March 24, 2017 - Page 2 of 2 - Insolvency Guardian

Rockwell Diamonds: Three Rockwell Subsidiaries Have Interim Liquidation Order Issued by Court in Kimberley, South … – Junior Mining Network

LiquidationBy Insolvency Guardian March 24, 2017

VANCOUVER, March 24, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) announces that a judge in Kimberley South Africa issued an interim liquidation order against three subsidiaries of the Company yesterday. The interim orders, which have to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC…

South Africa: Explainer – How a Special Tax Could Protect South Africa From Systemic Risk – AllAfrica.com

BankruptcyBy Insolvency Guardian March 24, 2017

interview By Co-Pierre Georg, University of Cape Town and Qobolwakhe Dube Is South Africa safe from systemic risk in its financial system? Systemic risk can lead to the collapse of financial markets as happened in the 2008/09 global financial crisis. In a new study Qobolwakhe Dube and Co-Pierre Georg provide new insights into the extent…

ShangPharma Announces Strategic Corporate Restructuring of Shanghai ChemPartner – Yahoo Finance

RestructuringBy Insolvency Guardian March 24, 2017

SHANGHAI , March 24, 2017 /CNW/ — ShangPharma, a leading life science partnering organization providing high-quality and cost-effective drug development and discovery services, technology, and investment for the pharmaceutical and biotechnology industry, announced today the intent for a strategic corporate restructuring. ShangPharma will be consolidating the Contract Research Organizations (CRO) and Contract Manufacturing Organizations (CMO)…

Smiths Group boosted by sterling weakness and restructuring – Financial Times

RestructuringBy Insolvency Guardian March 24, 2017

The weak pound boosted half-year revenues at Smiths Group, while moves to improve focus at the sprawling FTSE 100 engineering conglomerate led to better underlying profits. A lower sterling exchange rate meant an 18 per cent jump in revenue to £1.62bn in the six months to the end of January, although the figure was flat…

Samsung Backs Away From Planned Corporate Restructuring – NDTV

RestructuringBy Insolvency Guardian March 24, 2017

The world’s biggest smartphone maker Samsung, assailed by a shambolic recall and embroiled in South Korea’s wide-ranging corruption scandal, on Friday backed away from a planned corporate restructuring. Following the embarrassing recall of the Galaxy Note 7 smartphone and under pressure from activist shareholders to improve corporate governance, Samsung Electronics said last year that it…

Parents in debt helping seven-year-old, 75-kilogram girl lose weight – Global Times

Debt HelpBy Insolvency Guardian March 24, 2017

Seven-year-old girl Xiao Yun receives treatment to lose weight in Changchun City, the capital of Northeast Chinas Liaoning Province. Xiao Yun was just 12.5 kilograms at three years old, but she started to gain weight quickly, at a rate of 10 kilograms a month, at four years old. Now seven years old, she is already…

Profits ‘impossible’ in reformed training market, says exiting entrepreneur – The Age

LiquidationBy Insolvency Guardian March 24, 2017

Not even a BRW young rich lister can make a profit in the recently reformed vocational education market. Ryan Trainor, chief executive of registered training organisation Republica Education, has closed the doors of one of his private colleges, Tractor Design School, claiming the federal government’s reforms to the scandal-plagued sector made it impossible to make money. Ryan Trainor, Founder and…

Landmark ruling on collapsed company a blow for taxpayers – The Sydney Morning Herald

BankruptcyBy Insolvency Guardian March 24, 2017

The taxpayer is set to wear a heftier price tag from failed companies after a landmark ruling on employee entitlements. In a key Supreme Court of Victoria ruling this week, Justice Ross Robson found the receivers to the company Amerind should not reimburse $3.8 million to the Commonwealth as a priority creditor. Employment minister Senator Michaelia…

Daily Archives: March 24, 2017