NEW YORK (GenomeWeb) Canadian life sciences firm DiagnoCure announced today that its board has approved a plan to voluntarily dissolve the company and liquidate its assets. “The board of directors of DiagnoCure has determined that the liquidation and dissolution is advisable and in the best interest of the corporation and its shareholders,” DiagnoCure Chairman Jacques…
DetailsThe manifold and testing facility at the oilfield in Kazakhstan which Cliq Energy had previously set its sights on. KUALA LUMPUR: Cliq Energy Bhd, which has been named a respondent along with the Securities Commission (SC) in the judicial review application filed recently by Best Oracle Sdn Bhd, will not oppose the review. It will,…
DetailsTHE Insolvency Practitioners Association is to become the first professional body to grant partial licences for practitioners wishing to specialise in either personal or corporate insolvency work. In October 2015, the governments Deregulation Act opened up the insolvency licensing regime to create greater competition and flexibility by allowing specialisation. Given the enabling provisions were enacted…
DetailsWhen it comes to shareholder activism, much attention has been paid to the long side of things — well-known folks like Carl Icahn and Nelson Peltz who take stakes in companies and agitate for changes they feel will unlock hidden value. But how are the shorts doing? These are the investors who make bearish bets on stocks and…
DetailsOil and gas company Linc Energy has been placed into voluntary administration. Administrators PPB Advisory has been called in to work with management on options including a possible restructure. In a statement to the ASX the company said after receiving legal and financial advice, and considering commercial prospects, the board decided it was in…
DetailsArrium’s administrator says he has been overwhelmed by offers of support for the Whyalla steelworks. Photo: Brendan Esposito Some of Australia’s construction heavyweights including John Holland, Lendlease and billionaire Harry Triguboff’s Meriton Apartments have all pledged to buy more structural steel from Arrium to help the collapsed steelmaker. The administrator of Arrium, Mark Mentha, said on…
DetailsClive Palmer has found himself in more hot water. Photo: Supplied The festival of outrage and indignation engulfing Clive Palmer and the collapse of Queensland Nickel constitutes hypocrisy of the first order. Not to belittle the plight of Clive’s workers’ and creditors, nor to make light of his reckless extravagance, but claims of a disgraceful…
DetailsPublished 15/04/2016 | 02:30 Donald Trump has done it three times and there’s every chance he’ll be a nominee for US President yet. But on this side of the pond, bankruptcy still has a stigma attached, a shame that is hard to shift. Share Go To Despite the launch of the Insolvency Service and legislation…
DetailsIndustry Business rescue presents an opportunity for a more flexible approach to company restructuring. Keren Watson | 15 April 2016 00:50 Business rescue presents an opportunity for a more flexible approach to company restructuring. A number of corporate steps can be taken to restructure a company. These include the issue of shares, a change in the terms or…
DetailsTheres a lot of bad news out of corporate America these days. Bankruptcies are increasingly common, companies are struggling to make on-time interest payments and the latest earnings reports are expected to be disappointing. So its rather odd that investors are flooding into the most distressed bonds, with the debt set for its best two-month…
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