There is a light at the end of the tunnel for tens of thousands of dudded subcontractors after Attorney-General John Quigley pledged to introduce legislation to protect their pay before the end of the year. Mr Quigley, who took over the Commerce and Industrial Relations portfolio from Bill Johnston in December, yesterday declared he was…
NEW YORK, Feb. 21, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
Published Feb. 21. Updated Feb. 21 at 10:03 am A logo at the newly Interpol completed Global Complex for Innovation is seen during the inauguration opening ceremony in Singapore on April 13, 2015. Photo by AFP Popular on social media INTERPOL under a request of judicial agencies of Israel has issued a red notice against…
An important appeal court ruling on insolvency matters was made last month in a joint decision on two cases: Bresco Electrical Services Ltd (in liquidation) vs Michael J Lonsdale (Electrical) Ltd and Cannon Corporate Ltd and Primus Build Ltd [2019] EWCA Civ 27. In the Bresco appeal, Bresco was in insolvent liquidation where the Insolvency…
Nagpur: Facing liquidation, Mumbais Unity Infraprojects Private Limited has sought an early exit from the cement road project phase I in which it was to construct 30 roads. The company has written to the Nagpur Municipal Corporation (NMC) that it will complete the ongoing works on eight roads and skip nine other stretches. It has…
NEW YORK, Feb. 20, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the class…
One of Turkeys leading coach companies Ulusoy Ulam A. was ruled legally bankrupt Wednesday, independent news site Diken reported. The ruling by a Turkish court arrives following a three-month bankruptcy protection period filed by the company in November of 2018. A family dispute led to the breakup of Ulusoy group in 2008. Ulusoy Seyahat was…
Registered to a residential address in East London, GoNutri Limited was wound up in the High Court on 12 February 2019 for trading with a lack of commercial probity, objectionable trading practices and improper sales techniques. Following confidential enquiries, investigators from the Insolvency Service found that GoNutri targeted elderly and vulnerable people, bombarding them with…
NAGPUR: The National Company Law Tribunal (NCLT) has admitted an insolvency petition against a Chandrapur-based company over a liability of Rs2.81 lakh. It is among the smallest amounts, so far, for which a case has been fought under the Insolvency and Bankruptcy Code (IBC) 2016, said insolvency practitioners. Even as IBC 2016 has set the…
Construction industry reform is overdue and change is needed urgently. Theres no doubt the property sector is experiencing a downturn, with projects put on hold and more builders going into liquidation. Those who can afford it least suffer most. As the downturn continues, it is the subcontractors who are feeling the most pressure. Subbies comprise…