The co-founder of luxury bridal house Pallas has bought back the business out of administration, preserving most of its 30 jobs. Pallas creditors on Wednesday approved a deed of company arrangement floated by Joy Morris, the designer behind the business, saying it represented the best option for employees. Under the deal, Ms Morris will pay…
The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…
The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…
NEW DELHI:The government has introduced the concept of fair value for bankrupt companies undergoing resolution and an evaluation matrix for applicants under the Insolvency and Bankruptcy Code, bringing in more clarity and transparency in the insolvency resolution process. The amended rules for the insolvency resolution process for corporate persons have made it mandatory for resolution…
Announcement by Insolvency Service takes total to 2,240, but more than 900 jobs have gone A defaced Carillion sign outside Royal Liverpool hospital. Photograph: Christopher Furlong/Getty Images Another 1,200 people who worked for the government contractor Carillion when it collapsed into liquidation last month have been told they will keep their jobs, in the latest…
Grant Taylor | The West Australian Thursday, 8 February 2018 12:26PM The closed Cooper & Oxley construction site at Curtin University.Picture: Megan Powell. Embattled building firm Cooper and Oxley has formally gone into administration, appointing insolvency firm Hall Chadwick to take over the day to day running of its operations. Hall Chadwick said in a…
EMBATTLED building firm Cooper and Oxley has gone into administration, appointing insolvency firm Hall Chadwick to take over the day to day running of its operations. Hall Chadwick said in a statement that it was now assessing the financial position of the company, including the projects it had underway. But the statement also said Cooper…
Peter Williams | The West Australian Thursday, 8 February 2018 6:26AM Brierty liquidator Matthew Woods of KPMG at the creditors meeting.Picture: Mogens Johansen Creditors of Brierty have voted to liquidate the collapsed contracting company, allowing insolvency specialists to further probe alleged insolvent trading and payments to directors and executives. Brierty was put into administration last…
Turing Robotics CEO says the company isnt done. But its definitely hit another significant roadblock in its quest to bring some fun alternative handsets to the market. The Finnish phone makers story so far is one of delay after delay, and now its announced, via Facebook post, that its suspending manufacturing. CEO Syl Chaos didnt…
A mould scandal that put lives at risk and made staff sick at the Nauru immigration detention centre also affected the now mothballed facility at Manus Island. Air-conditioning caused water damage and mould to grow in the fire-resistant plasterboard walls and ceilings and the magnesium oxide board floors of modular buildings at the staff accommodation,…