TORONTO The union representing staff at CTV News says restructuring announced today has impacted jobs at stations in at leastfive provinces, and will result in a net reduction of staffing. Unifor says the stations affected by restructuring include the CTV1 stations in Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The union, which represents local television staff…
DetailsThe Insolvency and Bankruptcy Board of India (IBBI) proposes to make the legal regime around withdrawal of resolution applications under the Insolvency and Bankruptcy Code (IBC) more practical. This, in turn, will give the original promoters a wider opportunity to seek resolution outside the IBC process and thereby gain back control of their companies. Plans…
DetailsDefence lawyers sought on Thursday to poke holes in an expert witnesss conclusion that Sean Dunne was effectively insolvent as of late 2007. This is the fourth day of the once-high-flying property developers American civil trial. The plaintiffs claim that Mr Dunne was insolvent by the late 2000s is key to proving his allegation that…
DetailsNEW YORK, May 09, 2019 (GLOBE NEWSWIRE) — New York REIT Liquidating LLC (the Company or the LLC), which was formed to complete the liquidation of the assets previously held by New York REIT, Inc., announced today it has filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2019. All per…
DetailsDebenhams has won emphatic approval from its creditors for its rescue restructure plan, that will close at least 22 stores and force through rent cuts on many others. Landlords and other creditors, such as clothing suppliers, approved the closures which form part of two company voluntary arrangement (CVA) deals Debenhams new owners have said are…
DetailsImage copyright Getty Images Image caption Craig Hughes, from Luton, removed three coaches without the permission of liquidators in August 2017 A coach company boss who hid three coaches from liquidators has been banned from promoting, forming or managing a company for nine years. Craig Hughes, 27, from Luton, was director of HL Tours, a…
DetailsLIQUIDATORS of failed Queensland hair dressing chain Supercuts are hopeful a buyer will emerge for the 32-year old business that closed earlier this week with the loss of 76 jobs. Pontefract Pty Ltd, which traded as Supercuts Hairdressing Salons, was voluntarily placed in liquidation on May 7, with Mark Pearce and Michael Dullaway of Brisbane-based…
DetailsLIQUIDATORS of failed Queensland hair dressing chain Supercuts are hopeful a buyer will emerge for the 32-year old business that closed earlier this week with the loss of 76 jobs. Pontefract Pty Ltd, which traded as Supercuts Hairdressing Salons, was voluntarily placed in liquidation on May 7, with Mark Pearce and Michael Dullaway of Brisbane-based…
DetailsLIQUIDATORS of failed Queensland hair dressing chain Supercuts are hopeful a buyer will emerge for the 32-year old business that closed earlier this week with the loss of 76 jobs. Pontefract Pty Ltd, which traded as Supercuts Hairdressing Salons, was voluntarily placed in liquidation on May 7, with Mark Pearce and Michael Dullaway of Brisbane-based…
DetailsPLYMOUTH MEETING, Pa.–(BUSINESS WIRE)–May 8, 2019–CSS Industries, Inc. (NYSE: CSS) announced today a comprehensive restructuring plan to significantly reduce its cost base, while streamlining the organization in a manner designed to improve business performance, profitability and cash flow generation. Development of this restructuring plan initially began in connection with the Companys previously announced management project.…
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