Twin Butte Energy announces receipt of notice of intention to enforce security and receivership application – MarketWatch

CALGARY, Aug. 30, 2016 (Canada NewsWire via COMTEX) — Twin Butte Energy Ltd. (TBE) (“Twin Butte” or the “Company”) announces that following the results of its meeting of securityholders held on August 29, 2016, whereby (among other things) the debentureholders of Twin Butte did not approve a proposed plan of arrangement in respect of Twin…

Woolworths and Lowe’s face off in court – The Australian Financial Review

Woolworths’ deal to sell off Masters stores and sites has been complicated by legal action by Lowe’s. Wayne Taylor Woolworths and its home improvement partner Lowe’s Companies will face off in court on Wednesday over a $835 million deal to sell Masters stores and sites to a consortium of property developers. After seven months of negotiations, Lowe’s took Woolworths by surprise…

Oil-Deal Score Helps Aubrey McClendon’s Heirs Hang on to NBA’s Thunder, for Now – Wall Street Journal

Aug. 30, 2016 7:15 p.m. ET Even as Aubrey McClendon grappled with collapsing crude prices in the months before his unexpected death in March, the energy titan mortgaged his familys marquee asseta stake in the Oklahoma City Thunder basketball teamto make one more deal. Now, that investment has paid off, with a small energy producer…

Security register still worthwhile – Farm Weekly

A LEADING proponent of the personal property security register (PPSR) and purchase money security interests (PMSIs) as means of managing counterparty risk in the grains industry has defended the products from claims they are not worth the effort. Chris Heinjus, director with South Australian-based agribusiness Rural Directions, said using the government-backed mechanism would at very…

NWT company seeking pension relief amid insolvency proceedings – Benefits Canada

Jennifer Paterson | August 30, 2016 As the Northern Transportation Co. Ltd. seeks protection from its creditors amid financial difficulties, the Public Service Alliance of Canada and the Union of Canadian Transportation employees have retained a law firm to represent the pension interests of its employee members and retirees as insolvency proceedings move forward. The company, which…

Kerala prohibition policy: Revenue from liquor sales could help state deal with its massive debt – Firstpost

The Communist Party of India (Marxist)-led Left Democratic Front (LDF) government’s move to review the previous government’s phased prohibition policy in Kerala has not created big ripples across political circles in the state. Barring Kerala Pradesh Congress Committee (KPCC) president VM Sudheeran, who incidentally imposed the policy on the United Democratic Front (UDF) government by…