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JOSEPH JOHNSON/STUFF Students from Avonmore Tertiary Institute are considering their next moves after the college announced its voluntary liquidation on
Bon-Ton Stores Inc., the more than century-old department store chain that declared bankruptcy in February and shut its doors Wednesday, may be close to a comeback.
The rights to relaunch the retailer and its subsidiary brands are close to being acquired, according to people familiar with the matter who requested anonymity because the deal is not yet final.
The reinvented Bon-Ton would be a sleeker, more e-commerce focused business, the sources told USA TODAY. While the relaunched company will be centered around its website, there are also plans to reopen physical locations in Illinois, Colorado, Wisconsin and P…
An early Mario Mandzukic goal and a second-half strike from Blaise Matuidi gave Juve their third win in as many league games this season, although Ronaldo was left without a goal in his first 270 minutes with the Turin side.
Ivorian forward Gervinho scored in between for Parma, his first goal since joining them in the close season.
Earlier on Saturday, Inter Milan midfielder Radja Nainggolan scored on his injury-delayed debut to set them on the way to their first win of the season as they beat Bologna 3-0 away.
“(Ronaldo) has to deal with different difficulties in Serie A but he had a good game overall,” said Juventus coach Massimiliano Allegri. “The international break will make him sharper.
MONTREAL, Aug. 31, 2018 /PRNewswire/ – BioAmber Inc. (the “Company”) (OTCPK: BIOAQ) announces that following a Court order issued on August 28th, 2018, the stay period ordered by the Court in connection with its restructuring process under the terms of the Companies’ Creditors Arrangement Act has been extended until September 18th, 2018, in order to give enough time to the Company, along with its monitor PricewaterhouseCoopers (“PWC”), to carry out the recently initiated liquidation process.
As a result of the liquidation process, all of the directors and officers of the Company and its subsidiaries have resigned, leaving PWC to oversee the process in its role as monitor, under the supervision of…
The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip and may be detrimental to the interest of various stakeholders as also lenders.
The Insolvency and Bankruptcy Code, seeking to facilitate resolution plans guided by the National Company Law Tribunals, ultimately paves way for liquidation of a company if there is no resolution plan during the 270-day resolution phase.
In the liquidation process, a company ceases to be a going concern and its legal identity gets extinguished. The role of the liquidator appointed by NCLT is not to run the entity but to carry out all deeds necessary for liquidating the entity. He holds the liquidation estate as a fiduciary fo…
Accountancy and business advisory firm BDO has strengthened its business restructuring offering in the Midlands with the appointment of a new partner.
Ryan Grant joins the firms Birmingham office today, bringing more than 18 years experience in business restructuring having been a partner at AlixPartners (formerly Zolfo Cooper) for the last eight years.
He has worked across a variety of sectors, including retail, real estate, automotive, manufacturing, and leisure and hospitality. Ryan also works closely with banks, private equity houses and hedge funds, particularly within the mid-market.
His role at BDO will see him enhance the firms existing presence in the West Midlands restructuring market. He will help guide companies through pe…
Rabat Morocco has signed an agreement with the World Bank to engage youth in business, create employment, and reduce the debt to GDP ratio.
The new partnership agreement, set to take effect January 2019, aims to address Moroccos health, socioeconomic, and unemployment challenges.
According to Le360, the World Bank has pledged to give Morocco a helping hand through a five-year plan to achieve improvements that will boost Moroccos economy.
The World Bank has completed its role in achieving the aimed results on solar power, sanitation, roads, social inclusion, and employment through its strategic relation with Morocco during the past few years. The new agreement intends to focus on both creating v…
Created by the Coalition and expanded by Labor, the scheme granted private colleges virtually unregulated access to government subsidies for virtually every student they enrolled.
This created a perverse incentive for some colleges to enrol as many people as they could, sometimes luring them with laptops and other incentives to sign up to often substandard online courses.
Ms Steendam who has taken her fight to the Australian Taxation Office and VET Student Loans Ombudsman was one of its unsuspecting victims.
I hold the government accountable, she told The Sunday Age.
Ms Steendam’s troubles began in 2015 when she enrolled into a double diploma in community services and counselling at the now-defunct Careers Australia.
The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.
The enactment of the Insolvency and Bankruptcy Code (IBC) has created a paradigm shift in the regulatory framework and processes governing corporate insolvency. The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. With the objective to bring more clarity in the process of resolution, the Insolvency and Bankruptcy Board of India (IBBI) recently came out with a third amendment to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons) Regulations, 2016. The amended regulation provides model time-lines for completion of corporate …
We would like to inform you that with a shorter notice vide the Notice dated 26 August 2018 issued by CA Vishal Ghisulal Jain, Interim Resolution Professional, the 1st meeting of the Committee of Creditors of Sterling International Enterprises Limited was held at The Orchid, 70/C, Nehru Road, Adjacent to Domestic Airport, Vile Parle (E), Mumbai 400 099 at 2.30 p.m. on Monday, the 27th day of August, 2018,. The meeting commenced at 2.45 p.m. and concluded at 3.10 p.m. The Committee of creditors has ratified shorter notice and also approved the appointment of CA Vishal Ghisulal Jain, IBBI Registration No: IBBI/IPA-001/IP- P00419/2017-2018/10742, as Resolution Professional Updated list of Creditors as on 27 August 2018 (subject to change on…
S.E.S.s Shoo has reportedly taken out a loan to pay off her gambling debts, as well as to finance other expenses such as legal fees as she faces her lawsuit.
It was recently reported that the celebrity took out a loan of 345 million won (approximately $310,000), with the house that she and her family currently reside in as collateral.
Shoos legal representative stated, Shoo is currently paying for legal fees through her [and her husbands] joint assets, and is willing to pay off her debts. Using the so-called terminology, she was played. The plaintiffs lent Shoo the money, and had her gamble. All of Shoos gambling was related to the plaintiffs. As they actively lent her money, they sent her to all sorts of places and had her debt snowba…
Construction firm HCC‘s real estate firm Lavasa Corporation will face insolvency proceedings with the NCLT on August 30 admitting plea of lenders of the debt-ridden realty firm. Lavasa Corporation is developing a hill city ‘Lavasa’ near Pune in Maharashtra.
In a filing to the BSE, the HCC today said that the National Company Law Tribunal (NCLT) has admitted a plea filed by operational creditors who initiated Corporate Insolvency Resolution Process (CIRP) against Lavasa Corporation under the lnsolvency and Bankruptcy Code.
NCLT appointed Devendra Prasad as Interim Resolution Professional (IRP).
Lavasa Corporation Ltd is promoted by Hindustan Construction Company with 68.7 percent stake. Avantha Group has 17.18 percent…
Students from Avonmore Tertiary Institute are considering their next moves after the college announced its voluntary liquidation on Thursday.
A Christchurch training college has gone into voluntary liquidation, leaving about 140 students and 25 staff in tears and unsure of their futures.
Avonmore Tertiary Institute told staff, students, and government agencies on Thursday that it “can no longer provide most of its courses” in hairdressing, retail, tourism and computer studies.
About 12 students aged 18 and under told Stuff they were “devastated”. They had strugg…
The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.