A company has gone into liquidation leaving behind tens of thousands of tonnes of hazardous material, raising questions about who is responsible for it. Tiwai Point smelter Photo: Wiki Commons The material, Ouvea Premix – a type of fertiliser – comes from dross from Tiwai Point Aluminium Smelter. Aluminium dross is a hazardous material which…
05 August 2016 Lara Bullock View Comments Hunt & Hunt Tasmania has closed its doors, with its lawyers being snapped up by two national firms both establishing Hobart offices. …
Charlie Nicholas company has gone bust after failing to settle unpaid debts. The former Celtic players firm, Claremont Media Promotions, has been placed into liquidation following a court order. Charlie Nicholas in action for Celtic in 1992. Picture: TSPL The move comes after Glasgow Sheriff Court heard an application for a liquidator to be…
LAS VEGAS, Aug. 04, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (DTII) (The Company), a developer of Security and Defense Technologies, announces the completion of debt restructuring and consolidation in preparations to move towards production. On August 01, 2016, the Company closed agreements to buy-out and restructure the third convertible note holder (St. Georges of…
A company connected with Tiwai Point aluminium smelter has gone into liquidation. Tiwai Point Photo: Wiki Commons Taha Asia Pacific had a contract with New Zealand Aluminium Smelters to take dross syphoned off from the main smelting operation. It would then re-process it to extract more aluminium for recycling at the main plant. The company…
MANILA, Philippines Payment of claims of shuttered Prudentialife Plans Inc. will continue after the Insurance Commission (IC) scored a win against the company at the Supreme Court four years after it was put under receivership. “The Court resolves to deny the petition for failure of petitioners to sufficiently show that the Court of Appeals committed…
SINGAPORE: Singapores largest bank was supporting Swiber Holdings Ltd until just before the troubled oil services company said it was unable to pay its debts. DBS Group Holdings Ltd provided a bridging loan to Singapore-based Swiber shortly before it filed for liquidation, the bank said in an e-mail late Tuesday. At the time, Swiber was…
The recent news that Eagle Boys Pizza has gone into voluntary administration, owing millions of dollars to creditors, is enough to make any business owner nervous. In business, were always in the position where others owe us money so what would you do if one of these people or businesses suddenly went bust? Would you…
INNOVATIVE: Changes to insolvency laws could make way for “turnaround management” of companies in distress, impacting the rate of corporate failure. IT seems the government is serious about trying to transform our economy with its National Innovation and Science Agenda. Innovation is an important element of any business, and can be a key differentiator between market leaders and…
Mining woes: Waratah Engineering has been placed in administration but there are hopes it will be sold in the near future. TWO people have lost their jobs at an Argenton mining machine company that has been placed in administration almost seven years to the day after it last hit turbulence. Local insolvency specialists Rapsey Griffiths…