Huelin-Renouf, made up of separate Guernsey, Jersey and UK entities, collapsed in 2013 leaving 90 employees redundant and a large amount of cargo bound for Jersey businesses stranded in Southampton. Following the penultimate liquidation hearing in Guernseys Royal Court, a total of £674,330 will be returned to creditors. Final closure of the case is scheduled…
DetailsAn Edmonton woman was jailed after admitting to running a shipping container fraud through her family’s business. Victor Sokolowicz / Bloomberg, file Share Adjust Comment Print A woman who created a shadow company to fraudulently sell shipping containers out from under her mother-in-laws business was handed a 15-month jail sentence Monday. Adelheid Ruth Baxter, also…
DetailsSouth Africa-based hospital chain Life Healthcare Group Holdings Ltd is looking to sell its 49.7% stake in Max Healthcare Ltd, Bloomberg reported citing persons aware of the development. Last month, VCCircle first reported that Life Healthcare was looking to sell its stake in Max Healthcare. VCCircle also reported that Life Healthcare had emerged as a…
DetailsOmega Sibanda Eddie Chikamhi, Harare BureauAFTER weeks of incessant attacks during which their authority appeared to be challenged, Zifa have directed that all the associations members should fulfil their statutory obligations by registering their constitutions with the association to avoid any clashes. Zifa vice-president Omega Sibanda yesterday told the media in Harare that it was…
DetailsThe Reserve Bank of India on Monday approached the Supreme Court seeking permission to initiate insolvency proceedings against Jaiprakash Associates (JAL), the parent company of Jaypee Infratech (JIL). The move had more than 25,000 homebuyers of Jaypee Infratech in Noida and Greater Noida worried that if insolvency proceedings against JAL are allowed, who will deposit…
DetailsWomen’s clothing retailer Andrea Moore – which has stores in Auckland, Wellington and Christchurch – has gone into liquidation. The Andrea Moore store in Wellington. Photo: Instagram / Andrea Moore McGrathNicol has been appointed as receiver. Andrea Moore has traded as a registered business since 2004. Managing director Brian Molloy said a perfect storm hit…
DetailsNEW YORK–(BUSINESS WIRE)–On Jan. 1, Norton Rose Fulbright promoted 10 lawyers to partner in the United States. The new partners are: Beau Cox and Seth Isgur, commercial litigation; Sumantha Rani Sedor, corporate and life sciences; Brenda Hanzl and Becky Limmer, corporate, M&A and securities; Mina Matin, financial institutions and insurance; Eric Daucher and Ryan Manns,…
DetailsThe government has announced relaxation in the provisions relating to levy of minimum alternate tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016. The existing provisions of section 115JB of the Income-tax Act, 1961, inter alia, provide that for…
DetailsKardan NV (TASE: KRNV;AEX:KARD) is close to an agreement for the sale of its 98.4% holding in water infrastructures company Tahal Group to the Fortissimo Capital fund for $120-130 million (NIS 412-446 million). According to market sources, the deal can be expected to be signed within the next few days, subject to agreement on the…
DetailsSource: BBB WICHITA FALLS, Tx (RNN Texoma) - The Better Business Bureau is warning Texomans about consolidating their debt. While there are companies who want to help, others are scammers trying to get your money. Avoid any consolidator that charges fees before the debt is settled, or pressures you to make voluntary contributions. They may…
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