The Davyhurst plant Latest News Eastern Goldfields has announced that it maygo into voluntary administration followingthe collapse ofa $75 million recapitalisation. The goldminer has proposed to adjourn its November 30 annual general meeting (AGM) until the end of January next year to allow its shareholders to consider the companys financial statements. The AGM was initially…
Italian manufacturer Piaggio Aerospace declared insolvency on 22 November, asking for extraordinary administration that would allow them to restructure. Piaggio manufactures and markets the P-180 Avanti Evo twin turbo-prop, which is aimed at the corporate and business aviation sectors. It is believed they are not selling well. In December last year, Piaggio released a five-year…
Liberal MP Raj Grewal told a party official last week that he had a gambling problem and had accumulated debt of more than $1-million, a source said. Mr. Grewal held discussions last Wednesday with Liberal MP Mark Holland in which Mr. Grewal admitted he faced serious financial problems. Mr. Holland, who is the Chief Government…
Professional and collegiate sports have historically feared one practice most heavily over anything else: gambling. The threat has been that if an athlete, official or coach became ensconced in major gambling debt, they might accept a bribe from a gambler to alter their performance. Fan confidence in Professional and collegiate sports have historically feared onedanger…
The company that runs an awards event promoted as the working womens Oscars is being liquidated with debts of more than 100,000. But the couple who already run the Venus Awards are planning to buy it back out of liquidation and keep going. This years Dorset Venus Awards went ahead at Bournemouths Hilton Hotel on…
Gionee is on the verge of bankruptcy after owing money to financial institutions, suppliers, and advertising and marketing agencies. The total debt is around CNY17 billion (about $2.45 billion), not without the handy help of its chairman Liu Lirong, who lost CNY1 billion while gambling in a casino. In a meeting between company representatives and…
Bluethorne Trading Limited was wound up in the public interest at the High Court on 20 November 2018, with the Official Receiver appointed as liquidator. The company claimed to be an interior design business, operating from an office in Medway, Kent. But the Insolvency Service was made aware of complaints about Bluethorne Trading and following…
Published Nov. 27. Updated Nov. 27 at 9:18 pm Security guards patrol in front of the Kyiv office of Russian state-owned VTB bank on Feb. 20. Photo by Volodymyr Petrov Popular on social media Ukraines central bank declared the Ukrainian subsidiary of Russian state lender VTB insolvent due to its declining liquidity and worsening financial…
Portfolios put into run-off with Darag. New Nordic Advisors has put its wholly-owned Danish subsidiary Qudos Insurance into liquidation with immediateeffect. The unrated Copenhagen-headquartered insurer was closed to new business on 18 October. The investment management company said it had made the latest move after a review of the insurance companys position. It explained that…