Published: 16:03 Tuesday 12 March 2019 Share this article Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing. The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of…
DetailsIt is a common misconception that closure means failure, but directors increasingly choose to dissolve in good condition, either because the industry has changed or they simply fancy something new. The first thing to understand about company closure is the distinction between solvency and insolvency. If the company is solvent, there is much more flexibility…
DetailsExtension of Corporate Insolvency Resolution Process (`CIRP) for further period of 20 days. Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the above cited subject, I would like to inform that the Honorable National Company Law Tribunal, Hyderabad Bench (NCLT) vide its Order dated…
DetailsMar 13, 2019 Newsdesk Latest News, Macau, Top of the deck   A total of 133 people registered with Macaus Central Registry System of Individuals with Gambling Disorder in 2018, down 15.3 percent from the previous year, said the citys Social Welfare Bureau in its latest published report on the subject. The 2018 number…
DetailsTwo South Australian building companies are facing collapse, and another is facing court action, amid ongoing pressure from the national housing downturn. Key points: New home builds are declining in South Australia Several companies have closed and subcontractors are feeling the impact Masters Builders SA wants more financial incentives for property owners Adelaide construction…
DetailsInvestors who poured over $35 million into once-promising fashion startup Shoes of Prey are likely to be left empty-handed, with firms who invested in the business warning contributors they are not expecting any return from the liquidation process. Shoes of Prey, a company that allowed women to order customised footwear at a cheaper price than…
DetailsLONDON – Infiniti Motor Co., the luxury division of Japanese automaker Nissan, says its withdrawing from Western Europe offering another blow to carmakers in the U.K. bracing for Britains departure from the European Union. The company said Tuesday that as part of its restructuring plan, it will cease making two models, the Q30 and QX30,…
Details(1888PressRelease) March 12, 2019 Youll benefit from the many advantages of our services, including:Working with a company who has years of experience in the debt collection industry our staff are experts at finding solutions for people who need help with debt relief. -Saving money by reducing interest rates and late fees. -Paying off your debt…
DetailsCAMP HILL, Pa.–(BUSINESS WIRE)–Mar 12, 2019–Rite Aid Corporation (NYSE: RAD) announced today a leadership transition plan and an organizational restructuring to better align its structure with the Companys operations and to reduce costs. As part of the leadership transition, John Standley will step down as chief executive officer. The Board will promptly commence a search…
DetailsGerman software maker SAP AGs restructuring plan, announced in January this year, will end up eliminating around 80 jobs in Canada. SAP will lay off 64 employees in Ontario and 15 in Quebec, reported IT World Canada, citing unnamed sources. Most of the jobs facing the axe are at the companys research and development (R&D)…
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