Castor Marine saves troubled SeaVsat in bankruptcy acquisition – Riviera Maritime Media

Satellite communications on a North Sea platform supply vessel (source: Eidesvik) 01 Dec 2020byMartyn Wingrove Castor Marine has stepped in to save SeaVsat, which provides satellite internet access to offshore vessels and rigs, through an acquisition from administrators Netherlands-headquartered SeaVsat was declared bankrupt on 23 November, leaving customers at sea in uncertainty about their connectivity…

Aussie icon among 60 business closures – Fraser Coast Chronicle

Queensland companies are continuing to collapse by the dozen despite the state’s economy slowly recovering from the devastating COVID-19 shutdown. In November 60 companies were put into liquidation or administration – far less than before the pandemic. Previous modelling suggests thousands of Queensland small businesses continue to rely on the federal government’s JobKeeper program and…

View From series journalists win three-year pay fight – HoldtheFrontPage

Journalists who lost their jobs when the weekly newspapers they worked for ceased publication are to receive money they are owed after a near-three-year fight. Editorial staff who were employed at Lyme Regis-based View From Newspapers will now receive notice pay settlements and additional payments awarded by an employment tribunal after Duncan Williams, the final…

Retail empire of UK billionaire Philip Green teeters on edge – The Australian Financial Review

Arcadia’s administration would be the UK’s highest-profile retail insolvency in a sector that has already lost more than 125,000 roles in the country since January. It would also mark a stratospheric fall from grace for Sir Philip, who was once dubbed “King of the High Street”. Arcadia would follow Debenhams, the struggling department-store retailer, which…

Explained: Why is the issue of personal guarantors under IBC in SC? – The Indian Express

Written by Aashish Aryan , Edited by Explained Desk | New Delhi | Updated: November 2, 2020 6:52:26 pm The Supreme Court on Friday transferred to itself all the petitions challenging the Insolvency and Bankruptcy Code (IBC) provisions relating to initiation of insolvency proceedings against personal guarantors. The Supreme Court on Friday transferred to itself…