Howard and Aidan Barclay have been given six weeks to reach an agreement with creditors after HSBC launched bankruptcy proceedings over debts linked to the collapse of the family’s logistics empire. At a High Court hearing on Tuesday, Mr Justice Michael Briggs granted the brothers until 17 March to circulate proposals for individual voluntary arrangements…
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Macquarie Asset Management is in the final furlong of picking a lender syndicate that would do the heavy lifting on its $11.6 billion bid for ASX-listed logistics group Qube. The Silver Doughnut’s investing arm is preparing to borrow about $5 billion from debt markets to fund the take-private, according to people familiar with the arrangements…
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REVEALED: Latest business liquidations in Whitehorse Herald Sun Read the original article here
Over the last 12 months, a number of travel companies in both the U.S. and Europe have ended up having to shut down amid a market of poor consumer sentiment and strong competition. Icelandic tour company Tango Travel was left incapacitated by the earlier bankruptcy of partner Play Airlines and shut down in November. Swedish travel company MixxTravel…
Tony Chow Zhong Lun Law Firm has recruited Tony Chow as a partner at its Hong Kong office, further reinforcing its capabilities in dispute resolution in the city. Before joining Zhong Lun, Chow led the contentious insolvency practice at Freshfields’ Hong Kong office for two years, following a tenure as director of restructuring and insolvency…
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Rockit apple grower owes $12m: ‘Should be liquidated’, administrator says BusinessDesk | NZ Read the original article here