A year after being declared bankrupt, Independent TD Mick Wallace is scheduled to walk away from debts of more than 30m, writes Elaine Loughlin. Wallace leaves behind debts of 30m as he exits bankruptcy Mr Wallace was adjudicated a bankrupt at the High Court on December 19, last year on foot of a 2m judgment…
SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced a series of restructuring actions designed to sharpen the companys strategic focus and establish a more cost-efficient operating structure. As part of these changes, Immersion plans to take the following steps: Significantly reduce its presence in China…
With effect from 23 November 2017 Parekh Aluminex announced that Corporate Insolvency Resolution Process has been initiated under the provision of Insolvency and Bankruptcy Code, 2016 by an order of the National Company Law Tribunal with effect from 23 November 2017. The powers of the Board of the… Read the full article at: http://www.business-standard.com/article/news-cm/parekh-aluminex-intimates-of-initiation-of-corporate-insolvency-resolution-process-117122000985_1.html
A cocaine dealer who said he was drawn into selling the drug to pay off gambling debts is in prison. Darren Stewart, 29, made an abrupt U-turn in a VW Golf when he saw police on Overdale Road, Park End , Middlesbrough. An officer spotted him, became suspicious and followed the evasive lone driver along…
MILWAUKEE–(BUSINESS WIRE)–Actuant Corporation (NYSE: ATU) today announced results for its first quarter ended November 30, 2017. Highlights Consolidated sales increased 9% over the comparable prior year quarter with a 3% benefit from foreign currency rate changes. First quarter core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 6%…
The Construction, Forestry, Mining and Energy Union says construction company Grocon has not paid several groups of sub-contractors in Queensland for six to eight months, as concerns about the company’s future continue to simmer. Some contractors working on the group’s Queensland projects such as the Parklands Project, which forms the athletes’ village for next April’s…
HK: Ashurst snaps up restructuring partner from White & Case | Asian Legal Business HK: Ashurst snaps up restructuring partner from White & Case Ashurst has hired restructuring specialist Damien Whitehead as a partner in… Read the full article at: http://www.legalbusinessonline.com/appointments/hk-ashurst-snaps-restructuring-partner-white-case/75212
As previously disclosed, on October 4, 2017, the Company filed a definitive proxy statement for a special meeting of its stockholders, which was held on October 26, 2017 (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved an asset purchase agreement for the sale of substantially all of the Company’s assets (the “Asset Sale”)…
Diamond and precious metals dealer Alejandro “Alex” Mendieta has been ordered by the Supreme Court of Victoria to pay more than $190,000 to the owner of five precious stones that appear to have vanished. The court order handed down on December 15 is the latest setback for Mr Mendieta, who was charged with receiving stolen…
Australia’s household debt is among the world’s highest, and according to the Australian Securities and Investments Commission (ASIC) we owe more than $30 billion on our credit cards alone. Today, the Australian Bankers Association (ABA) outlined its strengthened code of conduct, and there’s a big focus on credit cards, including proposed changes to unsolicited…