New Delhi: Moving to put in place a bankruptcy framework in India, the government on Thursday appointed M.S. Sahoo as the chairperson of the Insolvency and Bankruptcy Board of India. Sahoo is currently a member at anti-trust regulator Competition Commission of India and was earlier a member at capital markets regulator Securities and Exchange Board…
Guildford-based BYAC Contracting has been placed into liquidation after losing a long-running contract at the Murrin Murrin nickel project and failing to establish itself as a training provider. The liquidation does not affect parent company Burnna Yurral Aboriginal Corporation, which is owned by members of the Laverton-based Tucker family. The contracting arm was established about…
22 September 2016 Lara Bullock Herbert Smith Freehills has created a new guide to help companies and lenders navigate the various insolvency regimes in the Asia-Pacific region. The Restructuring, Turnaround and Insolv… Read the full…
September 21st, 2016 Holly Birkett Europe, Finance and Insurance, Tankers 0 comments A bankruptcy court in New York has approved Primorsk International Shippings (Prisco) liquidation plan, reports say. Prisco filed a voluntary petition in January for reorganisation under Chapter 11 in the US Bankruptcy Court for the Southern District of New York, saddled with $262.2m…
BBJ Wednesday, September 21, 2016, 09:50 Retail store operator Palóc Nagykereskedelmi, which announced last week that Hungarian-owned retail chain CBA had canceled its franchise contract for all its 80 stores, reportedly voluntarily filed for bankruptcy at a local court in Balassagyarmat yesterday. Last week the company had said its stores would reopen this week. The…
September 21, 2016 | 5:21 PM by A. E. JAMES/[email protected] Majority state-owned Port Services Corporations revenue started declining substantially after the government shifted commercial activities of Muscat port to Sohar port in August 2014. Photo – File Muscat: An extraordinary general meeting of the shareholders of Port Services Corporation, the operator of Muscat port, will…
Pictured: Stephanie Carr and Johnston Clark Blackadders has appointed Stephanie Carr to take up the role of leading the firms Glasgow office after 15 years with Harper Macleod, where she served as a partner in the insolvency department specialising in contentious personal and corporate insolvency law. With many years experience in commercial litigation and debt recovery, Ms Carr is a…
ALDEN WILLIAMS/FAIRFAX NZ Indian spice store, Sun 2 Moon in Johnsonville, was put into liquidation on Monday. In August the ERA fined the owner $53,000 for exploiting a migrant worker. The owner of a Wellington grocery store recently ordered to pay than $53,000 for exploiting a migrant worker has put his company into liquidation, claiming it cannot…
Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds allegedly misappropriated by former director Peter Landau. Perth-based Citation said today it had entered voluntary administration, with Richard Tucker and Scott Langdon of KordaMentha appointed to oversee the companys affairs. The board advises that it…
Theres been strong interest from buyers for Queensland regional trucking business Kurtz Transport after the business was placed in voluntary administration this month. Administrators from Ernst & Young were appointed to manage the company on September 12, with Justin Walsh and Duncan Clubb acting as joint administrators of Kurtz Transport Pty Ltd and Kurtz Holdings Pty Ltd. The business,…