Earlier this month, Mountain Sounds festival announced its cancellation just one week out from the event. The festival cited The NSW Governments and Premier Gladys Berejiklians war on festivals as the reason for its cancellation. Industry whispers also suggested that the festival suffered poor ticket sales. Now,Music Feeds has reported that the festival is in…
By DAVID MWEREMore by this Author An Italian firm contracted by the national government to construct the multibillion Itare Dam within Nakuru County has denied claims that it is broke. In a statement to newsrooms, CMC di Ravenna said that neither itself nor its subsidiaries have been declared bankrupt or insolvent. CMC has voluntarily engaged…
Makeup artist Napoleon Perdis has actioned a Deed of Company Arrangement after placing his self-titled beauty brand in voluntary administration in January. Perdis, who will steer the business as creative director, hopes to grow the brand to a level which will allow it to compete globally. The arrangement will bring the company back under the…
Lendlease said on Monday the engineering and services business would be reported as non-core in the fiscal 2019 results and beyond following a strategic review. Restructuring the overall business could cost between $450 million and $550 million before tax, it said. Loading The company expects its earnings from the development segment to be skewed to…
NEW YORK, Feb. 24, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
By PTI MUMBAI: There is a need to strengthen the insolvency resolution process by having deterrents against failure or delays in implementing resolutions plans, a report said Monday. In the last two years, Insolvency and Bankruptcy Code (IBC) was implemented, three concluded corporate insolvency resolution process (CIRPs) being brought back to the National Company Law…
According to a Freedom of Information request made by real estate adviser Altus Group, a total of 298.07 million was paid out by The Insolvency Service to former employees of business which ran into trouble during 2018. It was the highest level for five years, with the high street crisis contributing to the increase. The…
Tens of thousands of students are using their loans to gamble in a bid to top up their funds,with many ending up in debt to the tune of 5,000 or more, a new report suggests. Students are increasingly turning to gambling as the student support provided by the government has failed to keep up with…
PepsiCo is undoubtedly one of the largest companies in the world who has a huge dominance over cold drink industry. However, according to recent reports PepsiCo has decided to do mass layoff of its employees because of its restructuring plan. PepsiCo has recently started a restructuring plan which is going to cost company millions…
Answer: Bankruptcy is not uncommon – particularly since the recession. There were 473 bankruptcy adjudications in 2017 in Ireland, according to the Insolvency Service of Ireland – so you are not alone here. However, your experience with insurers is not an anomaly – many of the mainstream home insurers will not provide cover to someone…