SINGAPORE – More than $198 million in claims have been submitted by creditors to the liquidator of beleaguered online marketplace Qoo10, but only $34,650 has been recovered, according to minutes of the latest creditors’ meeting seen by The Straits Times. Of the sum recovered, $20,000 was from Qoo10’s 11 bank accounts with DBS Bank, $14,150 was…
Hudson’s Bay liquidation on hold as discussions continue to diffuse differences Castanet.net Read the original article here
Zorzi family’s sadness for tradies, staff as builder busts The West Australian Read the original article here
A slowing economy has exposed China’s insolvency regime as a system grappling with outdated legislation, growing cross-border complexities, and a cultural mindset reluctant to change. Yet, within these challenges lie opportunities for reform, writes Luna Jin In an ancient Chinese fable, the renowned physician Bian Que warns a ruler about a minor illness, only to…
THE Pastoralists and Graziers Association of Western Australia is preparing to take back control of its affairs now that its creditors have accepted a Deed of Company Arrangement. Proposed by voluntary administrators RSM Australia, the deed was accepted at the second meeting of creditors held in Perth on March 7. RSM Australia partners Jerome Mohen…
Electric truck firm’s stock sank 95 percent in the year to January and no one stepped in to save it https://www.carscoops.com/author/chris-chilton-cc/
Greenpeace has been found liable for defamation and other claims over protests against the controversial Dakota Access pipeline in 2016 and 2017, and ordered to pay out at least US$660 million, according to multiple media reports. Dallas-based oil and gas company Energy Transfer Partners sued the environmental group, alleging defamation and the orchestrating of criminal…
An Australian childcare chain’s future is being questioned, with panicked parents pulling their children out of one centre as they fear the service is about to go under. The company is facing debts estimated at $17.5 million and 320 jobs are at risk. The chain, which has centres in Victoria and New South Wales, was…
Financial advice key to retiring debt-free: CFS ifa Read the original article here
The small businesses paying the price for free school lunches after the collapse of the main provider Libelle Group. Libelle, which made meals for the government’s revamped programme, has gone bust owing more than $14 million to dozens of creditors. Liquidators Deloitte said one of the failed company’s biggest problems was scaling up too fast…