Video will begin in 5 seconds. More video Recommended Replay video Facebook leads disruption of traditional media Fund manager Will Low sees clear winners and losers in disrupted industries. PT0M41S 620 349 ASX-listed video streaming pioneer Quickflix has called in a voluntary administrator after a restructure and cost cutting failed to save it from increased…
DetailsDon’t Miss California Assembly OKs highest minimum wage in nation S. Korea unveils first graphic cigarette warnings US joins with South Korea, Japan in bid to deter North Korea LPGA golfer Chun In-gee finally back in action…
DetailsNWR’s bondholders have refused to extend the covenant waiver further and have declared the group in default of its debt obligations. By Robert Anderson in Prague April 25, 2016 Bondholders and majority owners of London-listed New World Resources (NWR) declared the Czech coalminer in breach of its debt convenants on April 25… Read the full article…
DetailsThe streaming wars have claimed their first victim, with homegrown Quickflix going into voluntary administration. The Perth-based streaming service, founded 12 years ago by CEO Stephen Langford has today appointed Ferrier Hodgson as administrators and blamed Channel 9 and Fairfax for its demise. Despite Quickflix being first to the streaming market and holding a leadership…
DetailsOnce again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious and protracted discussions with its creditors is under way one that may well produce…
DetailsShare on Facebook Share on Twitter Share on Google+ Share on LinkedIn WASHINGTON, DC Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious…
DetailsRobert Charles The Mutton Birds perform at Sentry Hill during the 2012 Cassic Hits Winery Tour. A Taranaki fruit winery has been placed into liquidation. In the High Court at New Plymouth on Tuesday, an order was made to liquidate Sentry Hill Winery (2006) Ltd due to an unpaid debt of $130,000 owed to New Zealand Customs. According…
DetailsGarrard claims that the Company ‘became the largest licensed electronics distributor in Australia’ and that “her” Company will continue to trade, and that she has every intention of fulfilling all existing orders. She has not said whether she has the ongoing financial capacity to fund the placing of further orders with overseas manufacturers. Documents lodged…
Details26 April 2016 Melissa Coade View Comments Sydney lawyer Stewart Levitt has warned that Australian laws must change along with the appointment of the new special prosecutor to deal with bank crimes and misconduct. Following news of Treasurer Scott Morrisons plans to appoint an ASIC commissioner to the new role, Mr Levitt has highlighted the need for…
DetailsOne of Toronto’s biggest property developers wants to restructure itself by selling assets to pay down debt and finish the more than 1,000 housing units it is currently trying to build across the Greater Toronto Area. Urbancorp Toronto Management Inc. said on Friday it is seeking to restructure its operations under Canada’s Bankruptcy and Insolvency…
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