Share Tweet Share Share Email Seven West Media has reported the companys financial results for FY17. Commenting, the managing director and CEO Tim Worner said: Our results reflect a tough market, one that continues to change at pace, but a pace that we must match in our transformation. Despite these tougher conditions, we continue to lead…
The retired solicitor at the heart of a repossession standoff over his former south Dublin home is set to exit bankruptcy this month. Brian ODonnell and his wife, Mary Patricia, were declared bankrupt by the High Court in August 2013 after the family amassed debts of 71 million. The finding was later confirmed by the…
Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens, government minister Matt Canavan, One Nation senator Malcolm Roberts and deputy prime minister Barnaby Joyce. It rules out anyone with allegiance, obedience,…
Payless ShoeSource today announced that its North American entities have successfully emerged from its Chapter 11 restructuring as the number one specialty footwear retailer in the United States and one of the largest in the world. It has about 3,500 brick and mortar stores, 400 of which are in Latin America and the Caribbean. It…
Lanco Infratech Ltd, against which Corporate Insolvency Resolution Process has been initiated, has said that the management of the affairs of the company vests with Savan Godiawala, who has been appointed as the Interim Resolution Professional. Mr.Godiawala was appointed as the IRP with effect from August 7, under the provisions of the Insolvency and Bankruptcy…
On August 9, the Allahabad bench of National Company Law Tribunal (NCLT) admitted an insolvency plea of IDBI Bank relating to default of Rs 526.11 crore loan by Jaypee Infratech in its Wishtown project in Noida. NCLT has appointed Anuj Jain as the Interim Resolution Professional (IRP) to carry out the proceedings under the Insolvency…
Hundreds of homebuyers of Jaypee Infratech Group decided legal and political action on Tuesday after the private housing major in Noida teetered on the brink of insolvency. Around 500 of them gathered at a park in Sector 15A to chalk out a plan after the National Company Law Tribunal admitted the insolvency petition filed by…
Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as to the number of employees who could be retrenched. However, it…
Air Berlin has filed for insolvency and is in discussions with Lufthansa and the German government to rescue parts of its business, after its largest shareholder Etihad said it would not provide any further funding for the struggling airline. Germanys second-largest carrier has struggled to compete with low-cost rivals and has been kept in the…
By Richard Weiss and Tom Lavell August 15, 2017, 7:19 AM EDT August 15, 2017, 8:18 AM EDT Air Berlin Plc filed for insolvency after leading shareholder Etihad Airways PJSC withdrew its financial support, marking the second failure of a major European airline in four months after the Persian Gulf carrier pulled the plug on…