Owner of the Trustee says the boom’s end spelled tough times for his CBD eatery – The West Australian

Elegant Perth restaurant Trustee has been placed into voluntary administration, with mounting debt and last-minute discussions to renegotiate terms with its banks and landlord unable to overcome the restaurants worsening financial problems. Trustee and its stablemate, Beaufort Local in Highgate, remain open and trading as administrators Cor Cordis work through the books and consider either…

Insolvency and Bankruptcy Code: Why creditors panel must act in best interest of all stakeholders – Financial Express

A corporate is an amalgam of stakeholders. It is expected to maximise the value of its assets and consequently the interests of all its stakeholders. However, it may not always have the motivation to maximise the value of a corporate and/or promote the interests of all the stakeholders By MS Sahoo A corporate is an…

Leaked emails reveal unpaid highway workers’ long fight – Northern Star

UNPAID Pacific Highway upgrade sub-contractors claim the Roads Minister was “passing the buck” over outstanding wages to workers after a primary contractor entered voluntary administration. Many of the 200 workers at the Tyndale to Glenugie section of the Woolgoolga to Ballina upgrade were left in the lurch after Ostwald Pty Ltd abandoned the project more…

PRD Energy Provides Update on Liquidation & Dissolution Process – GlobeNewswire (press release)

CALGARY, Alberta, Oct. 31, 2017 (GLOBE NEWSWIRE) — PRD Energy Inc. (“PRD” or the “Company“) is pleased to provide an update on the status of its liquidation and the anticipated timing of its dissolution. PRD is currently dissolving its German subsidiaries, disposing of all its other assets that are not to be distributed in kind…

LWP Capital Inc. Announces a Second Interim Distribution to Shareholders as Part of its Liquidation Proceedings – Markets Insider

TORONTO, Oct. 31, 2017 /CNW/ – LWP Capital Inc. (formerly “Legumex Walker Inc.“) (“LWP” or the “Company“), by KSV Advisory Inc. in its capacity as the Court-appointed liquidator of LWP (the “Liquidator“), today announced that shareholders as of November 8, 2017 (the “RecordDate“) will be entitled to receive an interim distribution (the “Second Interim Distribution“) made…

Ease Of Doing Business: India Ranked 4th In Protecting Minority Investors Interest – NDTV Profit

Washington/New Delhi: With implementation of a series of reforms including enactment of Insolvency and Bankruptcy Code (IBC), India has climbed to 4th position in protecting interest of minority investors, as per the latest ‘Ease of Doing Business Report’ of the World Bank. This is the first time that India has figured in the top five…