The CEO of Queensland based distributor E3 Style Vanessa Garrard claims that her Company, has not been placed into liquidation, she claims that E3 Style, which is suffering from cash flow problems, was deliberately placed into voluntary administration. Garrard claims that the Company became the largest licensed electronics distributor in Australia and that her Company…
Reuters on April 25, 2016, 8:07 am By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp , in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc…
Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way so that it could book the 665.5 billion yen ($5.95 billion) proceeds before…
MUMBAI: The Sri Adhikari Brothers (SAB) Group, owned by Gautam and Markand Adhikari, has completed its business restructuring and is ready to list two new resulting companies TV Vision and SAB Events and Governance Now (SAB Events) on the bourses. These are in addition to the existing listed entity, Sri Adhikari Brothers Television Network. “We…
The trustee of the bond issued by Canadian real estate company Urbancorp in Tel Aviv, Reznik Paz Nevo Trusts Ltd., filed an application today for an injunction forbidding any disposition in Urbancorp’s assets. Tel Aviv District Court judge Eitan Orenstein granted the application and issued the injunction. At the end of last week, Urbancorp filed…
JONO GALUSZKA Relevant offers The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor…
British retailer BHS could file for insolvency tomorrow, 25 April, putting thousands of British jobs are on the line. The company employs 11,000 people and operates 164 stores in the UK. Despite ongoing talks with Sports Direct to buy some BHS sites, reports suggest that any buyer would only consider a purchase if it did…
Following a two-day meeting of eurozone finance ministers in Amsterdam, German Finance Minister Wolfgang Schäuble said Greece wont necessarily require an easing of its debt burden. Schäuble said this would apply if the International Monetary Fund and the Germany-led consortium of lenders determine that the countrys debt sustainability is ensured, Bloomberg reported Saturday. A countrys debt sustainability is…
Last week, Detroit, the erstwhile automobile hub of the US, was in the news as it filed for bankruptcy. A tool commonly used in the West to fob off creditors and spurn bad debt, bankruptcy is not a favoured option for most Indians since it is associated with social stigma and embarrassment. However, it may…
A HIGH-FLYING accountants firm has collapsed leaving behind debts to the taxman. Blin Holdings are going through liquidation after Her Majestys Revenue and Customs (HMRC) moved to have the business wound up in February. The company was led by Raymond Blin, one of Scotlands top insolvency experts. He left last year and claims two creditors…