Fair Work Ombudsman secures near-record fines over ‘phoenix’ scheme – The Australian Financial Review

A Sydney labour hire firm has been ordered to pay more than $670,000 over its use of a sophisticated phoenixing operation to underpay foreign workers and treat them like “slaves”. The Federal Court on Wednesday ordered Grouped Property Services, which provides cleaning services, to pay near-record penalties of $447,300 and backpay of $223,244 to 49 employees after…

EMRISE CORPORATION Announces Distribution to Stockholders of Fourth Liquidation Dividend – GlobeNewswire (press release)

WOODBRIDGE, N.J., June 05, 2017 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced fourth liquidation dividend of $980,000, or $0.09 per share, to…

EMRISE CORPORATION Announces Distribution to Stockholders of Fourth Liquidation Dividend – GlobeNewswire (press release)

WOODBRIDGE, N.J., June 05, 2017 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced fourth liquidation dividend of $980,000, or $0.09 per share, to…

EMRISE CORPORATION Announces Distribution to Stockholders of Fourth Liquidation Dividend – GlobeNewswire (press release)

WOODBRIDGE, N.J., June 05, 2017 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced fourth liquidation dividend of $980,000, or $0.09 per share, to…

Group Insolvency Proceedings Under the Revised EU Insolvency Regulation – JD Supra (press release)

Restructuring an international group of companies in Europe continues to be challenging. While companies can transact business freely across European borders, coordination between the stakeholders involved in a cross-border restructuring has proved to be difficult. The cross-border restructuring of a corporate group is often complicated by a multitude of individual liquidation proceedings spread…

Mortgage company investors demand its liquidation – Mortgage Professional America

Investors in a California mortgage company are so dissatisfied with its returns that theyre demanding the company liquidate itself, according to a news release. In an open letter to Owens Realty Mortgage, Freestone Capital Management which, together with its affiliates, owns about 7.6% of Owens outstanding shares slammed Owens management for questionable decisions and its…

Han’s Cafe operator fined nearly $40000 for underpaying workers, company enters liquidation – Community Newspaper Group

THE operator of a Perth restaurant chain has been fined nearly $40,000 for underpaying the foreign workers she employed. The operator and franchise owner of several well-known Hans Cafe restaurants, Tram Hoang Han, and several companies she was a sole director of, have been fined a total of $37,500 in the Federal Court of Australia. Hans…

ELP Note: NCLT rejects withdrawal of case even after parties propose settlement – Bar & Bench

The National Company Law Tribunal (NCLT), Kolkata Bench, has in its recent ruling in the case of Parker Hannifin India Private Limited v/s Prowess International Private Limited, ruled on the aspect of withdrawal of insolvency petition based on a settlement arrived at between the disputant parties after it has been admitted under the provisions of…