Construction, professional services, retail sectors most vulnerable to collapse – The Sydney Morning Herald

Liquidation

Dreamin’ retailers are running on borrowed time. There are too many marginal retailers out there, according to Michael Carrafa, the executive director of insolvency firm SV Partners. “Everyone has a dream,” he said of the sector’s enduring appeal despite its thin margins.  Dreamin’ retailers are on borrowed time. Photo: Supplied SV Partners has warned that a large supermarket or grocer, two…

Recruitment companies survive voluntary administration as Rubicor Group secures deal with creditors – SmartCompany.com.au

Liquidation

Three recruitment companies have been returned to their directors, after parent company Rubicor Group secured a deal with creditors to bring the companies out of voluntary administration. Rubicor Group is one of Australias largest recruitment companies and is listed on the Australian Securities Exchange. The group, which was founded in 2005, operates 15 specialist brands…

Liquidating a limited liability company – International Law Office (registration)

Liquidation

Overview Comment The liquidation of a limited liability company (LLC) is undoubtedly a complicated and lengthy process, but nonetheless includes many safeguards to guarantee the rights and obligations of the company with regard to third-party debtors and creditors. Below are the main steps required in the liquidation process for LLCs registered in Baghdad or…

Zsolnay liquidation spared, war seen to end – Budapest Business Journal

Liquidation

 Christian Keszthelyi  Thursday, August 11, 2016, 13:14 A court in Zalaegerszeg has terminated a liquidation procedure brought against Hungarian porcelain maker Zsolnay, a decision which may yet be appealed, although Imre Bodnár, Zsolnays legal counsel, believes it would be difficult to refute, Hungarian news agency MTI reported. [Zsolnays] insolvency cannot be established and a liquidation…

Govt discusses action plan for operationalising bankruptcy law – Firstpost

Liquidation

New Delhi: Officials of Finance and Corporate Affairs ministries today discussed an action planfor implementation of the insolvency and bankruptcy law to make debt recovery process more effective. The Insolvency and Bankruptcy Code, 2016 — notified by the government in May — seeks to consolidate and amend laws relating to reorganisation as well as insolvency…

Financial services provider Members Alliance collapsed into liquidation with debts of close to $30 million – SmartCompany.com.au

Liquidation

A Queensland-based financial services company has collapsed into liquidation with millions of dollars in debts. The Australian Tax Office is reportedly the largest creditor of Gold Coast-based firm Members Alliance and its related entities, with the Gold Coast Bulletin reporting the ATO is owed $29 million. Of that figure, the company, which was evicted from…

Governance at Private Cos Best Tackled by Changing Culture – Wall Street Journal (blog)

Liquidation

Aug 10, 2016 12:33 pm ET Allegations of poor corporate governance practices at U.K. retailer BHS has led some to call for greater oversight of private companies, but governance specialistsand even legislatorssay that instead of more regulation, the focus should be on improving corporate culture. Member… Read the full article at: http://blogs.wsj.com/riskandcompliance/2016/08/10/governance-at-private-cos-best-tackled-by-changing-culture/