20 February 2017 Emma Ryan comments An Australian law firm has announced it has nabbed a new principal and head of insolvency and reconstruction from MinterEllison. Brian Ward & Partners has welcomed Ian Walker (pictured) to the…
SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced dividends on eleven series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest…
Michael Lee at the Austinmer pools as the storm hit on Friday afternoon. More than two years after he folded his firm, the pool restoration job is not complete. Picture: Sylvia Liber Council designs for the Austinmer pool renovation were flawed and not realistically able to be completed, claims the contractor whose company went into liquidation on…
Noting immediate issues for meeting financial obligations, Michigan-based sporting goods retailer MC Sports this week announced it’s filing for Chapter 11 bankruptcy protection. The chain, headquartered in Grand Rapids, recently has operated 68 retail locations, including sites in Petoskey and Gaylord. While noting plans for liquidation sales at all of the chain’s stores, a press…
The Ministry of Corporate Affairs on Wednesday announced the set-up of four working groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The working group three had a mandate to deliberate and submit its recommendations on rules and regulations and other related matters for the insolvency and liquidation process under the Insolvency and…
The enactment of a comprehensive insolvency code is one of the most significant achievements of the incumbent government. Keeping with its commitment to improve the countrys ranking in the World Banks Ease of Doing Business, the government has already initiated steps for implementation of the Code. The swiftness and speed in notifying certain provisions of…
NATIONAL Sporting goods retailer MC Sports filed Chapter 11 bankruptcy, and a statement released Tuesday says the retailer will begin liquidating its assets, including all 68 of its stores. The Grand Rapids, Michigan-based chain released a statement on February 14, explaining it has initiated voluntary reorganization proceedings under Chapter 11 of the U.S. Code in…
By Monique Friedlander For Daily Mail Australia Published: 14:20 +11:00, 12 February 2017 | Updated: 19:34 +11:00, 12 February 2017 e-mail 397 shares 13 View comments A fitness course backed by Biggest Loser trainer Steve ‘Commando’ Willis has gone into voluntary administration. Sage Institute of Fitness consists of seven campuses around Melbourne, Sydney and Brisbane,…
The company hired to liquidate the contents of the soon-to-be-demolished Georgia Dome once auctioned off a urinal from the St. Louis Cardinals clubhouse to a baseball fan for about $2,500. So dont be surprised, Schneider Industries chief operating officer Dan Rosenthal said with a laugh, if the company tries to sell a Dome urinal or…
New Delhi: The Insolvency and Bankruptcy Board of India, or IBBI, on Tuesday sought public comments on draft rules outlining the process that companies can follow for voluntary liquidation under the Insolvency and Bankruptcy Code, 2016. A company that has not defaulted on loans may initiate voluntary liquidation subject to certain conditions, according to the…