Victorian milk brokering company National Dairy Products has appointed a voluntary administrator, a week on from farmer suppliers staging a mass exodus because they were owed money. NDP managing director Tony Esposito said he hoped Deloitte Restructuring Services would help to “restructure the business and continue on”. Along with farmers and transport companies…
Deloitte Restructuring Services partners, Glen Kanevsky and Sal Algeri, were appointed voluntary administrators of NDP early this morning. Glen Kanevsky, Voluntary Administrator and Deloitte Restructuring Services partner said it was early days, as far as our appointment is concerned. We are aware of recent media reports related to the companys operations, but it would be inappropriate for us to…
Univision Communications will lay off almost 6 percent of its workforce, or between 200 and 250 people, the Washington Post reports. The layoffs, on both the business and editorial sides, impacting staffers in both New York and Miami, are in response to difficult times, challenging times, said Isaac Lee, Univisions news, entertainment and digital chief.…
BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–Mackinac Partners, a leading financial advisory, turnaround management and restructuring firm has expanded its practice with a new office in Boston, Massachusetts. The firm also announced the addition of highly accomplished turnaround and restructuring executive Matthew Pascucci to the firm as a Managing Director. Pascucci is based in Boston and joins Senior…
LIMA, PERU(Marketwired Nov. 16, 2016) Minera IRL Ltd (Minera IRL or Company) (BVLAC:MIRL) provides an update on corporate developments and response to certain media speculation. History and progress to restore trading of Company securities and restore Exchange listings In 2015, resulting from a failure by the former board of Minera IRL to file the second…
Nov. 16, 2016 4:52 p.m. ET Dozens of former writers and editors at Gawker will receive a legal shield designed to protect them from lawsuits arising from stories they wrote for the entertainment and gossip website in return for backing the companys liquidation plan. Gawker and its sister sites had been the focus of a…
The Supreme Court has prevented the Bahamas being perceived as a parochial, quirky jurisdiction for international business through its recent ruling on a $33 million insolvency dispute, a former attorney general said yesterday. John Delaney QC told Tribune Business that had the verdict in favour of his client, Wason Holdings, been reversed, it could have…
The Ruralco farm supplies, agency and water equipment group added 19 new business to its network during the past year. Hot on the heels of its $14.1 million management shake up to strip out excess costs, Ruralco has set itself a busy agenda to make up ground after reporting a 70 per cent net profit slump…
LIMA, PERU–(Marketwired – Nov. 16, 2016) – Minera IRL Ltd (“Minera IRL” or “Company”) (BVLAC:MIRL) provides an update on corporate developments and response to certain media speculation. History and progress to restore trading of Company securities and restore Exchange listings In 2015, resulting from a failure by the former board of Minera IRL to file…
MORE people in Swindon struggling with unmanageable debts are turning Citizens Advice Swindon, leading the charity to call for people to seek help before they reach crisis point. Citizens Advice Swindon has helped 1,169 people with debt issues in the last 12 months. Of those, 236 people sought advice on debt relief orders a rise…