The Australian arm of customisable toy retailer Build-a-Bear Workshop has been placed into voluntary administration, hours after its listed parent company in the US reported a 7.5% drop in revenue and sluggish growth in international markets, partially blamed on the collapse of Toys R Us and issues posed by Brexit. Matt Sweeny and Gideon Rathner…
The merged business will be co-led by KPMGs National Head of Restructuring Services, Matthew Woods, and Ferrier Hodgson Practice Leader, James Stewart, with 27 partners and more than 200 specialists across Australia. Under the terms of the deal, KPMG Australia will acquire Ferrier Hodgsons business located in Sydney, Melbourne, Brisbane and Perth, with discussions with…
In a city that is specialized towards casino entertainment, a close eye has to be kept on problem gambling amongst the citizenry. Pleasantly for Macau, 2018 registered as their best year for that category yet, with the lowest total of problem gamblers registered ever. GGRAsia reports that since Macau opened up registration for those who…
Although interest rates on new-vehicle loans have risen to their highest level in a decade, and monthly payments continue to climb to record heights, the industry alarm bells that sounded during the Great Recession are much softer. The economy remains strong, consumers are still buying vehicles and delinquency rates are manageable. But in a market…
Jane Catherine Bernadette Goodfellow (56), from Yeovil, Somerset, has received a second ban lasting 12 years and at the same time Clare Louise Watts (51), also from Yeovil, was banned for 5 years for allowing Jane Goodfellow to run the caf and acting as a stooge director. The company at the centre of the Insolvency…
Sir/ Madam,Pursuant to an Order dated 08 March 2019 of the National Company Law Tribunal, Principal Bench, New Delhi, Corporate Insolvency Resolution Process (CIRP) has been initiated for Punj-Lloyd Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said Order has been received on 11 March…
Published: 16:03 Tuesday 12 March 2019 Share this article Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing. The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of…
It is a common misconception that closure means failure, but directors increasingly choose to dissolve in good condition, either because the industry has changed or they simply fancy something new. The first thing to understand about company closure is the distinction between solvency and insolvency. If the company is solvent, there is much more flexibility…
Extension of Corporate Insolvency Resolution Process (`CIRP) for further period of 20 days. Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the above cited subject, I would like to inform that the Honorable National Company Law Tribunal, Hyderabad Bench (NCLT) vide its Order dated…
Mar 13, 2019 Newsdesk Latest News, Macau, Top of the deck   A total of 133 people registered with Macaus Central Registry System of Individuals with Gambling Disorder in 2018, down 15.3 percent from the previous year, said the citys Social Welfare Bureau in its latest published report on the subject. The 2018 number…