Phoenix Institute * Facing Federal Court proceedings from the ACCC accused of making false or misleading representations and engaging in unconscionable conduct * A subsidiary of Australian Careers Network, which went into voluntary administration in March * Was allegedly paid more than $100 million by the Commonwealth for enrolments between January and October 2015 Australian…
Alden Williams/Fairfax NZ Atamai Village off Mytton Heights Road. Village Stewards, which holds land owned by the Atamai Land Trust, is in liquidation. The future of a Motueka Valley eco-village is uncertain as its corporate trustee goes into liquidation owing creditors about $10 million. Atamai Village is a not-for-profit permaculture community billed as being “designed to deal with the impacts of…
Winthrop and its predecessors (collectively, the “Winthrop Group”) possess the knowledge and experience to successfully manage NYRT through the liquidation process. The Winthrop Group has overseen as external advisor and manager five publicly traded REITs, more than 50 publicly registered syndicated limited partnerships and more than 300 privately syndicated limited partnerships. The Winthrop Group was…
Posted on : Oct.4,2016 16:32 KST Modified on : Oct.4,2016 16:32 KST An oil development site operated by Canadian company Harvest. (Hankyoreh file photo) The fate of Harvest, a Canadian petroleum and gas mining company, is a matter of Korean National Oil Corp.s survival An analysis suggests a difference…
US-based Karma Media Holdings has taken control of troubled local Australian streaming media company Quickflix. Voluntary administrators Jason Tracy and Richard Hughes of Deloitte announced that Karma has bought Quickflix and its assets in exchange for payment of $1.3 million. Tech and media entrepreneur Erik Pence will lead Quickflix as the managing director. Karma will…
Dissolution and liquidation Bankruptcy Penalties On December 11 2015 the Indonesian Financial Services Authority (OJK) enacted Regulation 28/POJK.05/2015 concerning the Dissolution, Liquidation and Bankruptcy of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies. The regulation was authorised by Articles 42(4), 44(3), 45(3) and 51(4) of Law 40/2014 concerning Insurance, which require…
By NEIL HARTNELL Tribune Business Editor [email protected] Seven Baha Mar companies have now been placed into full liquidation by the Supreme Court, prompting a well-known QC to say he cant understand the legal strategy pursued by original developer, Sarkis Izmirlian. Justice Ian Winder last week appointed Baha Mars joint provisional liquidation team Bahamian accountant Ed…
The bankrupt Nick Denton company also is proposing that two-thirds of Univision’s $135 million be allocated to its Hungarian affiliate. If there’s to ever be a rebirth for Gawker.com, it won’t happen through Univision. On Friday, it was revealed in bankruptcy papers that the sale of various Gawker Media properties to Univision for $135…
The whole idea is to allow businesses facing economic hardships to restructure and survive. It is intended to give the business some time to restructure without having to battle with the suppliers, creditors, landlords etc. Insolvency and liquidation can be a very traumatic time for the senior officials of any company. Not only does insolvency…
The Altfin Life Assurance Company Limited has been liquidated as the Zimbabwean economic crisis continue to bite forcing many companies out of business. The Altfin Life Assurance Company Limited liquidation was announced by the Insurance and Pensions Commission (IPEC) advising stakeholders of the fall of business of the company. “The Insurance and Pensions Commission…