A fabrication company has collapsed into liquidation just months after shutting down its phone lines, letting staff go and ghosting tradies. On Tuesday, Sydney-based YME Metal Projects Pty Ltd, which subcontracted to building companies completing metalwork such as ballustrading and handrails, went into voluntary liquidation. The business worked on a number of commercial projects including…
DetailsROBERT KITCHIN/Stuff Dame Jenny Shipley, the countrys first woman prime minister, has failed to overturn an award of more than $6 million against her as a result of the collapse of construction company Mainzeal. Former prime minister Dame Jenny Shipley has failed in her bid to get the Supreme Court to throw out an award…
DetailsProperty owners in Florida will now have a choice of four new insurers this year. This comes after the Orion180 Select Insurance Company and Orion180 Insurance Company were approved this week by the Florida Office of Insurance Regulation (OIR). They will join Mainsail Insurance Company, which was approved in August, and Tailrow Insurance Company, approved…
DetailsAhead of major meetings of world leaders in September, such as the Africa Climate Summit, the G20 New Delhi Summit and the 78th session of the U.N. General Assembly, Catholic bishops and faith leaders in Africa are calling for debt relief for the continent to give Africa a “life line” to escape the multiple crises…
DetailsA record number of people in the UK are heading into the winter with energy debts as they borrow to pay bills, Citizens Advice has said, as it urged the government to step in with fresh support for gas and electricity bills. The charity says 2023 has been its busiest year, with the number of…
DetailsPerson cooking on a gas hob Thousands more people will start the winter behind on their energy bills with some borrowing to pay them, Citizens Advice has warned. A total of 46,431 people with energy debts contacted the charity for advice in the first six months of 2023, a 17% increase on the same period…
DetailsAgreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position Company for Long-Term Success Intends to Initiate Voluntary Prepackaged Chapter 11 Proceedings to Implement Plan Continuing to Deliver High-Quality Therapies…
DetailsHundreds of workers have lost their jobs and major construction projects have been left in limbo after WA road construction contractor Advanced Traffic Management was forced into liquidation. Key points: Workers were sacked and notified of the liquidation by text message The CFMEU has slammed the treatment of workers in the traffic control sector Main Roads says it doesn’t expect…
DetailsIn recent years, the world and the business landscape has been tested, managing risk and change at an accelerated speed, and at times, undergoing significant transformation. Boards of directors are now grappling with a host of unprecedented challenges never previously on the agenda. Amidst the complexity that directors now face, the situation becomes even more…
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