BC Iron shuts Pilbara Mine Iron ore miner BC iron has announced that it will be shutting its Pilbara mine as a result of poor commodity prices. Hundreds of jobs are at risk after the company confirmed that it will suspend production at its Nullagine operations. The suspension is set to come into effect during…
NEW YORK/HOUSTON Dec 14 Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to slash debt or file for bankruptcy. At least two investment banks and one law firm have bulked up…
NEW YORK/HOUSTON Dec 14 Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to slash debt or file for bankruptcy. At least two investment banks and one law firm have bulked up…
MARTY SHARPE Frimley Estate, on the northern edge of Hastings. The development is not complete, and has not been a success for investors. An unsuccessful property development in Hastings has been put into liquidation with a judge saying those running the company appeared to be rewarding themselves rather than meeting obligations to creditors. Frimley Estate…
The Supreme Court on Friday agreed to hear two related cases that could help Puerto Rico restructure some of its debt under the Recovery Act, a local law that a coalition of creditors has said is preempted by federal bankruptcy law. An appeals court in July agreed with the creditors and ruled that Chapter 9 of…