Talvivaara Mining Company Plc: The District Court of Espoo confirmed Talvivaara’s Corporate Restructuring Programme – Nasdaq

Restructuring

Stock Exchange ReleaseTalvivaara Mining Company Plc2 June 2017 The District Court of Espoo confirmed Talvivaara’s Corporate Restructuring Programme – the development of Talvivaara’s new businesses and acquiring finance continues Talvivaara Mining Company Plc (“Talvivaara” or the “Company”) announces that the District Court of Espoo has today 2 June 2017 given its ruling and…

Han’s Cafe operator fined nearly $40000 for underpaying workers, company enters liquidation – Community Newspaper Group

Liquidation

THE operator of a Perth restaurant chain has been fined nearly $40,000 for underpaying the foreign workers she employed. The operator and franchise owner of several well-known Hans Cafe restaurants, Tram Hoang Han, and several companies she was a sole director of, have been fined a total of $37,500 in the Federal Court of Australia. Hans…

Bankrupt Aquion’s Salt Water Battery Assets Sold to Austria’s BlueSky Energy – Greentech Media

Bankruptcy

The assets of recently bankrupt battery hopeful Aquion were sold to Austrian energy storage firm, BlueSky Energy, according to Germany’s SolarServer. With the help of Google Translate and with the disclaimer that mein Deutsche ist sehr shlecht, here are some of the details: A bid from Austria’s BlueSky Energy for Aquion’s assets was accepted by…

Shipping Company Files for Insolvency – Port Technology International

Bankruptcy

Rickmers has filed for insolvency after it announced a restructuring plan had failed to win approval of bondholder HSH Nordbank. The German shipping company, a 114-vessel charterer and owner of container, dry bulk and Ro-Ro ships, announced in a company email that the insolvency application had been filed and that the court had received it. It added that it could not…

Nenggiri state seat falls vacant after incumbent declared bankrupt – Free Malaysia Today

Bankruptcy

Kelantan state assembly speaker says Article 31 (1) of the state constitution bars a person who has not resolved his bankruptcy status from being an assemblyman. PETALING JAYA: The Nenggiri state seat, which falls under the Gua Musang parliamentary constituency in Kelantan, has been declared vacant after its incumbent Mat Yusoff Abdul Ghani was declared…

CNBC-TV18 Excl: Here’s how N Chandra is planning to restructure Tata Group – Moneycontrol.com

Restructuring

Jun 01, 2017 11:13 AM IST | Source: CNBC-TV18 As Chandra, completes 100 days in office, CNBC-TV18 learns that he is in process of finalising a structure for the group where all companies will be divided into clusters based on sectors. N Chandrasekaran, the newly-appointed chairman of Tata Group, is planning a massive restructuring exercise…

ELP Note: NCLT rejects withdrawal of case even after parties propose settlement – Bar & Bench

Liquidation

The National Company Law Tribunal (NCLT), Kolkata Bench, has in its recent ruling in the case of Parker Hannifin India Private Limited v/s Prowess International Private Limited, ruled on the aspect of withdrawal of insolvency petition based on a settlement arrived at between the disputant parties after it has been admitted under the provisions of…