MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. The Montreal-based engineering and construction firm says it has entered into an agreement to sell the business to local management for an undisclosed price. The…
DetailsMore number of cases have been closed by liquidation than by resolution ever since the corporate insolvency resolution process (CIRP) came into effect from December 1, 2016, going by the status of CIRPs as on March 31, 2020. As per the Reserve Bank of Indias latest Financial Stability Report (FSR), about 57 per cent (914…
DetailsThe customers had established SMSFs with one financial advisory outfit and then ultimately were told in 2013 that it was becoming Arion Financial, the court heard. All of the witnesses who are making a complaint … dealt with somebody called Craig, Mr Copley said. A director of Arion would testify that person was Craig Gore,…
DetailsAUSTRALIAN country clothing and accessories Bullzye could be making a comeback. The company went into liquidation in March, with all five physical Queensland stores closing soon after. There were stores in Rockhampton, Townsville, Bundaberg, Toowoomba and Mackay, plus a warehouse in Murrarie for online orders. Bullzye Australian Co. store in Mackay. Picture: Tony Martin READ…
DetailsThe hedge-fund honcho once dubbed Dov Charneys moneyman is now betting he can build a casino empire with a little help from the coronavirus, The Post has learned. Soo Kim, co-founder of hedge-fund giant Standard General, has already scooped up three casinos on the cheap since the pandemic struck in March, including Ballys Atlantic City…
DetailsJudo Bank Chief Relationship Officer Frank Versace advises how to avoid the pitfalls. COVID-19 has forced many businesses to change their business model in order to survive. Those changes may be beneficial in the short-term, but Frank Versace, Chief Relationship Officer with Judo Bank, says SME owners need to evaluate changes through two lenses restructuring…
DetailsAUSTRALIAN country clothing and accessories Bullzye could be making a comeback. The company went into liquidation in March, with all five physical Queensland stores closing soon after. There were stores in Rockhampton, Townsville, Bundaberg, Toowoomba and Mackay, plus a warehouse in Murrarie for online orders. Bullzye Australian Co. store in Mackay. Picture: Tony Martin READ…
DetailsProposed changes will provide clarity for consumers about when they will own goods they have pre-paid for, particularly if a retailer becomes insolvent guidelines will set out ways of identifying the consumer as legal owner, including if goods have been labelled or altered for the buyer such as an engraved ring the current rules on…
DetailsSo why dont most economists share the worries of so many conservative politicians, headline writers and ordinary citizens? Five reasons. The first is, these are extraordinary times. Im not sure Frydenberg is right in claiming the pandemic is “without doubt, the biggest shock this country has ever faced,” but its certainly one of them. And…
DetailsBusinessConsumer MORE than 80 per cent of respondents to a national survey of insolvency and restructuring professionals said they expect personal insolvency numbers to increase over the next year. Sunday, 26th July 2020, 12:03 pm Updated Sunday, 26th July 2020, 12:06 pm Eleanor Temple, the chair of R3 in Yorkshire and a barrister at Kings…
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