Bathstore will continue to trade from its 135 stores in the UK, all of which are at risk of closure, while in administration. The business has appointed BDO to attempt to find a buyer. Ryan Grant, BDO business restructuring partner, said: “Despite significant investment into the business over the past five years, Bathstore has struggled…
DetailsLoading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…
DetailsAn Australian business caught selling fake Aboriginal art has been fined $2.3 million dollars in a federal court ruling today, highlighting a thriving black-market that exploits and expropriates Indigenous culture. Brisbane company Birubi Art was found to have breached Australian consumer law and to have misled its customers by promoting products as genuine Aboriginal art…
DetailsLoading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…
DetailsAn estimated 3 million Australians could be impacted by upcoming changes to superannuation. By now, potentially three million Australians are in the process of having life and disability insurance stripped out of their superannuation accounts. From July 1, super funds will be required to cancel default life insurance policies in funds where members have…
DetailsWe refer to the provisions of Regulation 30 (Schedule III, Part A, Clause A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and wish to inform you that the First meeting of the Committee of Creditors (CoC) of Neueon Towers Limited (the “Company”) under the provisions of the…
DetailsATLANTA, June 25, 2019 (GLOBE NEWSWIRE) — GlassRatner Advisory & Capital Group, LLC, a leading specialty financial advisory firm and wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), today announced the addition of Wayne P. Weitz and Coral M. Hansen. Mr. Weitz joins as a Principal based in New York and Ms. Hansen joins as…
DetailsAvante Recruitment Ltd was incorporated in February 2015 as a company that specialised in recruiting candidates for finance, accountancy and insolvency roles. From mid-2016, however, Avante Recruitment failed to make adequate tax payments and did not always file tax returns when due. This eventually led to the company entering into Creditors Voluntary Liquidation in September…
DetailsA SOUTHEAST Queensland building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of ATSBuild, based in Toowoomba, on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments…
DetailsBrightoil Petroleum Holdings Ltd could receive a restructuring proposal from Chinese banks in the third quarter while it sells assets to pay off debt and shifts to becoming a shipping e-commerce platform, a company official said on Friday. Brightoil suspended trading in its shares in October 2017 and has since been snagged in lawsuits brought…
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