Category Archives: Liquidation

NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTOR ALERT: KlaymanToskes Investigates Investor Losses in Light of Company’s Chapter 15 – GlobeNewswire

MIAMI, June 21, 2021 (GLOBE NEWSWIRE) — National investor fraud law firm, KlaymanToskes (KT), announces an investigation on behalf of investors in Northstar Financial Services (Bermuda) Ltd. following its recent bankruptcy and order to liquidate by the Bermuda government. Northstar Financial Services was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted…

National Health Co-operative enters voluntary administration – The RiotACT

Canberras National Health Co-op was a groundbreaking healthcare model. Photo: File. UPDATED 9.50am: Administrators for the National Health Co-operative say they are confident the embattled health service can continue trading for at least three months, given the cash flow. Speaking to ABC Radio, Michael Slaven from Slaven Torline said that he was hopeful the NHCs…

Director sentenced for running wine company while banned – Mirage News

Jane Goodfellow, 58, and Clare Watts, 54, from Somerset, were both handed suspended sentences at Taunton Crown Court after pleading guilty to running a company whilst Goodfellow was disqualified. Goodfellow pleaded guilty to acting as a director while disqualified and carrying on a business under a prohibited name at Taunton Crown Court on 12 April.…

National Health Co-op goes into voluntary administration – The Canberra Times

The National Health Co-op, which runs eight not-for-profit clinics in Canberra, has gone into voluntary administration. In a message to staff on Monday, administrators Slaven Torline said the end of JobKeeper and “recent staff changes” had left an “insurmountable” forecast deficit. “The board and management have looked at further ways to address the NHC’s financial…

Easier dilution norms for large IPOs where post-listing m-cap tops Rs 1 trn – Business Standard

Move seen as precursor to LIC IPO; 5% minimum public shareholding compulsory on IBC relisting TopicsIPO|LIC |market cap Easier dilution norms for mega initial public offerings (IPOs) have come into effect. Companies with post-listing market capitalisation (m-cap) of more than Rs 1 trillion will not be required to dilute a minimum of 10 per cent.…

Boss of collapsed road-building firm was accused of siphoning cash – The Age

A company director who owes businesses $20 million after his company went broke on an Andrews government road project has been accused of siphoning cash from a company he partly owned. More than 200 civil construction firms were left thousands of dollars out of pocket on the $1.8 billion Western Roads Upgrade after a major…

K&L Gates solidifies Hong Kong aviation finance capabilities – ICLG.com

A partner with experience in aviation finance, restructuring and insolvency matters in Asia has joined K&… A partner with experience in aviation finance, restructuring and insolvency matters in Asia has joined K&L Gates Hong Kong finance practice. Eugene Yeung has joined K&L Gates Hong Kong finance practice as a partner after three years at Pillsbury…

UK Extends Creditor Enforcement Protection For Companies – Law360

Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the…

13 year ban for boss who lost £24m from client pensions – Mirage News

Darren Antony Reynolds, 51, from Willenhall, West Midlands, was the sole director of Active Wealth (UK) Limited, an independent financial advice company. A chartered financial planner, Reynolds advised hundreds of clients on the best way to invest their pension funds from December 2014 to the companys liquidation in February 2018. Following Active Wealths liquidation, an…

The Corporate Insolvency and Governance Act 2020 extension of temporary measures – JD Supra

A lifeline for struggling businesses in the United Kingdom the most significant insolvency reforms for a generationCorporate Insolvency and Governance Act 2020The Corporate Insolvency and Governance Act 2020 (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least,…