Durban – A businessman has accused the trustee of a relatives insolvent estate of acting dishonestly and unethically by apparently choosing to keep the R85 000 he deposited to buy their Newlands West property after they were declared insolvent. This allegation was contained in an urgent application before Judge Themba Sishi on Monday. However, Rakesh…
DetailsImage: Yle On Wednesday evening the Helsinki City Council will make long-term plans – and very expensive decisions amounting to some 370 million euros – about the future of public transport in the city, Hufvudstadsbladet writes. While the heavily-publicised, “driverless bus system of the future” continues testing, city officials are also expected to invest heavily…
DetailsScott Murray of Keenan Corporate Finance A food company based in England has confirmed it has placed its Northern Ireland operation in administration, putting 75 jobs at risk. Adelie Foods said it had appointed administrators to the former Bite Group in Enniskillen in order to focus on building its “core, mainland UK business”. Share Go…
DetailsCALGARY, Aug. 30, 2016 (Canada NewsWire via COMTEX) — Twin Butte Energy Ltd. (TBE) (“Twin Butte” or the “Company”) announces that following the results of its meeting of securityholders held on August 29, 2016, whereby (among other things) the debentureholders of Twin Butte did not approve a proposed plan of arrangement in respect of Twin…
DetailsAustralians have stolen more than $100 million over the past five years to feed gambling habits, according to a new study whose author thinks the scale of theft he uncovered is just the tip of an iceberg. Warfield & Associates accountant Brett Warfield identified 265 criminal convictions involving 267 offenders from 2011 to July this…
DetailsWoolworths’ deal to sell off Masters stores and sites has been complicated by legal action by Lowe’s. Wayne Taylor Woolworths and its home improvement partner Lowe’s Companies will face off in court on Wednesday over a $835 million deal to sell Masters stores and sites to a consortium of property developers. After seven months of negotiations, Lowe’s took Woolworths by surprise…
DetailsAug. 30, 2016 7:15 p.m. ET Even as Aubrey McClendon grappled with collapsing crude prices in the months before his unexpected death in March, the energy titan mortgaged his familys marquee asseta stake in the Oklahoma City Thunder basketball teamto make one more deal. Now, that investment has paid off, with a small energy producer…
DetailsA LEADING proponent of the personal property security register (PPSR) and purchase money security interests (PMSIs) as means of managing counterparty risk in the grains industry has defended the products from claims they are not worth the effort. Chris Heinjus, director with South Australian-based agribusiness Rural Directions, said using the government-backed mechanism would at very…
Details“See you for your next project!” says the big sign on the way out of the cavernous – and empty – Masters hardware barn. This seems unlikely. The entire chain is shutting down across Australia before Christmas and their much-vaunted fire sale feels a bit wet. Across the country Masters stores are near-deserted, with those shopping for bargains in the…
DetailsJennifer Paterson | August 30, 2016 As the Northern Transportation Co. Ltd. seeks protection from its creditors amid financial difficulties, the Public Service Alliance of Canada and the Union of Canadian Transportation employees have retained a law firm to represent the pension interests of its employee members and retirees as insolvency proceedings move forward. The company, which…
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