Restructuring an international group of companies in Europe continues to be challenging. While companies can transact business freely across European borders, coordination between the stakeholders involved in a cross-border restructuring has proved to be difficult. The cross-border restructuring of a corporate group is often complicated by a multitude of individual liquidation proceedings spread…
Creditors across the border will have to wait to be part of the insolvency process in India.While the sections pertaining to cross-border insolvency in the Insolvency and Bankruptcy Code have been notified, the rules are yet to be framed. M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI), says…
Pimenton mine in Chile goes bankrupt High-grade gold mine runs out of cash Andrew Topf | Jun. 2, 2017, 11:43 AM | | One of the world’s highest-grade gold mines has been closed and its operator has declared bankruptcy due to a lack of working capital. The Pimenton mine, owned by Toronto-based Cerro Grande Mining (CNSX:CEG),…
June 2nd, 2017 Jason Jiang Greater China, Operations 0 comments China Cosco Shipping Holdings has further extended its stock trading suspension today, following a trading suspension by the company since May 17. The Chinese shipping conglomerate has confirmed that it is planning a major asset restructuring and there are still lots of uncertainties in the…
Investors in a California mortgage company are so dissatisfied with its returns that theyre demanding the company liquidate itself, according to a news release. In an open letter to Owens Realty Mortgage, Freestone Capital Management which, together with its affiliates, owns about 7.6% of Owens outstanding shares slammed Owens management for questionable decisions and its…
New appointments to the debt centre team in Gillingham means more people can have access to the help they need to escape their financial troubles. The North Dorset CAP debt centre in Gillingham high street now has two debt coaches: Claire Snowdon and Hannah Gibbons. In addition Graham Palmer is the new administrator. This means…
Galway Bay fm newsroom 190 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years. Thats according to the latest report from the Insolvency Service of Ireland. The report cover the period from the beginning of 2014 to the first quarter of this year. It reveals that 84 people…
Stock Exchange ReleaseTalvivaara Mining Company Plc2 June 2017 The District Court of Espoo confirmed Talvivaara’s Corporate Restructuring Programme – the development of Talvivaara’s new businesses and acquiring finance continues Talvivaara Mining Company Plc (“Talvivaara” or the “Company”) announces that the District Court of Espoo has today 2 June 2017 given its ruling and…
THE operator of a Perth restaurant chain has been fined nearly $40,000 for underpaying the foreign workers she employed. The operator and franchise owner of several well-known Hans Cafe restaurants, Tram Hoang Han, and several companies she was a sole director of, have been fined a total of $37,500 in the Federal Court of Australia. Hans…
By Giles Parkinson on 2 June 2017 The future of the largest retailer of rooftop solar modules, Eurosolar, is in doubt after the companys parent entity was served with a winding up order application by the Australian Tax Office. The notice was served through law firm Hunt & Hunt to P & N NSW Pty Ltd which the…