(Adds details and background) RABAT, March 21 (Reuters) – A Moroccan court has placed the country’s only oil refiner Samir into liquidation and named an independent trustee, a company source and local media said on Monday. Samir has 10 days to lodge an appeal against the decision, business news website Medias24 reported.…
DAVID UNWIN / FAIRFAX NZ A total of 220 workers lost their jobs when council-owned construction company Infracon went into liquidation. The liquidation of a multimillion dollar roading construction company, which saw 220 people lose their jobs, is near its end. Infracon was placed into liquidation in August 2014 by its two owners, Taraura and Hawke’s Bay district councils, after…
LONDON: British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. Some formation agents, who typically offer to create new businesses for fees of about 200 pounds ($288) or…
The shadow of the Shard is cast across the financial district of London. Photo: Luke Macgregor/Reuters British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area the role of company formation agents a Reuters study of the sector shows. Some formation agents, who typically…
LONDON British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. Some formation agents, who typically offer to create new businesses for fees of about 200 pounds or less,…
Reuters on March 18, 2016, 10:13 pm A pedestrian walks past the headquarters of Her Majesty’s Revenue and Customs (HMRC) in central London, Britain in this February 13, 2015 file photo. REUTERS/Stefan Wermuth/Files By Tom Bergin and Stephen Grey LONDON (Reuters) – British government efforts to crack down on money laundering and fraud through UK…
British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. Some formation agents, who typically offer to create new businesses for fees of about 200 pounds ($288) or less,…
Thomson ReutersFile photo shows the shadow of the Shard cast across the financial district of London as seen from The View from The Shard By Tom Bergin and Stephen Grey LONDON (Reuters) – British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area –…
A family-owned dessert business operating for more than 20 years is facing an uncertain future after its parent company collapsed into voluntary administration. Cakes Galore appointed external managers earlier this month, with Anne Meagher and Terry van der Velde acting as joint administrators. A creditors meeting was held earlier this week in Toowoomba. Cakes Galore…
Brazils economic quagmire, with an ever-growing corruption scandal on top of the longest and deepest recession in at least a century, is producing an unprecedented era of corporate debt restructuring in the country. Brazilian debt now accounts for 45 percent of Bank of America Corp.s $137 billion index for distressed emerging-market bonds, compared with less…