The company said it has not been able to agree on the start of industrial activity with the Liepaja City Council and the Special Economic Zone (SEZ) administration. Meanwhile the municipal authorities in Liepaja will keep to their plan to create an eco-friendly industrial park on the sprawling territory of the former “Liepajas metalurgs” plant, which was…
DetailsOne of Chinas largest-ever debt restructurings is starting to take shape. China Evergrande Group was declared to be in default in late 2021, the highest-profile casualty of a broader crisis in the countrys property development industry. The government has stepped in to manage the overhaul, quelling fears of a disorderly collapse that could have jolted…
DetailsRajani Associates advised and assisted Jayesh Sanghrajka, resolution professional of Sutlej Housing for the approval of the resolution plan under the corporate insolvency resolution process (CIRP) of Sutlej. As legal advisors of the RP, Rajani Associates assisted the RP and his team with the following: – defended multiple applications filed by the erstwhile landowners…
DetailsPresident William Ruto on Monday ordered all persons currently at Mumias Sugar Company to vacate and withdraw all court cases pertaining to it. We are ordering all to vacate the premises, that company belongs to the people. We shall make new plans for it and not entertain any court cases, they must withdraw them all.…
DetailsNeil Mitchell has addressed the horrendous debt crisis unfolding in Victoria, likening the state to a rust bucket. Ratings agency Moodys predicts the state will reach $200 billion in debt in the next few years. Victoria is looking more like a rust bucket and weve got to face it, the 3AW Mornings host said. Press…
DetailsAn ASX-listed food, beverage and nutrition retailer has abruptly halted trading on the stock market after it entered both administration and receivership. At the end of last week, Halo Food Co went into voluntary administration and the next day, receivers were also appointed. The firm boasted a range of big name food products, including acquiring…
DetailsAug 29, 2023 9.39am Key Points Why it matters: Star booked a $2.2 billion impairment of its Sydney, Gold Coast and Brisbane casinos. The group had a $2.4 billion annual loss. Star is still waiting on the outcome of legal action commenced by AUSTRAC. Star Entertainment has blown out to a $2.4 billion loss after…
DetailsAn ASX-listed food, beverage and nutrition retailer has abruptly halted trading on the stock market after it entered both administration and receivership. At the end of last week, Halo Food Co went into voluntary administration and the next day, receivers were also appointed. The firm boasted a range of big name food products, including acquiring…
DetailsFarmers Insurance says it will lay off 11% of its workforce about 2,400 employees as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability ByThe Associated Press August 28, 2023, 4:30 PM FILE – The logo for the Farmers Insurance Group is seen on the North Course during the first round…
DetailsAn ASX-listed food, beverage and nutrition retailer has abruptly halted trading on the stock market after it entered both administration and receivership. At the end of last week, Halo Food Co went into voluntary administration and the next day, receivers were also appointed. The firm boasted a range of big name food products, including acquiring…
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