After Brexit, creditors may be impacted when assets of insolvent companies are sought for recovery in Europe. This was the view set out today by R3, the trade body for insolvency professionals, in a statement covering how the EU referendum result may affect the corporate insolvency process. Andrew Tate, president of R3, said: Leaving the…
TEL-AVIV, Israel, June 27, 2016 /PRNewswire/ — Metalink Ltd. (OTCQB: MTLK), today announced that its Board of Directors has approved a plan to voluntary liquidate the Company and distribute all of its net cash to shareholders on a pro rata basis. Net of all anticipated wind-down and liquidation expenses, Metalink anticipates approximately $3.50 million to…
Local content a killer … Australian video-streaming services Stan and Presto are growing faster than market leader Netflix, a Telsyte study says, with Netflixs VPN crackdown and local content from the other services, like Wolf Creek, behind the move. AUSTRALIAS homegrown video-streaming services are outpacing multibillion-dollar import Netflix as viewers reject its crackdown on overseas…
Local content a killer … Australian video-streaming services Stan and Presto are growing faster than market leader Netflix, a Telsyte study says, with Netflixs VPN crackdown and local content from the other services, like Wolf Creek, behind the move. AUSTRALIAS homegrown video-streaming services are outpacing multibillion-dollar import Netflix as viewers reject its crackdown on overseas…
Related Story: Guvera’s future uncertain after ASX blocks float Two subsidiaries of music streaming company Guvera have been placed into voluntary administration, and professional services firm Deloitte has been appointed to lead an international restructure. The subsidiaries, Guvera Australia and Guv Services, deal with Guvera’s business in international markets. A spokesman…
Related Story: Gambling giants lose High Court battle over Victorian gaming licences Betting company Tatts Group says it has sold its UK-based slot business Talarius to international gambling company Novomatic for $210 million, and will use the proceeds to pay down debt. Tatts said its continuing operations excluding Talarius were expected…
Music streaming company Guvera has gone into administration. The Queensland business says it has appointed Deloitte to lead a restructure. Subsidiary entities Guvera Australia Pty Ltd and Guv Services Pty Ltd have been placed into voluntary administration. Guvera Limited says it will work closely with the Deloitte to provide financial assistance for creditors. The company…
Citigroup downgraded Lloyds Banking and Barclays to sell after the Brexit vote. Akio Kon by Gavin Finch, David de Jong and Richard Partington Bank stocks plunged worldwide and finance chiefs were stunned by the UK’s vote to leave the European Union as concern mounted that a slump in economic growth, lower asset values and higher…
After 20 years and a previous failure, the outlet is closing its doors. Photo: Supplied Are upmarket food chains in Australia cursed? One of the pioneers in gourmet food retailing, Jones the Grocer, has just gone bust for the second time in18 months in Australia, even though its 17 overseas outlets in the Middle East and…
Closing a company requires strict compliance with the laws and regulations of the relevant Thailand government agencies. Financial, auditing and legal aspects of the company must be settled accordingly. A limited company may be dissolved due to the following: 1. If provided by its regulations 2. The company is formed for a specified period of…