“The joint venture exploration company has ceased operation and entered the liquidation phase,” Chinalco said in an emailed statement. Bloomberg by David Stringer Rio Tinto Group and its largest shareholder Aluminum Corp of China have terminated their joint venture established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration Co,…
Bus Eireann told staff about a series of large cuts to payments and allowances and a reduction in temporary staff today as it seeks to avoid insolvency. The company said that if the programme of cuts are implemented fully it would be ready to offer staff an average pay rise of 2% a year over…
The National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition filed by UB Engineering Ltd (UBEL), part of the Vijay Mallya-owned UB group. As part of the process, the tribunal’s Mumbai bench, where the petition was filed, has appointed insolvency professional A K Mehta to initiate the process of insolvency resolution. …
A former Scotland goalkeeper has been made bankrupt with debts of more than £210,000. Rab Douglas, who played for Celtic and Dundee and was capped 19 times for his country, was declared insolvent after failing to settle large bills. Most of the money is thought to be owed to the tax authorities and relates to…
Troubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple. Kwong Properties took the business, which was…
Company Appointee/Solicitor Role Company Name Published Date Cor Cordis Dino Travaglini liquidator THEGREATSOUTHLAND PTY LTD 17/01/2017 HLB Mann Judd Kimberley Stuart Wallman liquidator Restell Holdings Pty Ltd 17/01/2017 McGrathNicol Robert Michael Kirman liquidator Texcom Equipment Co Pty Ltd 17/01/2017 McGrathNicol Robert Michael Kirman liquidator Texcom Pty Ltd 17/01/2017 Mackay Goodwin Domenico Alessandro Calabretta liquidator Auzzie…
Troubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple. Kwong Properties took the business, which was…
A Richmond law firm hit by a massive trust fund shortage has filed a notice saying it is insolvent and will make a proposal to creditors under the Bankruptcy and Insolvency Act. Richmond lawyer Hong Guo, whose firm completes about $700 million a year in real estate transactions, said in recent legal filings…
Total personal insolvencies went up by 0.9 per cent year-on-year in the December quarter 2016 with debt agreements and personal insolvency agreements increasing by 9.5 per cent and 4.9 per cent, respectively, according to the Australian Financial Security Authority (AFSA). At the same time, AFSA said that bankruptcies fell by 4.9 per cent year-on-year. The…
Jan 17, 2017 – 15:00 Jaussi, pictured, told the press in September 2016 that he and his company had received threats shortly before he was attacked in August. (Keystone) Vaud-based company Swiss Space System Holding SA, known as S3, has been officially bankrupt since Monday afternoon, a cantonal court announced on Tuesday. The district court…