Hamilton, Bermuda, August 17, 2017 – Seadrill Limited (“SDRL or the Company”) announces today that it has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company’s likely use of chapter 11…
by Gabriel Wildau One of the most influential analysts of China’s financial system believes that bad debt is $US6.8trn above official figures and warns that the government’s ability to enforce stability has allowed underlying problems to go unchecked. Charlene Chu built her reputation as China banking analyst at credit rating agency Fitch, where she was…
Lanco Infratech Ltd, against which Corporate Insolvency Resolution Process has been initiated, has said that the management of the affairs of the company vests with Savan Godiawala, who has been appointed as the Interim Resolution Professional. Mr.Godiawala was appointed as the IRP with effect from August 7, under the provisions of the Insolvency and Bankruptcy…
David Watts, Mary Scoutas, State Families and Children Minister Jenny Mikakos, Adam Mooney and Corrine Proske at the opening of Good Money Morwell. photo hayley mills Those under financial pressure in the Latrobe Valley and surrounds will now have access to a safe and affordable alternative payday lender with the official opening of Good Money…
Liquidators are working to realise the assets of collapsed building company Queensland One Homes in the hope of recouping millions for creditors of the business, as insolvency experts say the east coast of Australia and the construction sector are areas to watch for company collapses. Queensland-based home builder Queensland One Homes Pty Ltd entered liquidation on…