A waste-to-energy company hoped to be a future for Sault Ste. Marie’s garbage has gone into receivership. Elementa Group Inc. appeared in an Ontario Superior Court of Justice on Dec. 21 after its former lawyers Bennett Jones, filed a petition with the courts that declared them insolvent. Ontario Superior Court of Justice Glenn Hainey ordered…
(ANSA) – Rome, January 4 – Industry Minister Federica Guidi on Monday signed a decree putting up for sale companies and plants in the troubled ILVA steel group. The tender for expressions of interest will be published Tuesday, sources said. Earlier this month the cabinet extended an environmental cleanup deadline for ILVA in order to…
The number of companies declared insolvent in Galway City and County in the first nine months of 2015 dropped slightly on the same period in 2014. Statistics compiled for the Connacht Tribune for the first nine months of the 2015 the most up-to-date figures available shows there were a total of 38 insolvencies recorded in…
A Chinese government-backed shipbuilder Zhoushan Wuzhou Shipyard has been declared bankrupt by a local court in Zhejiang province, reports said. Zhoushan Intermediate Peoples Court said it has accepted a filing by Zhejiang Shipping Group regarding the bankruptcy of Wuzhou Shipyard, one of its subsidiaries. The latest case makes Wuzhou Shipyard the first state-backed shipbuilder to…
Syrian-born Simon Halabi was director of a UK property firm in the 1980s before becoming Britain’s 14th richest man At his peak he was worth more than £3billion and owned stately home, Mayfair homes, luxury yacht and fleet of cars But was declared bankrupt in 2010 after failing to pay £56m bank loan – last…
TALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nations state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first…
©Bloomberg The rate at which UK property companies entered insolvency reached its highest point in six years in 2015 as rising property values prompted lenders to put zombie companies out of their misery and reclaim their assets. Some 346 property companies went out of business in the second quarter of 2015, the most recent period…
YOURSAY | Part of our prized assets is sold to China, wouldn’t your pride be dented? Najib: As promised, 1MDB’s winter is over Saya Pun Nak Cari Makan: On the contrary, PM Najib Abdul Razak. Your nightmare has just begun. In the first place, where has the billions in cold cash disappear to? Selling an…
The Alberta Securities Commission. Grant Black / Calgary Herald Share Adjust Comment Print An Edmonton-area man who raised $10.8 million from about 125 investors with a promise of 18 per cent annual returns has been fined $1 million and permanently banned from trading securities or acting as an officer of an issuing company. Wade Robert…
Dutch V&D department store business goes bust 31 December 2015 From the section Business Image copyright AFP Vroom & Dreesman, the largest Dutch department store chain, has declared itself insolvent. The company employs about 10,000 staff at 67 stores and hopes to remain open after a reorganisation of the business. “Together with the curators and…