Signa, co-owner of Chrysler Building, files for bankruptcy

Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe’s property crash. Controlled by Austrian magnate Rene Benko, the group is an owner of New York’s Chrysler Building as well as several high-profile projects and department stores across Germany, Austria and…

Liquidation fails again – Local Matters

A second attempt in the Auckland High Court to place Gulf Harbour Country Club’s owner Long River Investments into liquidation has failed, after the company paid what was owed. The first attempt, in May, by Inovagen which operated the café at the former club, sought $20,000-$25,000. That amount was paid at the last minute. This…