Goldilocks urges Noble stakeholders to oppose restructuring approach, seeks more transparency – The Straits Times

Restructuring

SINGAPORE – Noble Group’s major shareholder Goldilocks Investment Company is calling on Noble’s stakeholders to collectively oppose the commodity trader’s approach to its restructuring plans. Goldilocks issued that statement on Friday (Feb 9), following Noble’s Feb 5 rejection of its request to be released from non-disclosure arrangements surrounding discussions on Goldilocks’ demands for two board…

US starts reviewing Bulgarian tycoon Vassilev’s plea for help – bne IntelliNews

Bankruptcy

The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…

Indiabulls Real up 5% as board to consider restructuring of residential, commercial biz – Moneycontrol.com

Restructuring

Indiabulls Real Estate share price gained more than 5 percent on Friday ahead of board meeting to consider demerger of residential and commercial businesses. The company on Thursday informed exchanges that a meeting of the board of directors, is scheduled on Wednesday, February 14, 2018, to consider the various options and recommendations of the committee…

Toys ‘R’ Us starts liquidation sales as company prepares to close 24 California stores – Sacramento Bee

Liquidation

Financially slumping Toys R Us began sales at select locations this week as the company prepares to close about 150 stores 24 of them in California according to a press release by one of the firms operating the liquidation sales. Though the press release does not specify which locations are participating, liquidation will lead to…

Limelight Magazine looks for buyer as parent company teeters toward liquidation – MuMbrella

Liquidation

Arts Illuminated, the publisher of classical music magazine Limelight, is searching for a buyer for its masthead as the company teeters towards liquidation. I couldnt weather the monthly highs and lows anymore, publisher Andrew Batt-Rawden told Mumbrella yesterday. I started the company in debt, and as a starving artist I had no assets to borrow against.…

US starts reviewing Bulgarian tycoon Vassilev’s plea for help – bne IntelliNews

Bankruptcy

The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…