Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
DetailsThere are lessons for all employers in the case of David Bate, who was awarded $NZ189,950 ($A177,660) in an unjustified dismissal case against IBM New Zealand, a top employment lawyer says particularly local subsidiaries of multinationals left grappling to speedily implement a restructure ordered by an offshore parent. In a determination filed on April 5,…
DetailsThe Ministry of Corporate Affairs (MCA) has invited stakeholder comments on the proposed insolvency law reforms such as group insolvency, pre-packaged insolvency resolution and other issues related to the Insolvency and Bankruptcy Code, 2016 (IBC). The suggestions and comments have to be sent online by May 7. The move comes on the heels of the…
DetailsLONDON, April 17 (LPC) – Private debt funds are building teams to boost their ability to syndicate loans as a flood of cash into the sector helps them to target bigger deals, drawing criticism from competing banks and peers, as well as regulators who see the shadow banking sector as a possible systemic risk. Direct…
DetailsApril 17 (Renewables Now) – Carnegie Clean Energy (ASX:CCE) announced today that its creditors have accepted a restructuring plan to save the wave energy company and relist it on the bourse. The plan includes a capital hike of up to AUD 5 million (USD 3.6m/EUR 3.2m) and aims at restructuring the companys balance sheet and…
DetailsJames Stunt is being pursued over a 1 million debt he accrued while gambling. Stunt claims he will find the cash to pay his debt by selling Monet and Picasso portraits he once lent toPrince Charles. Stunt, who is known as a playboy and is the former husband of Formula 1 heir Petra Ecclestoneallegedly ran…
DetailsBURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
DetailsBURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
DetailsSINGAPORE – The tycoon who made headlines in 2017 for his run-in with the management committee of the Ardmore Park condominium was declared bankrupt in the Hong Kong High Court last week. Dr Sit Kwong Lam, who was listed as a billionaire by Forbes in 2017 but dropped off last year, had provided a personal…
DetailsToDate: 17th April, 2019The General ManagerDepartment of Corporate Services,BSE Limited,PJ. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 8h CoC Meeting of M/5. Southern Online Bio Technologies Limited scheduled on 17thApril, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 8th Committee of Creditors…
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