Wirecard NZ – the fully-owned subsidiary of the scandal-plagued German payments group – has today been placed in voluntary administration. McGrathNicol partner Andrew Grenfell, who has been appointed voluntary administrator, told the Herald, “It’s business as usual”, for around 20 Auckland-based staff. He hoped to find a buyer. Overnight, BDO partners Andrew Fielding and Nicholas…
DetailsJuly 14, 2020 About Sonia Hickey Sonia Hickey is a freelance writer, magazine journalist and owner of Woman with Words. She has a strong interest in social justice and is a member of the Sydney Criminal Lawyers content team. Today’s leading opinions Share via: Two Woolworths-owned venues have been fined for enabling problem gambling. However,…
DetailsEmbattled ZenRock Commodities Trading was granted judicial management yesterday, but the judicial managers have noted that any restructuring of the firm, which is under investigation by the Commercial Affairs Department (CAD), would “at best preserve only a fraction of its business”. KPMG Services’ Martin Wong, Bob Yap and Toh Ai Ling, who were confirmed as…
DetailsWirecards Australian and New Zealand businesses were officially placed in voluntary administration yesterday afternoon. Around 70 local and Kiwi staff were notified of the decision following the appointment of Andrew Fielding and Nicholas Martin from BDO Business Restructuring as administrators of the Australian operation. Melbourne staff were told that BDO would make an assessment on…
DetailsSeven out of 10 Americans get married with some amount of debt mainly credit card and student loan debt, according to Debt.org. While having debt is common, it can unfortunately be a relationship dealbreaker no matter how long you and your partner have been together. For instance, Kara Stevens, a personal finance and lifestyle blogger…
DetailsImage copyright GoogleImage caption The Paisley car park has now been put on the market Two companies that raised 25m from a car park investment scheme near Glasgow and Manchester airports have been forced into liquidation. The land has now been put up for sale after the Insolvency Service ruled the initiative was “misleading” and…
DetailsSEYMOUR, Ind. (Inside INdiana Business) A Philadelphia-based generic pharmaceutical manufacturer has announced a restructuring plan involving its facility in Jackson County. Lannett Co. Inc. (NYSE: LCI) says it is consolidating its research and development operations into a single facility, which involves 80 employees being laid off, a majority of them located in Seymour. The company…
DetailsThat boon underscores how the biggest banks roles as financial intermediaries can translate to billions of dollars of profits after borrowing floodgates open. When the firms start releasing their second quarter earnings on Tuesday, theyre broadly expected to post their worst results since the financial crisis as they set aside more money for bad loans.…
DetailsLeela M Ramdeen “We pray for those suffering from addiction may be properly helped and accompanied.” – Pope Francis In Pope Francis’ prayer intention for April 2020, he asked everyone to pray for those who suffer from addiction, especially addiction to gambling, pornography, and the internet. If we are to journey with our Domestic Church…
DetailsPHILADELPHIA, July 13, 2020 /PRNewswire/ –Lannett Company, Inc. (NYSE: LCI) today announced a restructuring and cost savings plan. The initiatives include consolidating the research and development (R&D) function into a single location in Philadelphia and lowering operating costs. The company’s workforce will be reduced by approximately 80 positions, equal to approximately 8.5% of the company’s…
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