Port of Tyne is axing a number of back office roles within its business as part of a restructuring exercise. The company confirmed that it is planning to make cuts to its support team, after making the decision to close its external haulage business in January. The firm has declined to say how many jobs…
NEW YORK, March 03, 2019 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Yangtze River Port and Logistics Limited, YRC Worldwide Inc, Natural Health Trends Corp., and Maiden Holdings, Ltd. Stockholders have until the deadlines listed below to petition the court…
Mumbai: A new amendment to corporate insolvency regulation prescribing stringent punishment for successful resolution applicants who fail to make promised payments is likely to protect the new bankruptcy law from frivolous bidders, lawyers said. The amendment comes after recent cases of backtracking by winning bidders in taking over debtladen companies. The latest of such example…
Image: Coolgardie Minerals Latest News Coolgardie Minerals has entered voluntary administration just months after gold production launched at its Geko project in Western Australia. The miner will put its Geko project up for sale while exploring other debt restructuring and capital raising alternatives. Mining issues at Geko had led to delays and significant additional costs,…
New Delhi, Mar 3 () State-run power giant NTPC has decided to acquire only those stressed power projects undergoing insolvency proceedings in the National Company Law Tribunal (NCLT), with an aim to get fairer deals. All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even…
Financial stress is one of the top causes of break-ups, according to Relationships Australia, and while bills, budgets and debt are hardly the stuff of romance, couples who talk money have a better sex life. Okay, this may not be entirely true. In fact, I couldnt find any research to support it, but I did…
The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 201718 financial year, while the retail trade sector saw a 19 per cent increase, according to Worrells Solvency and Forensic Accountants latest insolvency report. Our experience in the last 12 months is indicative of what the Australian…
Share this: Real estate analysts agree that tightening credit is a key driver of the house price decline across the country. With banks now scrutinising loan applicants finances even more closely, preparation is the name of the game. Gone are the days when you could casually walkinto a bank and come out with a home…
Nikolay Kravchenko was accused of extortion under the threat of violence and organization of murder. Crime lord Nikolay Kravchenko aka Kolya Bes, who was well-known in the criminal underworld and was buried in Veliky Novgorod, has been declared bankrupt. Heirs of the late crime lord so requested the court, Novgorod.Ru reports. Before…
This is to inform you that the 13th meeting of the Committee of Creditors (CoC) of Sterling Biotech Limited (under Corporate Insolvency Resolution Process) (the Company) was held on Wednesday, 27th February 2019 at 10:00 A.M. at IMC Bldg., IMC Marg, Churchgate, Mumbai – 400 020, Maharashtra, India. The e-voting on the resolution put to…