The proposals were set out in a consultation document designed to seek views on how to tackle “those who own or manage” companies who cause the companies to engage in “tax avoidance, evasion or repeated non payment of taxes” and then use the insolvency process so that the company avoids paying the tax. In some…
17 August 2018 17:11 (UTC+04:00) 345 By Trend Sino plant producing refrigerators in Uzbekistans Samarkand city was declared bankrupt upon the court decision, the Uzbek media reported citing the Uzbek plant. The plant with the capacity of 250,000 refrigerators per year opened in 1973. During the times of the Soviet Union, the plant produced “Pamir”, “Samarkand”,…
By David McHugh|AP, FRANKFURT, Germany Greece officially completes its bailout program on Monday, after eight years of cutbacks enforced in return for massive loans and following an economic collapse on the scale of the Great Depression. The exit is a welcome milestone. But it offers little assurance that the 19-country euro currency…
Campbell Soup has tapped investment bank Goldman Sachs to look at the possibility of selling off some of its businesses to help pay down debt left in the wake of its $6.1 billion acquisition of pretzel maker Snyder’s Lance earlier this year, people familiar with the review tell CNBC. The company’s shares tumbled as much…
Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic. BELGRADE (Serbia), August 17 (SeeNews) – Serbia’s Bankruptcy Supervision Agency is inviting bids for the purchase of assets of insolvent iron casting company FAP Livnica, the agency said on Friday. The estimated value of the assets of FAP Livnica for sale stands 461.1 million dinars ($4.5…
Chinas banking regulator has instructed the countrys four state-owned bad loan managers to deal with failing peer-to-peer lending platforms, a sign of Beijings concern about possible financial and social instability from the shadow banking sector. Hundreds of P2P platforms have collapsed in recent months due to borrower defaults and fraud by platform operators. The defaults…
Food delivery company Foodora has gone into voluntary administration in a move it says will put legal action against it on hold. Foodora Australia, which is fighting a landmark test case on the rights of workers, said voluntary administration would give it “essential breathing space”, including a suspension of claims against it. Foodora has announced it…
SAN FRANCISCO, Aug. 16, 2018 /CNW/ – Customer experience solutions and software company McorpCX, Inc. (TSXV: MCX, OTCQB: MCCX) (“McorpCX” or the “Company“) today announced second quarter ended June 30, 2018 results, as well as management changes and a corporate restructuring. SECOND QUARTER 2018 FINANCIAL RESULTS Select financial highlights for the three and six months ended…
Food delivery company Foodora has gone into voluntary administration in a move it says will put legal action against it on hold. Foodora Australia, which is fighting a landmark test case on the rights of workers, said voluntary administration would give it “essential breathing space”, including a suspension of claims against it. Foodora has announced it…
Food delivery company Foodora Australia has entered voluntary administration just two weeks after announcing it will cease Australian operations on 20 August. The company appointed Simon Cathro and Ivan Glavas of Worrells Solvency and Forensic Accountants as voluntary administrators on Friday, 17 August. Advertisement The move will effectively suspend the ongoing sham-contr… Read the full article at: https://www.hospitalitymagazine.com.au/foodora-placed-in-voluntary-administration/