ATM operator Stargroup, which had plans to convert its some of its machines to digital currency Bitcoin, is trading as normal despite going into administration. This week Richard Tucker and John Bumbak of insolvency experts KordaMentha Restructuring were appointed as receivers and managers. The companys latest annual report showed debt of $9.1 million. Today Goldfields…
November 20, 2017 20:50 ET | Source: Quest Rare Minerals Ltd. MONTREAL, Nov. 20, 2017 (GLOBE NEWSWIRE) — Quest Rare Minerals Ltd. (the “Company” or “Quest”) announced that on November 16, 2017, the Superior Court of Québec granted Quest Rare Minerals motion for an extension of the delay to file a proposal pursuant…
HONG KONG: Reliance Communications Ltd, the mobile phone operator that defaulted on dollar bonds last week in the highest-profile debt failure since the countrys new Bankruptcy Code was passed, faces risks of insolvency if it cant sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. We think the valuations they…
Blair Nimmo named as global head of insolvency at KPMG 20 November 2017 From the section Scotland business Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for…
A man withdraws money from an ATM at a branch of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) in Hanoi, Vietnam Nov 15, 2017. (Reuters photo) HANOI: Vietnam’s national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government…
Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for a large team handling all aspects of personal insolvency, both in Scotland and England. Mr Nimmo succeeds Richard…
HANOI, Nov 20 (Reuters) – Vietnams national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government website said. Approval of a bill establishing the right to declare bankruptcies came about five years after the start of a banking…
ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt. Business News understands the ASX-listed company had been trying to raise fresh equity but was unable to do so. It announced today that Richard Tucker and John…
Editors note: The following is a roundup of stories from The Conversations archive. On Sept. 20, 2017, Hurricane Maria tore across Puerto Rico. The Category 4 storm was so massive 300 miles wide that it enveloped the island entirely, battering it with 155 mph winds and dropping almost two feet of rain. The next day,…
If there is one word everyone is afraid of, its bankruptcy. But is it as bad as we think it is? We ask an expert to debunk the myths. With more than 16,000 people declaring bankruptcy in Australia every year, it is possibly a lot more common than you would think. However, considering how easy…