TEL AVIV, Israel, June 30, 2016 /PRNewswire/ — Metalink Ltd. (OTCQB: MTLK) today announced that, further to its previously announced plan to voluntary liquidate the Company, it has received notice from one of its principal shareholders (holding, to the Company’s knowledge, approximately 24.9% of the outstanding shares) whereby such shareholder stated, among other things, its…
DetailsPuerto Rico has $70 billion in debt. The measure passed by the Senate sets up a fiscal control board for the island, and helps it avoid defaulting on a critical $2 billion debt payment due Friday. Read the full article at: http://www.npr.org/2016/06/30/484129397/senate-passes-bill-to-help-puerto-rico-restructure-debt
DetailsWhile the seismic changes caused by the EU Referendum vote are quite rightly uppermost in retailers minds, the UK Insolvency Service has issued a consultation document reviewing the UK corporate insolvency framework. It is a response to consistent messages from the World Bank which recently put the UK at number 13 in a league table…
DetailsLate last year, the Grand Court of the Cayman Islands dismissed a winding up petition presented by the directors of China Shanshui Cement Group on the ground that they had no standing to present it. David Butler, partner at Harneys in the Cayman Islands, considers the options for restructuring in the absence of shareholder support.…
DetailsThe last few months have seen a flurry of activity from Hogan Lovells in Asia, particularly in Indonesia. Months after ending its association with Hermawan Juniarto, which lasted for more than three years, Hogan Lovells has teamed up with Dewi Negara Fachri & Partners (DNFP). DNFP was established by founding partners Dewi Djarot and Fachri…
DetailsJOHANNESBURG Former Congress of South African Trade Unions (Cosatu) head Zwelinzima Vavi says the call by some parts of the African National Congress (ANC), for people to help President Jacob Zuma pay his Nkandla debt, shows that Zuma has become the party and the ANC has become Zuma. Both the ANC in KwaZulu-Natal and the party’s…
DetailsLate last year, the Grand Court of the Cayman Islands dismissed a winding up petition presented by the directors of China Shanshui Cement Group on the ground that they had no standing to present it. David Butler, partner at Harneys in the Cayman Islands, considers the options for restructuring in the absence of shareholder support.…
DetailsTony Ayres’ advice to voters is simple. Author Michael Robotham says: “Traditionally, the Labor Party has been a better friend to the Arts than the Coalition … ” Photo: Michele Mossop “I would say that anyone who cares about the future of the arts and screen industry in Australia will not be voting for the…
DetailsDavid Koch shares five top tips to save money. There are some golden rules you should follow before the upcoming Federal Election to make your money work. THE election campaign is coming down to the wire and the scare tactics being implemented by all sides of politics are being cranked up. Some of the claims…
DetailsDemocratic presidential candidate Hillary Clinton has gotten some well-deserved rebukes for the limited college-debt relief plan she unveiled Tuesday in Denver for graduates who start new businesses. If Clinton wants to give away money to people who will eventually be wealthy, this proposal is a great idea, writes Alexander Holt in Inside Higher Ed. “The…
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