Factory seconds appliance retailer 2nds World has collapsed after 35 years in business. The chain was placed into the voluntary administration of chartered accounting firm De Vries Tayeh on April 15. 2nds World has a long-running history, currently selling discounted appliances to retail customers and commercial clients. 2nds World is also a member of Australias…
The presence of ineligible candidates on ballot papers could expose election results to challenge even if the winners are qualified to sit in parliament, an academic has warned. The University of New South Wales constitutional academic George Williams issued the warning after at least two bankrupts Rodney Culleton and Fraser Anning candidate Julie Hoskin successfully…
Natus Medical (NASDAQ:BABY) continued its restructuring, which resulted in an ugly first quarter. Fortunately, with expectations low, investors were able to shrug it off in hopes that the medical device maker will be able to come out the other side a better company. Natus Medical results: The raw numbers Metric Q1 2019 Q1 2018 Year-Over-Year…
The number of people going bankrupt across England and Wales is predicted to have jumped to its highest quarterly level since 2014 in official figures released on Tuesday. The Insolvency Service is due to release personal insolvency figures for the first quarter of 2019. These are made up of three types of personal insolvency bankruptcies,…
KOLKATA: Banks would realise just about a quarter of their claims from 12 corporate debt resolution cases in the January-March period, dashing hopes for higher bad loan recovery in the last quarter of the fiscal. The lenders will receive merely 17% of the Rs 29500 crore dues from Alok Industries, raising doubts over the future…
April 29th, 2019 Sam Chambers Asia, Tankers 0 comments Creditors have until May 7 to submit claims as Daniel Chopras Elektrans Shipping has finally been declared insolvent. Insolvency proceedings against the Indian owner started earlier this month with the process estimated to be concluded by October 20. The tanker players downfall has been a long…
In the volatile landscape of southern Africa, Zambia is often overlooked. It played a huge role in the liberation struggles of its neighbours. The ANC, banned in South Africa by the apartheid government, established its exile headquarters in Lusaka. The SWAPO movement, fighting for a free Namibia, was also headquartered there. Joshua Nkomos wing of…
Saudi Arabia is seeking to open up its government bond market to retail investors as part of sweeping reforms intended to develop a savings culture. Officials said last week that the countrys government sukuk, or Islamic bonds, would be sold in chunks of SR1,000 ($267), rather than the typical SR1m, in a move that finance…
The number of people going bankrupt across England and Wales is predicted to have jumped to its highest quarterly level since 2014 in official figures released on Tuesday. The Insolvency Service is due to release personal insolvency figures for the first quarter of 2019. These are made up of three types of personal insolvency bankruptcies,…
Another Australian success story is facing a sharp plot-twist, with Ellery filing for liquidation and citing poor strategic decisions in its wake. Last week Ellery closed its Sydney-based production facility Elleryland after over a decade of manufacturing and exporting from Australia. In mid-April it closed its Sydney stores and made 22 staff redundant. I…