Updated Oct. 24, 2016 5:58 a.m. ET SEOULSouth Koreas Hanjin Shipping Co. 117930 -11.84 % said Monday it will close its European operations, in the latest sign that the troubled company may be heading toward liquidation. Hanjin, South Koreas largest shipping company, has so far obtained approval from the Seoul Central District Court to close…
This month we speak to Setfords Solicitors to find out more about the business Business name: Setfords Solicitors Office location: National, Pool Innovation Centre, and Truro Cornwall, Chancery Lane London, Jenna House Guildford. When was the business founded: 2006 How many employees: As well as a team of full-time lawyers based in our Guildford office we…
WOODBRIDGE, N.J., Oct. 24, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced third liquidation dividend of $0.12 per share (the…
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) is scheduled to hold its second meeting around 11-12 November to discuss and finalize the draft rules under the Insolvency and Bankruptcy Code, 2016. The draft rules were notified earlier this month and put out for public comments till 31 October. The Centre has till…
One man has been fined $14,960 and another $9920 after a four-year long Fair Work Ombudsman case over deductions from staff wages was concluded. In February 2014, the Ombudsman took Travice Blom, the former operator of labour hire company Oz Staff Career Services Pty Ltd, to court over $130,000 that was alleged to have been unlawfully…
More than 100 low-paid cleaners who worked at Melbourne’s Federation Square and Crown Casino had their wages illegally docked and their pay records falsified to cover up the corrupt practice. The cleaners, many of whom were young workers and migrants, had so-called “administration fees” of about $25 taken out from their pay every week, while lesser amounts for…
SINGAPORE The Ministry of Law (MinLaw) is calling for public feedback on proposed changes to corporate insolvency laws in the Republics first phase of legislative reforms that seek to bolster its position as an international centre for debt restructuring. The launch of public consultation yesterday came after MinLaw, in June 2014, broadly accepted recommendations by…
COLLETTE DEVLIN FAIRFAX NZ Boogie Wonderland has been put into liquidation after being propped up by shareholders for years. Relevant offers Popular Wellington night spot Boogie Wonderland has been shut after being put into liquidation. The Mr Boogie company, which trades as Boogie Wonderland and operates the adjoining cocktail bar, Alice, was put into voluntary liquidation…
FAIRFAX NZ Boogie Wonderland has been put into liquidation after being propped up by shareholders for years. Popular Wellington night spot Boogie Wonderland has been shut after being put into liquidation. The Mr Boogie company, which trades as Boogie Wonderland and operates the adjoining cocktail bar, Alice, was put into voluntary liquidation on Wednesday. The nightclub famously…
Comments (0) Lisa Thomas, Insolvency practitioner at Neville&Co explains how a CVA could be the answer to keep an insolvent company trading Keeping control of an insolvent company can still be an option. Liquidation is one of the most common insolvency procedures used when a Company is insolvent and there is no real prospect of it…