Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way so that it could book the 665.5 billion yen ($5.95 billion) proceeds before…
The trustee of the bond issued by Canadian real estate company Urbancorp in Tel Aviv, Reznik Paz Nevo Trusts Ltd., filed an application today for an injunction forbidding any disposition in Urbancorp’s assets. Tel Aviv District Court judge Eitan Orenstein granted the application and issued the injunction. At the end of last week, Urbancorp filed…
JONO GALUSZKA Relevant offers The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor…
The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor Ideal’s substantial property portfolio at the…
“The United States of Insolvency is the graphic title of a sprawling article in Time magazines April 25 issue. That in itself is significant, as is the clear and punchy content of the piece which delivers the chapter and verse detailing why the headline is not imaginary or threatening, but rather factual and inexorable.…
A popular childrens party business in Newcastle has been placed in liquidation. The Play Station Gosforth shut its doors suddenly at the end of last month, when its signs were removed and a notice of forfeiture from Stateplus Limited was attached to the venues entrance. On April 18, a meeting of creditors was held at…
Creditors of Clive Palmer’s Queensland Nickel have voted to liquidate the company, a fortnight after administrators made the recommendation amid crippling debt. Key points: Liquidation move will allow pursuit of any Clive Palmer debts Administrators urged liquidation in report earlier this month Sacked workers among creditors voting to liquidate Creditors, including 800 sacked workers,…
NEW corporate insolvency statistics from accountancy firm KPMG show a marked increase in the number of businesses failing in Scotland during the first quarter of 2016. Between January and March this year, total insolvency appointments rose by 10 per cent from 188 to 206 compared to the same three months in 2015. The increase is…
NEW corporate insolvency statistics from accountancy firm KPMG show a marked increase in the number of businesses failing in Scotland during the first quarter of 2016. Between January and March this year, total insolvency appointments rose by 10 per cent from 188 to 206 compared to the same three months in 2015. The increase is…
Last Modified: Fri, Apr 22 2016. 04 05 AM IST Parliamentary panel reached political consensus on the bankruptcy law that makes it easier for sick companies to be either wound up or revived New Delhi: Prospects of the early passage of a bankruptcy law, which makes it easier for sick companies to be either…