New Delhi: Economic Affairs Secretary Shaktikanta Das today expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business. “We have a definite roadmap to implement the Bankruptcy law. The Ministry of Corporate Affairs is working on it. The law ministry, the…
Software company Wynyard Group has been put in voluntary administration. KordaMentha partners Neale Jackson and Grant Graham have been appointed administrators of the company, which creates security software for use by companies and law enforcement agencies. Computer keyboard Photo: 123RF It’s been a difficult year for Wynyard, with its board warning in August that the…
Local tech company Wynyard Group has been placed into voluntary administration. The board of the intelligence software company had been looking at various options including raising additional capital, or drawing on a $10 million loan from major shareholder, Skipton Building Society. But in a statement the board has announced that KordaMentha partners, Neale Jackson and…
Oct 25 Wynyard Group Ltd : * Says it has placed company into voluntary administration * Board considered all available options including potentially raising additional capital and drawing on NZ$10 million loan * Kordamentha partners, Neale Jackson and Grant Graham, have been appointed as administrators of company * Board concluded that neither raising further equity…
WOODBRIDGE, N.J., Oct. 24, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced third liquidation dividend of $0.12 per share (the Distribution) to…
Updated Oct. 24, 2016 5:58 a.m. ET SEOULSouth Koreas Hanjin Shipping Co. 117930 -11.84 % said Monday it will close its European operations, in the latest sign that the troubled company may be heading toward liquidation. Hanjin, South Koreas largest shipping company, has so far obtained approval from the Seoul Central District Court to close…
This month we speak to Setfords Solicitors to find out more about the business Business name: Setfords Solicitors Office location: National, Pool Innovation Centre, and Truro Cornwall, Chancery Lane London, Jenna House Guildford. When was the business founded: 2006 How many employees: As well as a team of full-time lawyers based in our Guildford office we…
WOODBRIDGE, N.J., Oct. 24, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced third liquidation dividend of $0.12 per share (the…
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) is scheduled to hold its second meeting around 11-12 November to discuss and finalize the draft rules under the Insolvency and Bankruptcy Code, 2016. The draft rules were notified earlier this month and put out for public comments till 31 October. The Centre has till…
One man has been fined $14,960 and another $9920 after a four-year long Fair Work Ombudsman case over deductions from staff wages was concluded. In February 2014, the Ombudsman took Travice Blom, the former operator of labour hire company Oz Staff Career Services Pty Ltd, to court over $130,000 that was alleged to have been unlawfully…