Cape Town – Embattled Western Province Rugby (Pty) Ltd were finally liquidated in the Cape High Court on Tuesday … but the commercial partner in major dispute with them has vowed that the fight wont end here. CLICK HERE TO READ THE FULL JUDGEMENT Judge Dennis Davis, on behalf of Judge Ashley Binns-Ward, gave the…
BREAKING: Smartcity Vocational College accountants met with liquidators six months before the college’s administrative arm, SC Admin Pty Ltd, went bust. The report to creditors distributed to former SC Admin staff and creditors by Worrells Solvency and Forensic Accountants yesterday showed SmartCity accountants and lawyers met with Worrells on June 1 to discuss “solvency concerns…
Addvalue Technologies A unit of mainboard-listed communications technology firm Addvalue Technologies said yesterday that it has successfully completed a year of testing a terminal in space. The terminal uses what it calls an inter-satellite data relay system to communicate with satellites in low earth orbit, the zone manned space stations and most satellites operate in.…
A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising operations and management of the…
The Limited looks set to be the first retailer to file for bankruptcy in 2017. The 240-store chain, which like other womens apparel clothing stores has been struggling with declining traffic at many malls and a surfeit of merchandise on the market, is planning to file for Chapter 11 bankruptcy protection in the coming weeks,…
2016-12-21T12:31+02:00 12:31 21.12.2016 Kyiv’s court of appeals has satisfied a counterclaim of the National Bank of Ukraine (NBU) against a ruling of the court of a lower instance that declared invalid the regulator’s resolution placing bank Financial Initiative to the list of insolvent banks, the regulator has reported on its website. NBU Governor Valeriya Gontareva…
Chicago bankruptcy and foreclosure attorney Gregory K. Stern, P.C., announced the launch of its Chapter 7, Chapter 13 and foreclosure legal services. The firm helps individuals protect assets and restructure debt through effective debt relief legal services in Chicago while offering alternatives to the process CHICAGO, IL / ACCESSWIRE / December 20, 2016 / The…
BREAKING: Smartcity Vocational College accountants met with liquidators six months before the college’s administrative arm, SC Admin Pty Ltd, went bust. The report to creditors distributed to former SC Admin staff and creditors by Worrells Solvency and Forensic Accountants yesterday showed SmartCity accountants and lawyers met with Worrells on June 1 to discuss “solvency concerns…
Trading suspension might be underway. A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising…
[SINGAPORE] Rickmers Maritime, a Singapore-listed trust that operates container ships, said investors rejected a debt restructuring plan for its S$100 million note on Wednesday, prolonging uncertainty about its future. Rickmers is among a growing list of companies in Singapore that have been struggling to meet their debt commitments this year and have asked bondholders for…