FMA seeks liquidation of Forestlands companies – Stuff.co.nz

TONY BENNY/STUFF Forestland companies are headed for liquidation. The Financial Markets Authority has applied to the High Court to place 18 Forestlands companies into liquidation because it has no faith in the company’s director to look after the interests of shareholders. For the past year the Serious Fraud Office and FMA have been investigating Motueka-based Forestlands after…

ArcelorMittal, Nu Metal may fail eligibility test for Essar – Financial Chronicle (press release) (blog)

The resolution process for Essar Steel may undergo another round of bidding with sources indicating that both ArcelorMittal and Nu Metal could fail the eligibility test again after reconsideration of their applications by the committee of creditors (CoC) under the directions of Ahmedabad bench of National Company Law Tribunal (NCLT). Worlds largest steel maker ArcelorMittal…

How Sydney woman Dominique Grubisa went from riches to rags to riches again in just three years – NEWS.com.au

BEFORE the GFC hit, Sydney parents Dominique and Kevin Grubisa were living it up with a thriving, seven-figure business renovating and selling property. But in 2008, everything fell apart. The couple had around 15 properties at the time, and were drowning in tens of millions of dollars in debt. Bosss shocking 12.30am email Awkward problem…

Eurocom, Parent Company of Israeli Telecom Giant Bezeq, Set to Be Liquidated – Haaretz

After months of fruitless efforts to reach a bailout, Tel Aviv District Court Judge Eitan Orenstein ordered Shaul Elovitchs Eurocom Communications be put into liquidation and its sister company, Eurocom Real Estate, into receivership. … Read the full article at: https://www.haaretz.com/israel-news/business/.premium-court-orders-eurocom-parent-company-of-bezeq-into-liquidation-1.6015539

Personal INSOLVENCY group warns against the rising of DEBTS among public sector workers – Express.co.uk

The personal insolvency group said that while indebtedness among public sector workers had risen due to the squeeze on living standards from stagnant pay and inflation, police officers, firefighters and paramedics had seen the sharpest increases in their debts. Creditfix said that the average emergency services worker with debts saw them rise from £11,043 at…

Drug ring linked to Ireland’s Kinahan cartel uncovered in Australia – The Sydney Morning Herald

Previous arrests in Perth, Darwin, Sydney and Christchurch have also been linked to the operation. Last week six people were arrested during planned searches across the greater Dublin area, in which 250,000 (about $400,000) was seized after it was discovered in a mattress. Irish authorities have confirmed a number of those arrested to date have…