A Sydney labour hire firm has been ordered to pay more than $670,000 over its use of a sophisticated phoenixing operation to underpay foreign workers and treat them like “slaves”. The Federal Court on Wednesday ordered Grouped Property Services, which provides cleaning services, to pay near-record penalties of $447,300 and backpay of $223,244 to 49 employees after…
WOODBRIDGE, N.J., June 05, 2017 (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 fourth liquidation dividend of $980,000, or $0.09 per share, to…
WOODBRIDGE, N.J., June 05, 2017 (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 fourth liquidation dividend of $980,000, or $0.09 per share, to…
WOODBRIDGE, N.J., June 05, 2017 (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 fourth liquidation dividend of $980,000, or $0.09 per share, to…
Jess Parker Daniel O’Neill with one of his company’s diggers, which was vandalised back in 2008. A former director of a South Canterbury earthmoving business has been ordered to pay more than $450,000 to the company and its liquidators. A High Court judge has ordered Daniel O’Neill, the former director of O’Neill Earthmoving, to pay…
Restructuring an international group of companies in Europe continues to be challenging. While companies can transact business freely across European borders, coordination between the stakeholders involved in a cross-border restructuring has proved to be difficult. The cross-border restructuring of a corporate group is often complicated by a multitude of individual liquidation proceedings spread…
Investors in a California mortgage company are so dissatisfied with its returns that theyre demanding the company liquidate itself, according to a news release. In an open letter to Owens Realty Mortgage, Freestone Capital Management which, together with its affiliates, owns about 7.6% of Owens outstanding shares slammed Owens management for questionable decisions and its…
THE operator of a Perth restaurant chain has been fined nearly $40,000 for underpaying the foreign workers she employed. The operator and franchise owner of several well-known Hans Cafe restaurants, Tram Hoang Han, and several companies she was a sole director of, have been fined a total of $37,500 in the Federal Court of Australia. Hans…
The National Company Law Tribunal (NCLT), Kolkata Bench, has in its recent ruling in the case of Parker Hannifin India Private Limited v/s Prowess International Private Limited, ruled on the aspect of withdrawal of insolvency petition based on a settlement arrived at between the disputant parties after it has been admitted under the provisions of…
In recent months, a few incidents have come to light where vendors or trade creditors to a company sought criminal action and government intervention when the firm failed to pay their dues. The issue appears to be gaining ground considering that many distressed companies and startups are becoming potential targets for mergers and acquisitions. Vendors…