The Construction, Forestry, Mining and Energy Union says construction company Grocon has not paid several groups of sub-contractors in Queensland for six to eight months, as concerns about the company’s future continue to simmer. Some contractors working on the group’s Queensland projects such as the Parklands Project, which forms the athletes’ village for next April’s…
HK: Ashurst snaps up restructuring partner from White & Case | Asian Legal Business HK: Ashurst snaps up restructuring partner from White & Case Ashurst has hired restructuring specialist Damien Whitehead as a partner in… Read the full article at: http://www.legalbusinessonline.com/appointments/hk-ashurst-snaps-restructuring-partner-white-case/75212
As previously disclosed, on October 4, 2017, the Company filed a definitive proxy statement for a special meeting of its stockholders, which was held on October 26, 2017 (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved an asset purchase agreement for the sale of substantially all of the Company’s assets (the “Asset Sale”)…
Safety of bank deposits has vaulted into the centre-stage of public discourse for the first time since the minirun on savings at ICICI Bank in 2008. Selective reading or more fittingly, misreading of the Financial Resolution and Deposit Insurance (FRDI) Bill has led the general public to interpret the proposed legislation as draconian – one…
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. Sorrento Tech, Inc. (Nasdaq: ROKA) today announced that it has notified the NASDAQ Stock Market (“NASDAQ”) of its intent to delist its common stock (the “Stock”) from the NASDAQ Global Market. The Company filed…
NEW YORK, Dec. 19, 2017 /PRNewswire/ — New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced that it has closed on the previously announced sale of its property located at 1440 Broadway in New York, New York for a total of…
The Insolvency and Bankruptcy Code, 2016, in its brief history has created quite a shake-up in the corporate sector. No doubt that the enactment of the Code has been well intentioned. Due to the growing menace of loan defaults, it had long been felt to have some sort of disciplined insolvency and bankruptcy legislation to…
The Gujarat High Court has issued a show cause notice to the Central government in a challenge to the Insolvency and Bankruptcy Code (IBC), 2016. A Division Bench of Chief Justice R Subhash Reddy and Justice Vipul M Pancholi issued notice returnable on January 22, 2018, in a petition filed by Accord Industries Ltd, Ahmedabad,…
A British psychiatrist has withdrawn his application for a crucial mental health role at Cairns Hospital, Queensland’s health minister has confirmed. News Corp Australia reported that Richard Wayne Seamark was in the running for the $400,000 role of clinical director of mental health, despite his work history revealing he was banned as a company director…
By Giulia Segreti MILAN (Reuters) One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was…