The number financial restructuring and insolvencies is on the rise in the Asia Pacific region and despite low interest rates helping to cushion borrowers, depressed commodity prices have taken the number of global corporate defaults to their highest levels since 2008. For lawyers, an increase in work with respect to distressed situations is only likely…
Clive Palmer’s absent nephew has weighed into the Queensland Nickel collapse controversy from the other side of the world, announcing plans to launch court action against the company’s liquidators. Previous slide Next slide Clive Palmer: ‘you’ll be sorry’ Clive Palmer threatens a photographer outside court in Brisbane, saying “you hit my wife again mate and…
With the government of South Korea unwilling to rescue the country’s largest shipping line, liquidation seems the most likely outcome for Hanjin Shipping. Shipping restructuring specialists speaking at the Capital Link New York Maritime Forum on Sept. 13 predicted that Hanjin Shipping will ultimately be liquidated, not rehabilitated. Hanjin will likely be liquidated rather than…
Nicholas Jermyn placed into liquidation Save Wednesday, 14 September 2016 Retailer of business shirts Nicholas Jermyn has been placed into liquidation, with administrators saying workplaces becoming less formal and increased competition from online retailers led to its demise. The 10-year-old New Zealand retailer was in the hands of voluntary administrators since May when it shut…
Matthew (pictured right) has extensive experience advising clients on buying and selling businesses, in particular owner managed and family businesses. Matthew also advises on shareholder and investor arrangements and leads Ashtons regional sector group, which focuses on providing services to start-ups and high growth businesses and entrepreneurs. In addition to these areas, Matthew also has…
… Read the full article at: https://www.lloydslistaustralia.com.au/lla/market-sectors/containers-and-container-shipping/HANJIN-CRISIS-how-to-protect-yourself-before-there-is-a-major-insolvency—issues-around-ongoing-liability-under-service-contracts-536744.html
New Zealand retailer Nicholas Jermyn, which specialised in business attire and accessories, was family run for 10 years. Photo / iStock Retailer of business shirts Nicholas Jermyn has been placed into liquidation, with administrators saying workplaces becoming less formal and increased competition from online retailers led to its demise. The 10-year-old New Zealand retailer was…
KEVIN STENT/FAIRFAX NZ Nicholas Jermyn on Willis Street,Wellington, was closed when the chain was placed into receivership in May. It is now in liquidation. Nicholas Jermyn, a high street retailer of business clothing, has been placed into liquidation. Founder Nick Harris announced the move in an email to customers. “We are a small family-run business…
Sept. 13, 2016 5:30 a.m. ET The industry warnings are urgent and often dire: The housing market could stall. Marriages are being postponed. Workers wont have the savings to retire. The nations food supply will be disrupted. They point to one threat: soaring student debt. A tripling of student debt over the past decade to…