Alan Meek Morton Fraser is expanding its corporate restructuring and insolvency team with the appointment of Alan Meek as a partner in the firms Glasgow office. Mr Meek, a highly regarded practitioner in the corporate restructuring and insolvency sector, joins the 29 strong corporate team at Morton Fraser. In his new role, he will be advising…
DetailsMaitland Leagues Club has gone into voluntary administration owing some of its creditors hundreds of thousands of dollars. The clubs board of directors resolved at a meeting on March 11 to place the Bulwer Street business into voluntary administration appointing Newcastle-based insolvency firm Shaw Gidley administrators. The clubs president Ben Newcombe declined to comment when approached by Fairfax…
DetailsToys”R”Us also announced that it is pursuing a going concern reorganization and a sale process for its Canadian and international operations in Asia and Central Europe, including Germany, Austria and Switzerland. The Company’s international operations in Australia, France, Poland, Portugal and Spain are considering their options in light of this announcement, including potential sale processes…
Detailsby Jack Farchy, Javier Blas and Jasmine Ng A revolt by Noble Group‘s shareholders has emerged as one of the major threats to the struggling trading house’s $US3.5 billion ($4.45 billion) restructuring deal after it agreed terms with a group of hedge fund creditors. If shareholders vote against the deal, the company will seek to implement…
DetailsNEW DELHI: The National Company Law Tribunal (NCLT) expressed surprise that Aircel chose to file for bankruptcy on its own and said it admitted the telcos plea because it believes there is potential to revive the business, given the companys current revenue generation and over Rs 32,000 crore worth of assets, including spectrum. The reasons…
DetailsToys R Us, an iconic U.S. retailer of childrens toys, has announced plans to file liquidation papers and likely close most if not all of its remaining stores, potentially impacting up to 33,000 U.S. workers. In a conference call with staff on Wednesday, reported on by The Wall Street Journal, CEO David Brandon said the…
DetailsBERLIN, March 14 (Xinhua) — The number of company insolvencies in Germany has fallen to a record low level in 2017 due to the country’s good economy, official data by the Federal Statistical Office showed on Wednesday. A total of 20,093 business insolvencies have been reported last year, representing a decline of 6.6 percent year…
DetailsBankrupt Toys ‘R’ Us is preparing to sell or close all 885 stores in its US chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday. With shoppers flocking to online platforms like Amazon.com and children choosing electronic…
DetailsToys R Us Australia says it is business as usual at its 39 stores despite the US retail giants apparent collapse at home and elsewhere, and threats it will move to liquidate more stores in other countries. The bankrupt chain is reportedly selling or closing all 885 stores in the US, and the administrator of…
DetailsDiana MacQuillan, who was a teenager in Yass in the 1940s, recalls with fondness the occasional afternoon tea or lunch at Sheekeys Tearooms next to the Memorial Hall. EFFERVESCENT: TJ Sheekey, who built his father’s bakery into a soft drink empire. Photo: Yass and District Historical Society Collection They sold pies and cakes, she recalled. Their…
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