HALIFAX In an April 3 story about the QuadrigaCX insolvency process, The Canadian Press incorrectly stated that if the company was transitioned to the bankruptcy process, creditors would be allowed to file lawsuits against the company and its affiliates. Though a court-ordered stay of proceedings would be lifted, that move would only be temporary, and…
In a letter sent to the judge that ruled against his company in a lawsuit filed by one of its customers, Frama Seafoods Amado Rodriguez said his company is at risk of insolvency. Pinecrest, Florida-based Frama Seafood was ordered to pay more than USD 1 million (EUR 891,400) in compensation after California Superior Court Judge…
The National Company Law Appellate Tribunal said it would decide on the insolvency of debt-ridden Reliance Communications Ltd. The Anil Ambani-led Reliance Group company has pleaded with the tribunal to go ahead with insolvency proceedings against it as it is unable to pay dues to its lenders. Swiss telecom gear maker Ericsson, which received its…
UK Renewable Investments (AD) plc was wound up on 3 April 2019 by District Judge Khan in the Business and Property Courts in Manchester. The Official Receiver has been appointed as liquidator. In considering the petitions to wind-up the company, the court heard that between July 2015 and September 2016 UKRI sold corporate bonds to…
Jodie Annabel Fairbrother (40), from Immingham, Lincolnshire, was the former owner of a boarding kennels in South Killingholme. The business traded from Janika Boarding Kennels under the name 4Paws and provided animal transport, boarding kennels and a veterinary clinic. In March 2018, 4Paws was subject to visits from the RSPCA and the police over animal…
Footballer David Goodwilllie, who claims he was left penniless after losing a civil action in which he was branded a rapist, has been declared bankrupt over a 41,000 tax debt. The 30-year-old former Scotland striker ran up the tax bill at the height of his career when he was reportedly earning 20,000 a week playing…
news, local-news, More than 1000 police fraud charges against Framlingham Indigenous leader Geoff Clark, his wife Trudi and two of their sons have been adjourned for further hearing in Warrnambool court on May 31. Mr Clark, Trudi and their two sons Aaron and Jeremy appeared in the Warrnambool Magistrates Court on Friday morning for a…
TransAlta Corp. is cutting debt, speeding up its shift from coal-fired power and rewarding hard-hit shareholders with its $750-million deal with Brookfield Renewable Partners LP, chief executive officer Dawn Farrell says. Thats why Ms. Farrell is bewildered by U.S.-based activist investors who are threatening to launch a proxy fight and force the company to renegotiate…
Education Secretary Betsy DeVos was having a bad week when trying to defend the administrations proposed cut of $17.6 million from Special Olympics. We had to make some difficult decisions with this budget, DeVos responded when asked how many children would be affected. I think Special Olympics is an awesome organization that is well-supported by…
The corporate insolvency rules in Scotland change on 6 April, with two new sets of rules replacing the current regime for companies. They do not apply to limited liability partnerships (LLPs). The introduction of The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 and The Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (together…