TAP Air Portugal (TP, Lisbon) has filed an application in the Commercial Courts of Lisbon for the liquidation of its groundhandling company, Servicos Portugueses de Handling, S.A. (SPdH), also known by its trademark Groundforce Portugal. The airline is a creditor of Groundforce, which to date has provided ground-handling services to TAP at Lisbon, Porto, Faro,…
DetailsEnlarge this image National Rifle Association CEO Wayne LaPierre at the group’s annual meeting in Dallas in May 2018. A secretive figure, LaPierre makes few public appearances outside of carefully scripted speeches. Daniel Acker/Bloomberg via Getty Images hide caption toggle caption Daniel Acker/Bloomberg via Getty Images Updated at 6:43 pm ET A federal bankruptcy judge…
Detailsilumoni, the start-up app that aims to help people to borrow well, has raised 1.2m in an over-subscribed seed funding round after successfully launching in Beta earlier this year. The purpose-led, AI-driven fintech had previously raised 455,000 in pre-seed funding, which saw the initial build of the first version of the app. The app went…
DetailsMember Article North East business owners trying to get their operations back up to full speed as the economy reopens are potentially facing a triple challenge to achieving their goals. Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, who was speaking after the publication of the official…
DetailsChua See Hua Christopher & Lee Ong has hired Chua See Hua as a partner and co-head of the restructuring and insolvency practice in Kuala Lumpur. She joined with a team from her boutique firm Chua Associates that she founded in 2010. Her practice extends to advising major corporations on transactions involving acquisitions and divestments…
DetailsTreasurer Josh Frydenberg has unveiled the federal governments 20212022 budget, committing tosupporting jobs and essential servicesin the year ahead. In response, non-bank small business lender ScotPac said, overall, the budget gives SMEs a great opportunity to invest in their own growth so recovery momentum continues. There are positive initiatives to support the small business sector,…
DetailsAn Auckland property company that took millions in taxpayer funds to house the homeless has left Inland Revenue (IRD) and landlords out of pocket after going into liquidation. File picture. Source: rnz.co.nz By Nita Blake-Persen for rnz.co.nz Silverfern Property Services has received more than any other outfit for emergency housing – $14.7 million – and…
DetailsThats why the Morrison government is committed to building on our already significant insolvency reforms, keeping more businesses in business and driving Australias economic growth. The new measures will make up part of the non-spending announcements in the May 11 budget and undergo a period of consultation and review to determine if and how they…
DetailsEmployees working for an insolvent company will have to be given at least 30 days’ notice of redundancy, under new legislative reforms to be introduced by the Government. The proposal is part of a new Department of Enterprise, Trade and Employment Action Plan to boost the rights of employees hit by insolvency – an issue…
DetailsThe company logo for Electricite de France (EDF) is seen in Paris, France, March 2, 2021. REUTERS/Benoit Tessier French state-controlled power group EDF (EDF.PA) said on Wednesday that talks over a restructuring of the company between France and the European Commission remained difficult, as EDF posted higher first quarter sales. The talks between France and…
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