HOUSTON, Nov. 17, 2020 /PRNewswire/ –Luby’s, Inc. (“Luby’s” or the “Company”) (NYSE: LUB), announced that at a special meeting of stockholders held earlier today, stockholders approved the Company’s plan of liquidation and dissolution (the “Plan of Liquidation” or the “Plan”) that provides for the sale of the Company’s assets and distribution of the net proceeds…
Virgin Australia will become a “mid-market” airline complete with three levels of in-cabin seating under a plan unveiled by the airline’s new CEO. Just a day after the sale of the airline was completed to American investment firm Bain Capital, incoming CEO Jayne Hrdlicka took the sheets off what will be Virgin’s new strategy. Under…
Prime Minister Mia Amor Mottley has joined the call for debt relief to be extended beyond the poorest countries to middle-income countries. Speaking at the virtual launch of the ‘Debt Relief for Green Recovery’ Report, Mottley stated that middle-income countries were making sacrifices every day in choosing sustainability and resilience over the cheap and easy…
Brynne Edelsten reveals surprising new job after going bankrupt and ‘living on a budget’ following divorce from multi-millionaire Geoffrey Has Brynne Edelsten served you at a bar recently? Email: [email protected] By Candice Jackson For Daily Mail Australia Published: 09:43 AEDT, 18 November 2020 | Updated: 10:31 AEDT, 18 November 2020 View comments She was once…
MANCHESTER A company that handles business liquidations has listed the Sears store by Buckland Hills in Manchester as closing. No timeline is included in the listing by SB360 Capital Partners, which includes six other Sears stores nationwide. A representative of SB360 could not be reached and Sears did not respond to requests for more information,…
Totalbrand Limited (the company) entered creditors’ voluntary liquidation on 28 July 2016. The liquidators of the company assigned certain rights of action to Cage Consultants Limited (CCL) under s.246ZD of the 1986 Insolvency Act (IA86). These rights of action included claims against the directors of the company for misfeasance, and claims under IA86 relating to…
The introduction of the Corporate Insolvency and Governance Act 2020 (CIGA) in June 2020 was one of the many preventative measures taken by the UK Government in an attempt to safeguard the economy in the wake of the global Covid-19 pandemic. Its primary purpose is to provide breathing space to businesses during the pandemic as…
09:0117 Nov An Australian man has been jailed for 7 years for kidnapping a 12-year old child after claiming he had no other option to recover a $5.5million gambling debt he was owed. 55-year old Zhen Jie Zhang apologised to a Queensland court this week for the ordeal suffered by the young boy, stating through…
This round-up collates the information, analysis and guidance relating to insolvency issues shared by our Construction and Restructuring, Insolvency and Bankruptcy teams during the COVID-19 pandemic. For further information on any of the issues below, please get in touch with one of the Key Contacts. Few construction projects have been left untouched by the effects…
Virgin Australia faces challenging business and aviation environments but is in the best possible place to meet those challenges, lead administrator Vaughan Strawbridge said as the airline officially changed hands late Tuesday. Australias second carrier is now officially under the control of new US owners Bain Capital after the airlines shares and businesses were transferred…