finance Minister Larry Howai has said. At present, he said, the state was moving apace to create the Office of the Insolvency Regulator which soon after would be filled and the agency would commence operations, the Trinidad and Tobago Guardian reported. Speaking at Monday’s launch of NCB Global Finance Ltd, a subsidiary of NCB Group, on Ariapita Avenue, Woodbrook, the minister said, “The Act was passed in 2007. It’s another piece of legislation that improves our ease of doing business.
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Beleaguered oil and gas producer Canadian Superior Energy Inc. said Friday it will buy partner and sidecar company Challenger Energy Corp. in a paper deal valued at $77.8 million, including debt, the Calgary Herald reported. The acquisition would consolidate Canadian Superior's stake in a contentious gas field offshore Trinidad and Tobago in which Challenger holds a 25 per cent interest.
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