Published: 27 Jul 2017, 12:05 Leclanché battery storage system at a large remote microgrid project. image: Younicos. Swiss battery maker Leclanché could apply for listing on a US stock exchange and is targeting the acquisition of an energy management storage software company, despite emerging from a recent period of technical insolvency. Leclanché held its annual…
Experienced public relations executive Fiona McRobert is returning to Perth to lead the local office of PPR, as the one-time market leader seeks to rebuild its WA practice after a long period of downsizing. Ms McRobert will take up the role of Western Australian market lead and will return to Perth after serving in a…
In a recent decision, the Supreme Court used its powers under Article 142 of the Constitution to record consent between Lokhandwala Kataria and Nisus Finance and Investment Manager. This was a case under the Insolvency and Bankruptcy Code (IBC) filed by the former after losing the case in the National Company Law Tribunal (NCLT)…
MUMBAI: The Supreme Court has used special powers to allow a company to withdraw from insolvency proceedings after both parties, the borrower and the creditor, arrived at a mutual settlement on the loan. The judgment assumes significance since the provisions of the new recovery law, the Insolvency and Bankruptcy Code, does not allow either of…
Thirteen clubs in China’s top flight, as well as four from the second division and one from the third tier, were named in a letter sent by the CFA claiming all 18 had debts outstanding that could see them denied entry into next year’s competitions. The move was sparked by a letter from the Asian…
A Melbourne man accused of slitting his drug dealer’s throat in the back of a car confessed the crime to a friend and then threatened to kill his mate’s family if he dobbed, a court has been told. A witness choked back tears in a Melbourne court room on Thursday as he described how alleged…
A SQUEEZE on incomes as a result of Westminster austerity is behind a 17 per cent increase in personal insolvencies, according to Scotlands Business Minister. Paul Wheelhouse made the comments after the latest data showed debts forced 2839 people to either become bankrupt or take out a protected trust deed over the period April to…
A Melbourne man accused of slitting his drug dealer’s throat in the back of a car confessed the crime to a friend and then threatened to kill his mate’s family if he dobbed, a court has been told. A witness choked back tears in a Melbourne court room on Thursday as he described how alleged…
OSLO, July 26 (Reuters) – Offshore drilling contractor Seadrill delayed the restructuring of its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy proceedings were likely. Once the world’s biggest offshore rig firm by market value, its shares have plunged 99 percent since a peak hit in September 2013. The…
Japan Display Inc’s logo is pictured at its headquarters in Tokyo Thomson Reuters (Reuters) – Liquid crystal display panels manufacturer Japan Display Inc is seeking about 100 billion yen ($893 million) from its main creditors to fund an ongoing restructuring, the Nikkei reported on Thursday. The Tokyo-based company, also known as JDI, has tapped lenders…