Shorebarge in administration as sister company Shorelands shuts its doors – NT Independent
Shorebarge in administration as sister company Shorelands shuts its doors NT Independent Read the original article here
Government labour hire giant Hudson seeks post-bust recapitalisation
One of Australia’s biggest public sector recruiters and contingent workforce operators, Hudson Global Resources, will attempt to reconfigure after falling into the hands of administrators, telling clients and key industry groups, “our intention is to undertake a process to restructure and recapitalise the business and bring it out of administration as soon as possible.” The…
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Major biscuit company plunges into liquidation – in business since 1967 | World | News
A major food conglomerate based in Dubai is reportedly on the verge of being placed into provisional liquidation. IFFCO Group is alleged to have accumulated debts of nearly £1.5 billion, with restructuring negotiations making little headway amid disputes between key shareholders and the Iran war. The company is known for selling biscuits as well as…
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Liquidation and locus standi – Cliffe Dekker Hofmeyr
Liquidation and locus standi Cliffe Dekker Hofmeyr Read the original article here
Spirit Airlines has stopped flying. Here’s what happens next :: WRAL.com
The bright yellow planes are grounded. Now the selloff begins. Spirit Airlines, which abruptly canceled all its future flights over the weekend, secured court approval Tuesday to begin dismantling the once-busy budget carrier and to convert its parts into cash for creditors. U.S. Bankruptcy Judge Sean Lane authorized the airline’s plan for a rapid wind…
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Hudson Global Resources: contractors’ superannuation payments in limbo | The Canberra Times
Recruitment and superannuation stalwart Hudson Global Resources (Aust) Pty Ltd entered administration on April 22, citing “legacy liabilities” and a chance for restructuring as the reasons, according to documents obtained from the Australian Securities and Investments Commission. Read the original article here