Insolvent Air Berlin weighs suing Etihad – Nine

Creditors of insolvent German airline Air Berlin are considering whether to sue its major shareholder Etihad for billions of euros in damages, a spokesperson for the airline’s insolvency administrator, Lucas Floether, says. The creditors’ committee is scheduled to meet on Monday to discuss putting the claim forward. German newspaper Sueddeutsche Zeitung reported that Floether expected…

IDBI Bank may initiate insolvency process against Orissa Slurry Pipeline – Livemint

Orissa Slurry Pipeline is a 253km pipeline that is responsible for transporting about half the raw materials for Essar Steels plant in Odisha. Mumbai: IDBI Bank Ltd is likely to initiate insolvency proceedings against Orissa Slurry Pipeline Infrastructure Ltd, the company that operates the pipeline supplying raw materials to Essar Steel Ltds Odisha plant, according…

Stop the great subbie rip-off – PerthNow

DIPLOMA. Choice Living. Cooper & Oxley. BCL Group. Theyve become household names in this town, but for the most unfortunate of reasons. All have hit the skids (though Cooper & Oxley seems a fighting chance to trade out of its woes). The common thread? Hardworking small businesspeople subcontract tradespeople and suppliers are left holding the…