Perth-based Clough’s portfolio includes the Snowy 2.0 pumped hydro project. (Lukas Coch/AAP PHOTOS) Engineering and construction group Clough has entered voluntary administration, casting uncertainty over several major Australian projects. It comes after a proposed sale to Italian giant Webuild collapsed, leaving the Clough board with “no choice” but to call in administrators from Deloitte. Clough’s…
Express News Service NEW DELHI: As bids for Reliance Capital, which is undergoing corporate insolvency resolution process (CIRP), have been much lower than the liquidation value of Rs 13,000 crore, a major difference of opinion has cropped up between the lenders and the Reliance Cap administrator. While the committee of creditors (CoC) wants to proceed…
Mark Lloyd (Optic Security Group) Credit: Supplied Optic Security, a trans-Tasman cyber security firm created in 2018 by rolling up existing businesses, has been sold out of voluntary administration. Optic Security Group Ltd was the 100 per cent shareholder of Optic Security Finance Group which in turn owned four New Zealand and two Australian subsidiaries.…
One of Australia’s oldest building companies suddenly collapses with 1,250 jobs up in the air as a $350million deal falls over Merger of Perth-based Clough Group construction company falls through Italian company WeBuild were originally set to acquire Clough in a $350m deal On Monday WeBuild said following discussions they had pulled out of the…
Bank, insurer, lender, broker or adviser done you wrong? Complain to one of the four official financial services complaints services. First published in 2019. Payday lender Moola has gone into liquidation after its parent company, NZ Fintech Group, was placed into receivership. Thomas Rodewald, from Rodewald Consulting, was appointed as receiver of NZ Fintech Group…
Dec 6 (Reuters) – Australia’s Beach Energy Ltd said on Tuesday that the contractor of the Waitsia gas project, Clough Ltd, was placed under voluntary administration. The Western Australia gas project, operated by Beach’s joint venture partner Mitsui & Co Ltd, is due to start exporting gas through the North West Shelf liquefied natural gas…
On the 25th October, the public sector cloud specialist UKCloud was placed into liquidation. UKCloud, also trading as UKCloud Health and UKCloudX, was a British Cloud provider headquartered in Farnborough, United Kingdom, providing specialist cloud-based services to the UK public sector and private sector organisations. In an article posted by ComputerWeekly.com, a Cabinet Office spokesperson…
Hamilton Lane Alliance Holdings I, Inc. Announces Liquidation Conshohocken, PA – December 5, 2022 – Hamilton Lane Alliance Holdings I, Inc. (“HLAH I” or the “Company”) announced today that due to its inability to consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, as amended (the…
CALGARY, AB, Dec. 5, 2022 /CNW/ – MNP Ltd., the insolvency subsidiary of national professional services firm MNP LLP, is pleased to announce that it has merged with The Bowra Group, effective December 1, 2022. The Bowra Group is a boutique financial advisory practice based in Vancouver with an additional office in Edmonton. Established in…
Differences have emerged between lenders and process advisors of debt-ridden Reliance Capital over the resolution plan as the Committee of Creditors (CoC) meet on Tuesday to take a final decision. With the binding bids coming in at an abysmally low value, the advisors and members of the CoC hold different opinions on what process they…