Treasury ‘cash grab’ could increase North East business insolvencies, warns R3 regional chair – Bdaily

Member Article A new law that comes into force on 1 December which will move HM Revenue & Customs higher up the creditor ladder could push more struggling North East businesses into insolvency. Thats the warning from Alexandra Withers, regional chair of insolvency and restructuring trade body R3, in advance of the new Crown Preference…

News of the collapse of the Grocon empire is greatly exaggerated – The Conversation AU

Grocon, the Australian construction empire that grew from the family concreting business started by Luigi Grollo in Melbourne in 1948, is on its last legs. But Grocon, the privately held property development empire headed by Luigis grandson Daniel Grollo, will continue to operate. Media outlets have breathlessly reported Grollos announcement that Grocons construction business is…

Feronia Inc. Announces Closing of Restructuring Transaction TSX Venture Exchange:FRN – GlobeNewswire

November 23, 2020 08:00 ET | Source: Feronia Inc. VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Feronia Inc. (Feronia or the Company) (TSX-V: FRN) announces that it has closed its previously announced third party sale and restructuring transaction. As previously reported, the Company initiated debtor in possession insolvency proceedings under the Bankruptcy and…