Staff at embattled Perth building company Cooper & Oxley have been told their employer has a 50-50 chance of surviving after the company was yesterday placed in administration. As the move was being announced, dozens of the companys employees gathered at its Jolimont headquarters to be briefed by representatives from insolvency firm Hall Chadwick, which…
Details… Read the full article at: https://www.expressnews.com/business/eagle-ford-energy/article/San-Antonio-based-NuStar-Energy-restructures-12561313.php
DetailsTurnaround firms are circling the stricken Toys R Us chain as the retailers precarious financial position puts more than 3,000 high street jobs at risk. Last year the UK subsidiary of the bankrupt US chain won a stay of execution after landlords took back the keys to 26 shops and accepted less rent for those…
DetailsThe chief executive of Teva Pharmaceuticals on Thursday said he is making “strong progress” on the company’s restructuring plan, even as the company posted a huge loss and forecast a challenging 2018. In an interview, CEO Kare Schultz said he remained confident about the company’s long-term prospects, laying out a two-year turnaround timeline and predicting…
Details… Read the full article at: https://www.mysanantonio.com/business/eagle-ford-energy/article/San-Antonio-based-NuStar-Energy-restructures-12561314.php
DetailsViet Nam News HÀ NI Favourable conditions are needed to increase the number of new businesses and startups in order to realise the target of 1 million enterprises by 2020, an official has said. The State should continue speeding up administrative reform, improving the business climate and legal framework, Nguyn Bích Lâm, General…
DetailsANI | Updated: Feb 07, 2018 21:54 IST
DetailsThe norms for fast track insolvency proceedings have been tweaked wherein both fair value and liquidation value need to be assessed for the entity concerned. Under fast track mode, the resolution process is to be completed in 90 days. The Insolvency and Bankruptcy Board of India (IBBI) has amended the Fast Track Insolvency Resolution Process…
DetailsNEW DELHI:The government has introduced the concept of fair value for bankrupt companies undergoing resolution and an evaluation matrix for applicants under the Insolvency and Bankruptcy Code, bringing in more clarity and transparency in the insolvency resolution process. The amended rules for the insolvency resolution process for corporate persons have made it mandatory for resolution…
DetailsVANCOUVER, British Columbia, Feb. 08, 2018 (GLOBE NEWSWIRE) — Uniserve Communications Corporation (Uniserve) (TSX.V:USS), one of Canadas premier providers of tech solutions in voice, data and media services for home and business customers, is pleased to announce the expansion of their Managed Services portfolio through a newly forged relationship with Trustwave. Trustwave is a leading…
Details