To revive the financial sector in India currently plagued with stressed assets, FM Arun Jaitley in Union Budget 2016-17 vowed for comprehensive bankruptcy code, which will be enacted and brought in to deal with illicit deposit taking schemes. Declaring financial sector reforms as one of the “nine pillars” of Budget 2016-17 Jaitley stated that such…
PERTH (miningweekly.com) Trading in the shares of minerals developer Triton Minerals was unexpectedly suspended on the ASX on Thursday as the company went into voluntary administration. The administrators were working with the company to review its operations and financial position, and to formulate potential strategies to preserve and restructure the company and its operations. Earlier…
STACY/SQUIRES/FAIRFAX NZ. Kaizuka Eatery and Garden Bar was issued a full on-licence in March 2014 and operated on the licence for about six months before a visit from council licensing officers. The Christchurch bar that closed last Sunday following a stoush with the city council is in liquidation. The owners of Cashmere establishment Kaizuka Eatery and Garden Bar… Read the…
Abengoa Bioenergy US Holding LLC, a unit of Spanish conglomerate Abengoa SA (ABG.MC), received interim financing to pay wages and keep the lights on while it tries to reorganize under Chapter 11, according to a court ruling on Wednesday. Abengoa Bioenergy filed for bankruptcy protection last week. Lawyers on Wednesday said it is a guarantor…
Embattled real estate developer Inbal Or was given one day to make good on a 1-million-shekel ($259,000) payment during a court hearing Wednesday calling for the liquidation of her business group. Tel Aviv District Court Judge Eitan Orenstein gave Or one day to pay Global, from which her company had bought land. … Read…
STACY/SQUIRES/FAIRFAX NZ. Kaizuka Eatery and Garden Bar was issued a full on-licence in March 2014 and operated on the licence for about six months before a visit from council licensing officers. The Christchurch bar that closed last Sunday following a stoush with the city council is in liquidation. The owners of Cashmere establishment Kaizuka Eatery and Garden Bar… Read the…
Province Appoints Council to Modernize Ontario’s Business Laws Chair – Carol Hansell (Partner, Hansell LLP) Carol Hansell is the founder and Senior Partner of Hansell LLP, an independent firm dedicated to advising boards, management teams, institutional shareholders and regulators in connection with legal and governance challenges. Over the past 25 years while in practice, Ms.…
A drilling company that has been operating for 18 years has collapsed into voluntary administration. Nedrill Blasting Contractors, which is based in the Northern Territory, has been providing drill and blast services to the mining and construction industries across Australia since 1998. The business appointed external managers earlier this week, with Christopher Powell and Nicholas…
NEW YORK Sports Authority is filing for Chapter 11 bankruptcy protection, a move that could affect its two stores in Maine. The retailer said Wednesday that it plans to close or sell about 140 stores and two distribution centers, in Denver and Chicago. The Englewood, Colorado, company has 463 stores in 41 states and Puerto…
Abengoa Bioenergy US Holding LLC, a unit of Spanish conglomerate Abengoa SA (ABG.MC), received interim financing to pay wages and keep the lights on while it tries to reorganize under Chapter 11, according to a court ruling on Wednesday. Abengoa Bioenergy filed for bankruptcy protection last week. Lawyers on Wednesday said it is a guarantor…