Daily News View All News September 10, 2020 Professional staffing provider Resources Connection Inc. (NASDAQ: RECN), which operates as Resources Global Professionals, announced that its board on Sept. 2 approved the continuation of the companys restructuring efforts, focusing presently on its European business. Similar to the restructuring initiatives in the companys North America and Asia…
A sign marks the location of the Quapaw House Mountain Pine Road facility on Wednesday. – Photo by Richard Rasmussen of The Sentinel-Record Garland County Circuit Judge Lynn Williams last week found Quapaw House Inc. insolvent and appointed a receiver to take charge of its property, according to court filings. “From the pleadings before it,…
Troels Tuxen of law firm Bech-Bruun continues as trustee of a series of the Stadil family’s bankrupt estates. The Eastern High Court in Denmark has upheld a decision which declared the original trustee disqualified to act in the case. Photo: Jens Dresling/Ritzau Scanpix Log in to read our articles Welcome to ShippingWatch. A part of…
By Janene Pieters on Thursday, 10 September 2020 – 12:25 The number of companies declared bankrupt in the Netherlands decreased further in August to the lowest number in 21 years, Statistics Netherlands reported on Thursday. This likely has to do with the government’s coronavirus support packages, rescuing companies that may have gone bankrupt even if…
Introduction Bankruptcy through debt enforcement Bankruptcy by petition of the company More time to initiate restructurings and avoid bankruptcy due to COVID-19 Introduction Two main avenues exist for opening bankruptcy proceedings over a Swiss company: a creditor can initiate the procedure via debt enforcement; or the company can file a petition for bankruptcy with the…
Under normal circumstances, directors have a strict duty to cease trading if their company is facing insolvency and may face financial or legal liabilities if they seek finance instead of doing so. In June, the government introduced emergency coronavirus legislation to suspend the threat of liability for such ‘wrongful trading’. This protection runs out on…
A Brisbane special effects company which worked on Hollywood blockbusters, including Peter Jackson’s King Kong, has gone into liquidation. SLB Media, trading as Steve Boyle Studios, collapsed this week owing $55,873 to four creditors following a major downturn in the film industry. Company owner Steve Boyle, a long-time employee of the film industry, worked on…
Datuk Shabudin Yahaya said a total of 945 youths were declared bankrupt between January and July this year. Bernama pic KUALA LUMPUR, Sept 10 A total of 945 youths, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Ministers Department, Datuk Shabudin Yahaya.…
Reports in the British media have indicated that Big Four firm Deloitte has commenced secret talks mooting the sale of its UK restructuring division, even as the coronavirus pandemic looks set to see its profitability surge. The news comes shortly after Deloitte announced thousands of job cuts across its international organisation, as it looks to…
Seven West Media (SWM) is restructuring itscorporate affairs and publicity function, bringing in consultants and cutting from the top. GoingisJulia Lefort, the director of corporate affairs and publicity. Shoebridge Knowles Media Group, founded byNeil Shoebridge, a formerdirector of corporate and public communications at Network Ten, has been appointed as a consultant. The brief is to…