The uptake of cloud-based solutions among local businesses and increased market competition are two factors that have played a part in seeing Queenslands Data Centre Technologies enter voluntary liquidation. Joint liquidators, David Hambleton and James Imray of Rodgers Reidy, were appointed on 14 October; more than two decades after the Data Centre Technologies began operating,…
The Canadian Press Published Wednesday, October 18, 2017 4:03AM EDT Last Updated Wednesday, October 18, 2017 12:30PM EDT TORONTO — An Ontario judge has approved Sears Canada’s request for a revised retention bonus plan for key head office staff and store managers who stay through its liquidation process. The number of people covered by the…
Retirees from St. Joseph’s, Fatima hospitals blame Catholic Diocese after fund is declared insolvent John Hill Journal Staff Writer jghilliii PROVIDENCE, R.I. About 100 St. Joseph’s and Our Lady of Fatima Hospital retirees marched in front of Superior Court and the Cathedral of Saints Peter and Paul Wednesday morning, protesting a legal effort to…
Reckitt Benckiser is separating its health and hygiene home divisions after the consumer goods giant cut forecasts for a second time and warned it would not grow sales this year for the first time since 1999. The company, which has reliably churned out sales growth for the past 17 years, said it was already taking steps…
Australian poker pro Matthew Kirk can still pursue Leon Tsoukernik for damages linked to an alleged debt, despite a judge ruling their transaction was unenforceable. Aussie poker pro Matthew Kirk can still chase Kings Casino owner Leon Tsoukernik (pictured) for millions in damages linked to an alleged debt. (Image: YouTube/888Poker) Following the initiation of a…
KOLKATA: The National Company Law Tribunal has ordered liquidation in Nicco Corporation, a specialised cable maker and a defaulter of nearly Rs 300 crore of bank loans, and one of the first movers to bankruptcy court. The NCLTs Kolkata bench passed the order Tuesday as lenders led by State Bank of India rejected the debt…
(RTTNews) – Radian Group Inc. (RDN) provided an update on strategic actions. It has eliminated the position of president of the Services business. As a result, Jeff Tennyson will step down from the role effective immediately. On October 16, 2017, Radian entered into a three-year, $225 million unsecured revolving credit facility with a panel of…
WA rugby could be driven to extinction by the Australian Rugby Union as it chases costs for the legal actions launched to save the Western Force being axed from Super Rugby. The costs, understood to be around $1 million, could force RugbyWA into voluntary administration but ARU chief executive Bill Pulver has made it quite…
Pursuing the mission of cracking down on shell companies and curbing money laundering, on September 20, 2017, the Government of India – Ministry of Corporate Affairs policy division – has notified the ‘Companies (Restriction on number of layers) Rules, 2017’ which restricts the number of subsidiaries for holding companies. The move will bring in major…