British retail chain BHS has officially entered liquidation, after falling into administration earlier in the year. The news marks the official end of the iconic company’s 88-year history in the UK. While a company, or parts of a company, can still be bought and saved from administration, the liquidation of assets means the firm will…
DetailsGet the Pulse of the Market with StreetInsider.com’s Pulse Picks. Get your Free Trial here. FuelCell Energy, Inc. (Nasdaq: FCEL) announced a business restructuring to reduce costs and align production levels with current levels of demand in a manner that is consistent with the Companys long-term strategic plan. The Company is reducing materials spend as…
DetailsA commodity trading company, Finatrade, is said to have begun series of job cuts in anticipation of an eventual liquidation as the company is soaked in more than GH¢1 billion debt that is threatening the survival of some banks in the country. The company, which is arguably the biggest commodity trading company in the…
DetailsKesoram Industries’ restructuring programme, which began in June 2014, has finally started paying off for the company, as it was able to pull out from the red during the first half of the current fiscal year. The restructuring agenda mainly centred around the tyre business which saw an over-capacity production resulting…
DetailsAn Aruban court has officially declared Tiara Air (3P, Aruba) bankrupt following a motion filed earlier this month by several disgruntled employees claiming unpaid back wages. According to local news outlet Noticiacla, the ruling was issued on Monday, November 28. In it, the judge agreed with the applicants that given continuing uncertainty surrounding the airline’s…
DetailsFOUR years ago, Sunshine Coast developer Scott Juniper raced after the family Range Rover as it was being repossessed to get his daughter’s baby seat out of the back. Only weeks earlier, he had obtained the paperwork to register for active bankruptcy with debts totalling $72 million. He handed in the paperwork on his 40th…
DetailsNov 29 Antrim Energy Inc * Announces 2016 third quarter results * Board has concluded that it is in best interest of shareholders, corp to proceed with voluntary liquidation and dissolution of corporation * Itis anticipated that formal dissolution and winding up of corporation and its subsidiaries will occur in early 2017 * Board retains…
DetailsImage Credits: Gallo Images Startling claims that Western Province Rugby Union (WPRU) is faking liquidation of its PTY arm have come to light in recent weeks. The union was granted provisional liquidation by the courts last week, but a company on its creditors has since claimed that there are ulterior motives to this move. Aerios…
DetailsA SPORTSWEAR company launched by England and Sussex cricket legend James Kirtley looks set to go bust. Kirtley set up MKK Sports Limited more than ten years ago with three business partners supplying sports clubs throughout the country with kits. High profile clients included Sussex and Middlesex County Cricket Clubs (CCC). But a creditors’ meeting…
DetailsRestructuring & Insolvency 2017: Analysis The collaboration between Whos Who Legal and Global Restructuring Review has again generated extensive research into restructuring and insolvency legal markets around the world. All told, we list 570 lawyers this year from 47 jurisdictions. Thought Leaders Europe Rita Gismondi Gianni Origoni Grippo Cappelli & Partners, Rome…
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