[TOKYO] Takata shares plunged 17 per cent Thursday on a report that two rival suitors are set to propose bankruptcy restructuring plans for the airbag maker at the centre of the biggest-ever auto safety recall. The stock fell by its maximum daily loss limit to close at 717 yen after trading had been suspended in…
DetailsThe online auction start-up Auctionata Paddle8 AG filed a request to open insolvency proceedings on January 16, according to publicly accessible documents published by the Amtsgericht Charlottenburg, the district court responsible for the companys headquarters in West Berlin. Auctionata, founded in 2012, has reportedly been under financial strain recently; last week, the German online magazine…
DetailsA Queensland farmer battling with a bank has offered to stump up $300,000 to cover a debt that led to former One Nation senator Rod Culleton being declared bankrupt. The offer made in an affidavit was raised at a hearing in the Federal Court in Perth on Thursday, before Mr Culleton mounts a bid in…
Details19 January 2017Muscat – The shareholders of Port Services Corporation (PSC) have agreed to defer the company’s liquidation until January 2018. PSC held an extraordinary general meeting (EGM) of its shareholders on Tuesday which agreed to nullify the decision resolved in the company’s second EGM held on December 7, 2016 to liquidate the company with effect from…
DetailsBy MailOnline Reporter Published: 20:47 +11:00, 19 January 2017 | Updated: 20:57 +11:00, 19 January 2017 e-mail View comments They have been very careful in painting their split as one of upmost civility. But Amanda Abbington’s downcast appearance this week suggested otherwise as she stepped out amid claims she confronted ex-partner Martin Freeman about his…
DetailsASIAN LEGAL BUSINESS: What are some of the notable trends you have witnessed in Koreas legal industry in the past 12 months in terms of the quantity and quality of work? What have you been doing more of, and what have you seen a drop in? KYE SUNG CHUNG, senior partner, Kim & Chang: In…
DetailsPromising firm ABT Construction has been put into liquidation by transport firm Multi-Trans over unpaid bills amid reports of frictions within its management team. The firm was once touted as part of the solution to Auckland’s housing crisis with its fast-turnaround pre-fabricated dwellings. The first liquidators’ report shows that McDonald Vague’s Peri Finnigan and Boris…
DetailsBREAKING: Staff sacked days before Christmas after the collapse of the administrative arm of SmartCity Vocational College could be owed about $2.6 million in annual leave and other entitlements. That figure was disclosed to creditors at a recent meeting in Maroochydore. Liquidator Paul Nogueira, of Worrells, now has the job of verifying that figure to…
DetailsBy Ross Mcdonagh For Dailymail.com Published: 13:18 +11:00, 19 January 2017 | Updated: 13:18 +11:00, 19 January 2017 e-mail View comments It’s like stealing $6.5million… but then having to pay back $8.2million. Alanis Morissette’s former business manager has admitted to stealing $4.8million from her over the course of four years. Jonathan Schwartz plead guilty to committing…
DetailsCollege affordability has recently become the preeminent issue in higher education, as student debt figures have hit staggering levels. Student loan debt exceeds other types of consumer debt in the US, like car loans and credit card debt, reaching $1.279 trillion as of the third quarter of 2016. And while lawmakers and student advocates look…
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