Patrick Lau, 46, has been sentenced to 16 months imprisonment, suspended for two years after pleading guilty to four counts of fraud under the Insolvency Act 1986. Lau had been sole director of Big Wok Ltd, which traded as a Chinese buffet restaurant in Birmingham until it went into liquidation in 2018. His company had…
An electrical contractor will have some 2.7 million of a 2.9 million debt written-off under a personal insolvency arrangement (PIA) approved by the High Court. The arrangement, approved by Mr Justice Alexander Owens on Monday, includes the near halving of the 470,000 mortgage debt of Thomas Fahy from Cortoon, Claregalway, Co Galway. Approval was sought…
A Metairie-based oil company thats one of the largest independent operators still working in the states shallow coastal waters has filed for bankruptcy protection, leaving dozens of south Louisiana service and supply companies facing potential bankruptcies of their own. Cox Operating LLC executives have blamed the pandemic, OPEC price wars, the hurricanes of 2020 and…
By Ronnie Harui LINE Financial and Nomura Holdings have agreed to restructure their joint venture’s financial-services business, the two companies said in a joint press release on Monday. Given changes in the business environment and the profit outlook for LINE Securities’ services, LINE Financial and Nomura agreed to the business restructure after considering the optimal…