Australian underground coal gasification (UCG) developer, Linc Energy, has gone into voluntary administration, according to a company announcement. Administratiors from PPB Advisory were appointed effective 15 April. Last month, the company was committed to stand trial over alleged environmental damage caused by its UCG trial in Queensland an accusation the company denies. But an environmental…
A training company that hosted workshops by the man dubbed the Wolf of Wall Street has collapsed into liquidation. According to notices from the Australian Securities and Investments Commission, Face to Face Training Services called in external managers on March 1, with Anne Marie Barley from WRA Insolvency acting as voluntary administrator. Last Thursday, a special…
KUALA LUMPUR: CLIQ Energy Bhd is considering three methods of liquidation such as members voluntary liquidation, creditors voluntary liquidation and winding up by court order. According to its filling to Bursa Malaysia today, CLIQ said the documentation for all three winding up methods were being considered and/or prepared. CLIQ also said it was not cost…
NEW YORK (GenomeWeb) Canadian life sciences firm DiagnoCure announced today that its board has approved a plan to voluntarily dissolve the company and liquidate its assets. “The board of directors of DiagnoCure has determined that the liquidation and dissolution is advisable and in the best interest of the corporation and its shareholders,” DiagnoCure Chairman Jacques…
The manifold and testing facility at the oilfield in Kazakhstan which Cliq Energy had previously set its sights on. KUALA LUMPUR: Cliq Energy Bhd, which has been named a respondent along with the Securities Commission (SC) in the judicial review application filed recently by Best Oracle Sdn Bhd, will not oppose the review. It will,…
THE Insolvency Practitioners Association is to become the first professional body to grant partial licences for practitioners wishing to specialise in either personal or corporate insolvency work. In October 2015, the governments Deregulation Act opened up the insolvency licensing regime to create greater competition and flexibility by allowing specialisation. Given the enabling provisions were enacted…
Oil and gas company Linc Energy has been placed into voluntary administration. Administrators PPB Advisory has been called in to work with management on options including a possible restructure. In a statement to the ASX the company said after receiving legal and financial advice, and considering commercial prospects, the board decided it was in…
Theres a lot of bad news out of corporate America these days. Bankruptcies are increasingly common, companies are struggling to make on-time interest payments and the latest earnings reports are expected to be disappointing. So its rather odd that investors are flooding into the most distressed bonds, with the debt set for its best two-month…
Donald Trumps revamped campaign team faces its latest test in Wyoming on Saturdayand they appear set to fail it. The state will select 14 delegates at its convention, and by focusing on the months-long process, Ted Cruz appears set for another sweeping win. It would be the latest delegate setback to Trump, who faces long…