IT is the end of the road for embattled special-purpose acquisition company (SPAC) Sona Petroleum Bhd as it prepares to be delisted after failing to make its qualifying acquisition (QA). Managing director Datuk Seri Hadian Hashim said the company is identifying liquidators so that it can return shareholders investments. Sona will undertake the process of…
Getting Greece back on the path to growth is a challenging and multidimensional task. A strong financial sector is an important start and would be the best tool to restore investor confidence and kick-start credit growth, especially for small and medium-sized enterprises (SMEs), which in Greece account for 86 percent of jobs and more than…
A New South Wales-based poster manufacturer that was contracted to supply banners for the Labor Partys election campaign banners has collapsed into liquidation. Roller Poster has been in operation since 1994, claiming on its website its still on a roll. The company was in the middle of completing a $100,000 contract to the Labor party to print…
Our intention is to return the money to shareholders as soon as we personally can, but it is driven by the liquidation process and the liquidator. It would be unfair for me to say this month or that month. We have no interest in holding back the money and neither does the liquidator, Hadian said.…
Reese Witherspoon was due to speak at event for Simpatico Connection The $3000-a-head event was to be held at the Dockside Pavilion in Sydney Simpatico Connection has gone into liquidation with debts of $2.1 million Poor ticket sales are considered as a factor in the company’s troubles Reese Witherspoon has yet to comment on the event’s cancellation…
The Federal Reserves legal authority to give Puerto Rico emergency funding to help it emerge from a $70 billion debt crisis is extremely limited, Fed Chair Janet Yellen told senators on Tuesday. I think our authority is extremely limited, and it wouldnt be appropriate for us to give loans to Puerto Rico, Yellen said in response to…
Hogan Lovells has launched a mobile app called How to Indo with the aim of helping companies navigate the legal landscape when doing business in Indonesia. Producing in conjunction with Dewi Negara Fachri & Partners, Hogan Lovells recently announced associate firm in Indonesia, the app has guides covering legal issues relating to mergers and acquisitions,…
The directors of Hacketts bookies have decided to place the business in liquidation, which will result in the closure of all of its 18 shops and the loss of 35 jobs. Originally founded by Cyril and Monica Hackett over 50 years ago, the family business expanded from its Midland base up to a peak of…
By Sophie Vorrath on 20 June 2016 One of Australias largest rooftop solar installers, Metro Solar, has suffered financial collapse, with notice published last week that the Victoria-based company had been put into liquidation under the administration of accounting group Hall Chadwick. In a notice dated June 15, the Australian Securities and Investment Commission…
Winners were announced at a black-tie gala dinner at the Sofitel Sydney Wentworth on Thursday 28 April. Making partner is the ultimate recognition of a lawyers skills the culmination of years, sometimes decades, of dedication and effort. From starry-eyed graduates grappling with their first role to senior associates pulling all-nighters, the goal of partnership can…