Romanias Policyholder Guarantee Fund, which will compensate those who held outstanding insurance policies at the Romanian insurance company Astra Asigurari that went into bankruptcy last fall, aims to get RON 680 million (EUR 150 million) from the companys liquidation. The fund will thus become the insurers largest creditor. Astra has already started liquidation…
London-based coloured diamond investment company Heritage FA has been ordered into provisional liquidation following a petition presented by the Secretary of State for Business, Innovation & Skills to wind up the company on grounds of public interest. The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service,…
Hospitality and gaming venue The Bendigo Club entered voluntary administration on Wednesday. A DEBT of $800,000 to the state government for gaming machine entitlements has forced The Bendigo Club to enter voluntary administration. The Strathdale-based hospitality and gaming venue spent $2 million on entitlements for about 40 machines during the state government auction in 2010, but has…
The way we employ and are employed is drastically different from the way of previous generations and employment law has been forced to adapt. Lara Bullock reports. Gone are the days of getting a free tertiary education, landing a good job, and moving up the corporate ladder at the same company until retirement. Like many…
About two weeks after reports of it shutting down surfaced, HealthSpot, which offered telemedicine kiosks for workplace and retail locations, has filed for Chapter 7 bankruptcy liquidation, according to a report in Columbia Business First. There were some positive events in the operation of the business, but the company simply did not have enough cash flow…
Jan. 18, 2016 12:21 a.m. ET SYDNEY Clive Palmers resources bets helped to underpin an empire that ranged from animated dinosaur parks to a political party that held the balance of power in Australias upper house. Now, the entrepreneurs wealth is being squeezed by the downturn in commodity prices. On Monday, Mr. Palmer lost control…
A Bentley and other European cars belonging to the Robertsons’ are among assets frozen until Decemeber. Photo / Getty A gold and currency trading firm which authorities worried was a fraud has been put into liquidation. PTT, or Prosper Through Trading, has been in the hands of receivers since August after the Financial Markets Authority…
A telecommunications distributor that has been operating for just over 15 years has collapsed into liquidation. PCRange was established in 2000 and is based out of Adelaide. Founder Raaj Menon originally ran the business out of his home, but took out a lease and hired employees after the routers he imported from Taiwan snapped up…
Related Story: PUP donations made before Queensland Nickel financial woes: Palmer Clive Palmer’s Queensland Nickel has gone into voluntary administration, company directors have announced. FTI Consulting has been appointed to manage the company’s operations as voluntary administrators, effective immediately. On Friday, the self-proclaimed billionaire federal MP’s refinery sacked 237 workers, citing…
Video will begin in 5 seconds. More video Recommended Replay video Sacked workers: ‘pretty heartbreaking’ Workers sacked at Clive Palmer’s Townsville nickel refinery on Friday say they “can see the place folding in six months anyway”. Nine News PT1M24S 620 349 Clive Palmer’s struggling Queensland Nickel has gone into voluntary administration amid controversy over donations made…