Saudi businessman in debt dispute released from detention: sources – Yahoo7 News

By Tom Arnold DUBAI (Reuters) – A Saudi Arabian businessman whose family’s commercial empire is involved in a multi-billion dollar debt dispute has been released from detention in the kingdom’s Eastern Province, according to sources familiar with the matter.Abdulaziz al-Sanea’s release comes as the government steps up efforts to find a company to run a…

PSG Bankruptcy Liquidation Plan Summarized – Bankrupt Company News (press release) (blog)

AdvertisementBankruptcyDatas detailed analysis and summary of Performance Sports Groups First Amended Joint Chapter 11 Plan of Liquidation, dated November 2, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on December 20, 2017; and the Plan became effective on December 21, 2017. Advertisement BankruptcyData notes, The Plan is… Read…

Liquidator pursues Obeid family for $700000 over Circular Quay profits – The Sydney Morning Herald

As Eddie Obeid languishes behind bars for a second Christmas and New Year, the family of the corrupt former Labor MP is being pursued in court for hundreds of thousands of dollars in cash they received from the Circular Quay cafes at the centre of his trial. Fairfax Media can reveal the liquidator appointed to Circular Quay Restaurants, the…

ReNew Power eyes Waaree’s solar assets; Anand Mahindra buys into Bayside Sports – VCCircle

Goldman Sachs-backed ReNew Power Ventures Pvt. Ltd is looking to acquire the solar power assets of Mumbai-based Waaree Energies Ltd, Mint reported, citing people aware of the matter. Waaree Energies has about 100 megawatt of solar power assets across Andhra Pradesh and Madhya Pradesh. Last week, Waaree Energies had raised Rs 100 crore ($15.6 million)…

Major shareholder set to buy struggling Aussie luxury handbag brand Oroton – NEWS.com.au

IT seemed luxury Aussie handbag retailer Oroton was doomed last month after it went into voluntary administration. Today, it has risen from the ashes following a takeover bid from a major shareholder. Caledonia Funds Management chief investment officer Will Vicars, who owns 18 per cent of the 79-year-old companys ASX-listed shares, will buy the brand…