TORONTO, Nov. 8, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (NEX: RDI.H; JSE: RDI) provides a further update as to the developments with respect to its three subsidiaries in South Africa which were placed in provisional liquidation on September 12, 2017. These subsidiaries are Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC…
A Supreme Court judge is due to hand down his decision on the transfer of Ten Network’s shares to US media giant CBS, marking the crucial final stage of the $41 million takeover over the troubled free-to-air broadcaster. A hearing in the NSW Supreme Court in Sydney concluded last Thursday, following days of delays made…
The liquidator of a collapsed construction giant has found evidence it says indicates the company’s director and founder knowingly traded while insolvent, according to a confidential report obtained by the ABC. Key points: Walton Construction placed into voluntary administration in October 2013 owing tens of millions of dollars to subcontractors Confidential liquidator report from…
Shutterstock photo (RTTNews.com) – Indian shares look set to open largely unchanged on Wednesday as politicians trade barbs on the merits and demerits of demonetization. While Congress leader Manmohan Singh called it an “organized loot”, Finance Minister Arun Jaitley called the note ban an ethical drive, a moral step that made corruption difficult.…
Reuters GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
Like many department stores, Sears Canada has struggled with competition from specialty stores and online retailers. Its bankruptcy will eliminate some 12,000 jobs and leave 16,000 retirees worried about their pensions. Its just the latest signal that employees and regulators should rethink their approaches to defined-benefit pensions. Pensions are promises Pensions represent deferred wages, money…
Stricter rules are in place now for the approval process of resolution plans submitted under the insolvency law, wherein an applicant’s antecedents and credit worthiness will be checked. The amendments related to the corporate persons resolution process has been made amid rising number of cases being filed under the insolvency law and concerns in certain…
Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: Entrepreneurship is not just about starting businesses. Getting out on the other side, ideally richer than before, is just as important. Unless youre one of the lucky few who start and take a company public…
By: ENS Economic Bureau | New Delhi | Published:November 8, 2017 1:54 am (Representational Image) In what would make it tougher for unscrupulous elements, including promoters, to manipulate the insolvency resolution process of a stressed firm, the government on Tuesday amended the Corporate Insolvency Resolution Process Regulations, providing for more stringent scrutiny of resolution applicants…