Hello, it’s Harry here in Sydney. Here’s the news you need to start your day. Today’s must-reads:• Rex enters voluntary administration • BHP and Canva deals• Rio earnings Rex has entered into voluntary administration, the second domestic airline to fail this year in a market dominated by Qantas. Regional Express Holdings Ltd., as Rex is…
Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…
End of a 50 year era as popular bakery goes into liquidation Lancashire Evening Post Read the original article here
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. A statement posted on Rex’s website on Tuesday said Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have entered voluntary administration. Ernst & Young Australia have been appointed administrators. The statement said…
Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…
In short: A US judge has ordered conspiracy theorist Alex Jones′s personal assets be liquidated in order to pay $US1.5 billion to the families of the Sandy Hook shooting victims. Jones had claimed the 2012 school shooting that killed 20 students and six teachers was a hoax, leading to victims’ families being harassed. What’s next?…
Tasmanian Premier Jeremy Rockliff has expressed concern following the news that regional airline Rex has entered voluntary administration. Flights between Melbourne and Hobart have been cancelled for the indefinite future, while regional services to King Island, Burnie and Devonport remain in operation. In Parliament on Wednesday, the Premier emphasised the importance of maintaining aviation capacity…
Mumbai: Fortis Healthcare, Apollo Hospitals, Medanta and Max Healthcare are among half-a-dozen companies that have shown preliminary interest in acquiring Jaypee Healthcare, the last of the Jaiprakash Group’s priced assets to be admitted into bankruptcy. On Friday, the Allahabad bench of the National Company Law Tribunal (NCLT) gave an oral order to admit Jaypee Healthcare…
A string of companies linked to a heating and cooling business have collapsed in recent months, leaving customers and staff in the lurch. News.com.au can reveal that eight companies which made up Victorian-based business Pact Services Group collapsed into liquidation two months ago. Pact Services has been around as a whole for nearly 50 years,…
Rex Airlines has grounded its fleet of Boeing 737 aircraft and entered into voluntary administration but will continue to service select regional routes using its Saab 340 fleet. The shocking decision ends two days of speculation about the future of the country’s third largest airline after Rex suspending trading on the ASX 200 on…