Signs of hope have emerged for embattled wave energy developer Carnegie Clean Energy, after creditors on Wednesday voted unanimously to accept a restructuring plan to save the company and re-list it on the Australian Securities Exchange. Carnegie went into voluntary administration last month, and appointed KordaMentha Restructuring to oversee the business and its fully owned…
If you have found yourself in the untenable position of juggling more debt than you can handle right now, with multiple payment dates, multiple payment amounts, and multiple creditors that you have to make sure get paid on time, the odds are pretty good you started to look into debt consolidation loans. Folks that are…
Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
There are lessons for all employers in the case of David Bate, who was awarded $NZ189,950 ($A177,660) in an unjustified dismissal case against IBM New Zealand, a top employment lawyer says particularly local subsidiaries of multinationals left grappling to speedily implement a restructure ordered by an offshore parent. In a determination filed on April 5,…
The Ministry of Corporate Affairs (MCA) has invited stakeholder comments on the proposed insolvency law reforms such as group insolvency, pre-packaged insolvency resolution and other issues related to the Insolvency and Bankruptcy Code, 2016 (IBC). The suggestions and comments have to be sent online by May 7. The move comes on the heels of the…
LONDON, April 17 (LPC) – Private debt funds are building teams to boost their ability to syndicate loans as a flood of cash into the sector helps them to target bigger deals, drawing criticism from competing banks and peers, as well as regulators who see the shadow banking sector as a possible systemic risk. Direct…
April 17 (Renewables Now) – Carnegie Clean Energy (ASX:CCE) announced today that its creditors have accepted a restructuring plan to save the wave energy company and relist it on the bourse. The plan includes a capital hike of up to AUD 5 million (USD 3.6m/EUR 3.2m) and aims at restructuring the companys balance sheet and…
James Stunt is being pursued over a 1 million debt he accrued while gambling. Stunt claims he will find the cash to pay his debt by selling Monet and Picasso portraits he once lent toPrince Charles. Stunt, who is known as a playboy and is the former husband of Formula 1 heir Petra Ecclestoneallegedly ran…
BURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…