Aussie distributors, Hemisphere Technologies and DPSA, have both been wound up and placed into liquidation, but that hasnt put an end to efforts by two global vendors, Kaspersky lab and Schneider Electric, to recoup cash they claim is owed to them by the local companies. The fallout between DPSA and Schneider Electric was made public…
On May 11, 2017, the Management Board of SolarWorld AG filed for insolvency proceedings at the local court of Bonn. Some of the affiliated companies followed suit on May 12, 2017. The Management of the affiliated companies SolarWorld Industries Sachsen GmbH, SolarWorld Industries Thüringen GmbH, SolarWorld Industries Deutschland GmbH and SolarWorld Innovations GmbH also filed…
Treasurer Ben Wyatt is set to ask parliament to borrow $11 billion to help deal with WA’s crippling debt and to ensure the state doesn’t run out of money by the end of the financial year. Just after Labor smashed the Liberal party at the polls in March, Premier Mark McGowan said the party’s first…
On 7 June Intl Bank of Azerbaijan can be declared bankrupt Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) can be declared bankrupt on 7 June on American time. Precisely on this day the U.S. court will consider IBAs statement of claim on recognition of its bankruptcy and protection from creditors. The Bank estimated the…
Written by Hina Rohtaki | Chandigarh | Published:May 15, 2017 8:44 am The Chandigarh Smart City Limited (CSCL) will hire a team of nine experts for executing the smart city project.The experts, all between 45 and 55 years of age, would be appointed for a period of three years and would be paid up to…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. Archi Render owners Alma and Merso Halilagic have had a caveat taken out on their home…
Monday, 15 May 2017, 12:07 pmPress Release: New Zealand Government Hon Jacqui Dean Minister of Commerce and Consumer Affairs 15 May 2017 Consultation begins on corporate insolvency law Commerce and Consumer Affairs Minister Jacqui Dean today released the second and final part of the insolvency law review by the Insolvency Working Group. The Insolvency Working…
IDBI Bank is said to be planning to approach National Company Law Tribunal (NCLT) to recover bad loans worth Rs 100 crore from a company. Under Insolvency and Bankruptcy Code, a bank can file a case in NCLT to recover debt. An official in the know said, The IDBI Bank is planning to…
AFTER working as an education official in the seaside province of Trang, Wichai (whose surname was withheld) had an ambition to set up his own business. But his venture collapsed and left him with debt of Bt12 million. Wichai is on the verge of bankruptcy but has his fingers crossed that the Office of the…
Scandal-plagued Acquire Learning goes into administration exit The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as chair of its advisory council, went into voluntary administration on Friday on the verge of insolvency. Back in 2014 the…