A Moroccan court has placed the country’s only oil refiner Samir into liquidation and named an independent trustee, a company source and local media said on Monday. Samir has 10 days to lodge an appeal against the decision, business news website Medias24 reported. The company said it had no immediate comment. Samir, controlled by Corral…
Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here Standard & Poor’s Ratings Service said it revised its rating outlook on China XD Plastics Co. Ltd. (Nasdaq: CXDC) to negative from stable. In line with this revision, we lowered the long-term Greater China regional scale rating on the…
More than a third of restaurant businesses in Merseyside and the North West are at a higher than average risk of failure over the next 12 months, a study claims. Research carried out by insolvency trade body R3 reveals restaurants ow have the highest risk of failure of any of the key sectors in the…
Heritage FA Limited, which marketed and sold coloured diamonds and other commodities to the public for investment, has been ordered into liquidation following a petition presented by the Secretary of State for Business, Innovation and Skills. The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under…
LONDON, March 21 (IFR) – Norske Skog has rejigged its bond exchange yet again in response to a controversial legal ruling, with the help of new financing from funds GSO and Cyrus. The latest move ups the ante in the long-running battle between Norske Skog’s unsecured and secured bondholders, which has sparked accusations of nefarious…
A Gold Coast company that offered heavily discounted travel packages to its members has collapsed into voluntary administration and ceased trading. More than 15,000 members of Australian Escapes could be affected by the businesss collapse, including some who are currently travelling overseas, as well as approximately 40 employees, according to the Gold Coast Bulletin. However,…
Sacramento signed a monumental deal two years ago to build a new sports and entertainment arena in the heart of the city. Now comes the time to pay for it. Tuesday night, the City Council will be briefed on a plan to extend downtown parking meter hours to 10 p.m., allowing the city to collect…
Keynote speech by Vítor Constâncio, Vice-President of the ECB, at Chatham House, London, 21 March 2016 Ladies and gentlemen, A well-functioning, diversified and deeply integrated capital market is of key relevance for the European Central Bank. This explains why we have supported the European Commissions initiative to establish a capital markets union (CMU)…
DAVID UNWIN / FAIRFAX NZ A total of 220 workers lost their jobs when council-owned construction company Infracon went into liquidation. The liquidation of a multi-million-dollar roading construction company, which saw 220 people lose their jobs, is expected to end with all debts paid. Infracon was placed into liquidation in August 2014 by its two owners, Tararua and Hawke’s Bay…
Law firm Pannone Corporate has expanded its real estate team with two appointments. James Wynne will join the firm as a partner from Shoosmiths Manchester office where he was also a partner. James has a wealth of experience advising high profile clients operating in the logistics, leisure, industrial and student accommodation sectors. He advises on…