(The Source) Suspended chief executive of Croco Holdings, one of Zimbabwes largest automobile dealers, Farai Matsika has been declared insolvent in South Africa. Matsika was declared insolvent by the South African High Court, according to court papers seen by The Source on Wednesday. Matsika was suspended as chief executive of Croco Motors in January this…
Shine Lawyers CEO Courtney Petersen says the company has been working to strengthen its financial reporting. supplied Courtney Petersen, the chief executive of Shine Corporate, says the listed law firm took a hit from the unravelling of Slater & Gordon but reassured the market the company is in a much safer position than Slaters. Speaking for the first…
LONDON (HAN) August 24.2016. Public Diplomacy & Regional Security News. Maritime resources investment and development. By. , Jillian Ambrose, telegraph. Soma Oil is facing a funding black hole which threatens to drag the Somali explorer into insolvency within months as it continues to battle a bribery and corruption scandal. The UK oil company, chaired by former…
The Deed of Company Arrangement provides can be tailored to specific circumstances and provide great flexibility and ‘breathing space’ for the company. Not sure but suspect your company or business might be headed for the rocks? Try this; open your balance sheet and obtain the list of all the company assets along with their market…
“A lot of headwind over the last eight years”Norfresh declared bankrupt On Tuesday, August 16, the court of ‘s-Gravenhage declared fruit and vegetable trading company Norfresh from Poeldijk bankrupt. “We were very close to an extrajudicial creditors proposal, but one of the creditors didn’t want to wait for this and unfortunately pushed through bankruptcy,” according…
“A lot of headwind over the last eight years”Norfresh declared bankrupt On Tuesday, August 16, the court of ‘s-Gravenhage declared fruit and vegetable trading company Norfresh from Poeldijk bankrupt. “We were very close to an extrajudicial creditors proposal, but one of the creditors didn’t want to wait for this and unfortunately pushed through bankruptcy,” according…
Tip off Fairfax Media’s investigations team The Federal Court has ordered more than $2 million to be paid to bankruptcy trustees of underworld construction identity George Alex in a case that exposed allegations of standover tactics and dodgy deals across Australia’s building industry. Sydney construction identity George Alex. Photo: James Alcock The case involved some of…
The Dutch MVNO OpenMobile was declared bankrupt in July, according to filings with a court in Almere. The company recorded a loss of EUR 248,677 in 2015, and the losses continued into the first months of 2016. OpenMobile launched in May 2015, offering family plans with parental controls. It used the T-Mobile network and Elephant…
Aug. 20, 2016 07:17 Mykola Lagun (R) owned the defunct Delta Bank, which cost Ukrainian taxpayers $622 million in insurance payments to clients who lost their deposits. The Deposit Guarantee Fund said a combination of criminal fraud and bad management accounted for the bank’s epic collapse. But no one has been charged with a crime.…
Hugh Grant and Martine McCutcheon starring in film Love Actually Photo: REX By Emma Wall 10:21AM GMT 12 Feb 2013 Follow Martine McCutcheon, star of Love Actually and once billed as once of Britain’s most successful soap-to-screen stars,…