In the days after Bellamy’s Australia admitted in a vaguely worded statement to problems in China, the infant formula maker hurriedly established a war room in the Melbourne offices of law firm Herbert Smith Freehills. The company’s “business update” delivered on December 2 last year had wiped $500 million from its sharemarket value and as its…
Grouper farm set up in Portsmith, Queensland. (Photo: Finfish Enterprise) Hong Kong company buys aquaculture company in liquidation process AUSTRALIA Friday, February 10, 2017, 21:30 (GMT + 9) Aquaculture Technologies Asia has decided to buy Finfish Enterprise Pty Ltd,…
UPDATE: QUESTIONS remain unanswered about the future of Eguana Holdings Pty Ltd following today’s meeting with creditors. Australian Manufacturing Workers’ Union state organiser Todd Nickle said investigations into the company were ongoing by liquidators. Mr Nickle said a large number of workers were still owed seven months superannuation. “It seems to be quite widespread,” he said.…
KOLKATA: The way India deals with sick business is in for a shakeout. While Innoventive Industries moved the Bombay HC against the bankruptcy law, the Insolvency & Bankruptcy Board of India registered six other cases, one from liquor baron Vijay Mallyas UB Engineering. ICICI Banks application for insolvency resolution against Innoventive was the first to…
Retail chain Howards Storage World will emerge from voluntary administration, with administrators Deloitte securing a sale of the business and its franchise network to an unnamed buyer. The business was placed into the hands of external managers in late 2016, with Vaughan Strawbridge and David Lombe from Deloitte appointed to manage the administration of four entities…
Clive Palmer’s nephew and wife did a deal for Queensland Nickel to buy $135 million worth of shares in a coal mine he wanted to build five days before the company failed, a court has heard. At the time the deal was signed, on January 13 last year, Queensland Nickel was less than a week…
The U.S. Bankruptcy Court issued an order (with revisions made by the Court) approving the motion of the U.S. Trustee assigned to the ScripsAmerica case to convert the Companys Chapter 11 reorganization to a liquidation under Chapter 7. The order states, The Court finds that grounds exist to convert the Chapter 11 case to a…
Craig Richardson was chief executive of the Wynyard Group. Photo / File Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today. KordaMentha partners Grant Graham and Neale Jackson, who were running the voluntary administration, of Wynyard have been appointed liquidators of the company and subsidiary Wynyard (NZ) Limited. The…
Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today. KordaMentha partners Grant Graham and Neale Jackson, who were running the voluntary administration, of Wynyard have been appointed liquidators of the company and subsidiary Wynyard (NZ) Limited. The liquidators will provide further reports to creditors as required under the Companies…
Thursday 9th February 2017 Text too small? Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today. KordaMentha partners Grant Graham and Neale Jackson, who were running the voluntary administration, of Wynyard have been appointed liquidators of the company and subsidiary Wynyard (NZ) Limited. The liquidators will provide further reports to creditors as…