THE future of Ostwald Bros still hangs in the balance, with interested parties set to decide within weeks whether to dissolve or save the business. Dozens of unsecured creditors met with the administrators for the struggling civil construction company in Toowoomba yesterday, as further details were revealed about its financial woes. PriceWaterhouse Coopers’ Derrick Vickers…
TORONTO, Sept. 6, 2017 /CNW/ – GSNH LLP continues to build and strengthen its growing Restructuring & Insolvency Group with the arrival of Jennifer Stam. Jennifer was previously a Partner at Gowling WLG. Jennifer’s joining the Group reinforces its position as a leading insolvency law boutique offering clients sophisticated insolvency expertise with an entrepreneurial, facilitative…
The future of 44 jobs have been saved after funding was secured to set up a new renewable energy company. Greener For Life Energy Ltd, based at Cleave Farm, Templeton, Tiverton, which had been trading for three and a half years, went into liquidation on August 29. However, a number of the directors of the…
The Liverpool event’s second day was cancelled, with some punters calling the festival ‘shambolic’ and ‘dangerous’ The company behind Hope & Glory Festival has gone into liquidation. The inaugural event, which was held on August 5-6 in Liverpools St. Georges Quarter, was plagued by an onslaught of problems on its first day. Organisers were forced…
Balcatta-based electrical, fire and security service provider Global Electrotech has gone into liquidation after creditors appointed DCS Advisory to the failed business, which owes about $1.2 million. Global Electrotech fell into the hands of WA Insolvency Solutions as administrators in 2013, but gained control several months afterwards with a deed of company arrangement, while the…
Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work. Brierty, which has failed to recover from both the mining downturn and cost blowouts on a Main Roads project last year, said it had appointed Matthew…
Question: My family business has been operating successfully for nearly 20 years. Over time I have also managed to get a few investors into the business. The last year, however, has been tough and we are struggling to make ends meet. I feel it is decision time about the future of the business, but…
Written by Sunny Verma | New Delhi | Published:September 6, 2017 1:26 am Amrapali Silicon City has defaulted on total repayment of Rs 71.15 crore, which comprise Rs 59.38 crore of principal overdue and Rs 11.77 crore of interest and penal interest. The National Company Law Tribunal (NCLT) has appointed Rajesh Samson of Deloitte Touche…
Barely a week after the collapse of embattled surf and skate wear retailer SurfStitch Group, administrators have received a proposal to restructure and relist the company an outcome that would preserve some value for long-suffering shareholders. The confidential proposal was received on Tuesday morning before the first SurfStitch creditors meeting at the company’s headquarters at…
Business News Legal Live Business By Chris Cooke | Published on Tuesday 5 September 2017 The company behind the two day Liverpool music festival Hope & Glory, which was called off half way through after severe over-crowding on day one, resulting in a series of car crash communications from organisers, has gone into liquidation. As…