Award-winning Brisbane apartment builder CMF Projects has been placed into voluntary administration. Liquidators David Clout and Patricia Talty were appointed late on Wednesday, but neither they or the company’s directors, Greg Campbell and Cameron Fidler, would comment. A statement on the company’s website informs subcontractors to collect their equipment from the sites of…
BERLIN (AP) German solar panel maker SolarWorld AG has filed for insolvency, citing the effect of falling prices in the industry. The company said late Wednesday its management had concluded that “due to the ongoing price erosion and the development of the business, the company no longer has a positive going concern prognosis.” It added…
BT has attempted to draw a line under its worst performance since the turn of decade with a restructuring of its scandal-hit international arm, the loss of 4,000 jobs and a warning over the size of its dividend next year. But with an alleged accounting fraud still being investigated in Italy and questions over future…
Reuters (Adds central bank governor, Friday talks in Italy) By Renee Maltezou and Angeliki Koutantou ATHENS, May 11 (Reuters) – The conclusion of Greece’s second bailout review will help the country outperform a downwardly revised EU forecast for 2.1 percent growth this year, a government spokesman said on Thursday. After six months of…
CJ O Shopping engaging in the home shopping business in nine countries with 11 overseas subsidiaries is going to perform massive surgery on non-performing overseas subsidiaries. Some of them will be liquidated. CJ O Shopping was considering a restructuring of its Nanfang CJ in Guangzhou, China, CJ Mediasa in Turkey, Shop CJ in India, and…
New York REIT expects liquidation to be complete by end of March 2018 George Comfort & Sons will retain 1.2% interest in One Worldwide Plaza after REIT purchases majority stake By Rich Bockmann | May 11, 2017 01:20PM Wendy Silverstein and One Worldwide Plaza (Credit: Getty Images) Save the date: New York REIT expects the…
NEW DELHI: The Bankruptcy Board is looking to shorten the time for insolvency resolution of smaller companies, which will also include startups, said Insolvency and Bankruptcy Board of India (IBBI) chairperson MS Sahoo. We had put out a discussion paper to allow this for small companies which have a capital of less than Rs 50…
11 May 2017 | By Chloé Western The latest BT has said it will be getting rid of 4,000 jobs across the globe as part of a new major restructuring plan. The telecoms firm is looking to simplify its Global Services operations and it said most of the posts will be going into back-office and…
Dealing with Puerto Ricos crushing debt has started to resemble a circular firing squad. Simply put, the bankrupt island cant pay everything it owes, so creditors are taking aim at each other as they squabble over who will get whats left. But the debts size and the tangled process invented to rescue Puerto Rico mean…
Details Published on Thursday, 11 May 2017 16:23 View Comments IPOH – As many as 5,845 people in Perak were declared bankrupt by the Malaysian Insolvency Department (MDI) from 2012 to last year, said its Perak director Hezlin Haldi. He said according to records, those individuals were between the ages of 35 to 44. “Most…