NEW DELHI: Finance Minister Arun Jaitley today took stock of steps being taken for implementation of the Insolvency and Bankruptcy Code that seeks to make debt recovery process stronger and quicker. The Insolvency and Bankruptcy Code, 2016 notified by the government in May seeks to consolidate and amend laws relating to reorganisation as well as…
What is equity? And who gets it? All venture and seed investors would buy equity shares for ownership and secure their investments with preferred stocks purchase while making investments. Thus it is important for entrepreneurs to understand what it means to their company. Equity broadly means ownership interest. Stock is one of the expressions of…
Tip off Fairfax Media’s investigations team The Federal Court has ordered more than $2 million to be paid to bankruptcy trustees of underworld construction identity George Alex in a case that exposed allegations of standover tactics and dodgy deals across Australia’s building industry. Sydney construction identity George Alex. Photo: James Alcock The case involved some of…
Company could have around 4.5m to distribute to shareholders The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders. Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year,…
The housing minister is investigating whether a company which Kiwi families say left them with half-finished renovations breached new disclosure requirements. Renovar Ltd, of which Jonathan Sommers was the sole director, was put into liquidation on August 9. And the liquidator says it’s unlikely any of the complainants will get their money back. Homeowner Amanda…
Aug. 22, 2016 12:53 a.m. ET TOKYO Sharp Corp. SHCAY 2.29 % will implement a large-scale corporate restructuring to achieve profitability, with the hope of restoring the brands image as a global provider of innovative consumer electronics, the companys new chief executive said Monday. My mission as the leader of Sharp is to turn around…
Company could have around 4.5m to distribute to shareholders The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders. Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year,…
New York REIT Inc. said the company will be liquidated after it completes a plan to sell its assets and return the proceeds to shareholders. The company has determined, after considering other strategic alternatives available, that it is in the best interests of NYRT to adopt a plan of liquidation, according to a statement on…
Accordingly, the Company’s Board has approved a Plan of Complete Liquidation and Dissolution of the Company (the “Plan of Liquidation” or the “Plan”), which Plan must be approved by the Company’s stockholders. The Company intends to hold a special meeting of stockholders to seek approval of the Plan and expects to file preliminary proxy materials…
About the Organisation Craddock Murray Neumann Lawyers was started in 1987, and has just recently opened offices in Queensland and Victoria. We work for a variety of government departments, insurance companies, corporate and private clients, accordingly we have been involved in many different matters from high court to legal aid cases. This…