Ura Menndez lawyers review the extraordinary measures taken by the Spanish government to protect businesses and citizens 1MIN READ: As many other countries, Spain has adopted a number of emergency measures to cope with the Covid-19 outbreak, with the main purpose of protecting public health, on the one hand, and mitigate the damages on the…
Collapsed Estonian peer-to-peer lenders Envestio and Kuetzal have officially been declared bankrupt. Business registry documents in Estonia show Andres Hermet was appointed as bankruptcy trustee for both companies this month. The move means investors will have to file claims with the bankruptcy trustee to try to get their money back. Claims forms can be obtained…
Australia Post restructure threatens over 2,000 jobs By Oscar Grenfell10 June 2020 A sweeping restructure by Australia Post, the countrys government-operated postal service, threatens up to 2,500 jobs, along with wage reductions and further attacks on working conditions. Postal workers were informed at briefings called by management last week that one in four postal delivery…
The head of the International Monetary Fund called on private creditors to join the Group of 20 in providing debt relief for the world’s poorest nations, saying that the alternative to suspension and restructuring is defaults. A debt-service suspension would provide time for restructuring debt on a case-by-case basis in countries where debt sustainability needs…
To paraphrase Winston Churchill, it is curious to see The Warehouse Group (TWG) not letting a good crisis go to waste. Despite recently receiving NZ$68 million in government wage subsidies as a result of the COVID-19 lockdown, TWG has now proposed store closures and more than 1000 staff layoffs across its Warehouse, Noel Leeming and…
A GROUP of subcontractors badly impacted by the collapse of builder Ri-Con Contractors, has engaged investigators to prepare a brief of evidence in a bid to force a criminal investigation into events leading up to the company’s liquidation. The subbies had been working on jobs for which Gympie, Noosa and Sunshine Coast councils were clients.…