Legal News & Analysis – Asia Pacific – Singapore – Insolvency & Restructuring 30 November, 2016 The insolvency scene in Singapore look set to change with the likely enactment of the Companies (Amendment) Bill 2017 (the Bill). Would the Bill have made any difference to the management of Hanjin Shipping Co Ltd’s (“Hanjin”) insolvency in…
In the 1930s Wally McAleese started a company with trucks parked outside his River St home that eventually became an ASX-listed logistics company worth $635.2 million – so how did it end up in voluntary administration less than three years later? When former Mackay based transport firm McAleese Limited listed on the Australian Securities Exchange…
In the 1930s Wally McAleese started a company with trucks parked outside his River St home that eventually became an ASX-listed logistics company worth $635.2 million – so how did it end up in voluntary administration less than three years later? When former Mackay based transport firm McAleese Limited listed on the Australian Securities Exchange…
NEW YORK–(BUSINESS WIRE)–BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock Defined Opportunity Credit Trust (NYSE:BHL) (the Trust) approved the adoption of a Plan of Liquidation and the termination of the Trust on or before August 31, 2017, consistent with the Trusts investment objectives. The Trusts investment objectives and policies are not…
The liquidation of the firms assets means the company will now be dissolved and the money will be used to pay back BHSs creditors. As previously reported by Drapers, unsecured creditors to SHB Realisations, formerly BHS Limited, could receive between 2p and 8p in the pound. Non-preferential creditors are owed £48.5m and BHS administrator Duff…
BHS has been placed into liquidation following pressure from the Pension Protection Fund, which had argued that shutting down the retailer offered the best option for funding the retirement of former employees. The PPF, a government-backed lifeboat for troubled pension schemes, is the companys biggest creditor and had rowed with BHSs joint administrator, Duff &…
The move brings the retailer one step closer to providing a final payment to creditors Stricken retail chain BHS has been placed into liquidation, bringing it closer to offering a final payment to its creditors. It marks the latest chapter in the firm’s sorry saga, which has been dominated by a dispute between former BHS…
The move brings the retailer one step closer to providing a final payment to creditors Stricken retail chain BHS has entered liquidation after collapsing into administration in April this year. The move brings the retailer one step closer to providing a final payment to creditors, by allowing it to hand back the leases it holds…
British retail chain BHS has officially entered liquidation, after falling into administration earlier in the year. The news marks the official end of the iconic company’s 88-year history in the UK. While a company, or parts of a company, can still be bought and saved from administration, the liquidation of assets means the firm will…
A commodity trading company, Finatrade, is said to have begun series of job cuts in anticipation of an eventual liquidation as the company is soaked in more than GH¢1 billion debt that is threatening the survival of some banks in the country. The company, which is arguably the biggest commodity trading company in the…