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Romania adopts insolvency law to ensure honest business environment

Romania adopts insolvency law to ensure honest business environment by ER/XINHUA 16.04.2014 Romania’s Chamber of Deputies, or the lower house of the parliament, on Tuesday passed an insolvency bill to ensure honest business environment.      The bill proposes “an insolvency code that puts together all the regulations governing….” http://www.neurope.eu/article/romania-adopts-insolvency-law-ensure-honest-business-environment-0

Sorgenia adviser to meet creditor banks on Thursday-source

Sorgenia adviser to meet creditor banks on Thursday-source MILAN, April 16 Wed Apr 16, 2014 (Reuters) – The adviser of troubled Italian energy group Sorgenia will meet creditor banks on Thursday with a final deal over debt restructuring in sight, a source close to the matter said. “The deal is within reach, there will be… Continue Reading

Spain’s Vertice 360 Declares Insolvency

Spain’s Vertice 360 Declares Insolvency 4/16/2014 by Pamela Rolfe Spanish stock exchange authorities suspended trading on the company after the announcement. MADRID – Spanish media conglomerate Vertice 360 has declared insolvency and filed for a suspension of payments, which paves the way for a court….” http://www.hollywoodreporter.com/news/spains-vertice-360-declares-insolvency-696729

Crisis hit Co-op set to unveil loss of up to 2.5 billion pounds

Crisis hit Co-op set to unveil loss of up to 2.5 billion pounds LONDON Thu Apr 17, 2014 (Reuters) – Britain’s Co-operative Group will report a loss of more than 2 billion pounds on Thursday, laying bare the full damage done by disastrous acquisitions, a drugs scandal and an exodus of executives that have put… Continue Reading

ARITA National Conference 2014 – program available now

ARITA National Conference 2014 – program available now Unsubscribe Forward View Email in Browser Dear Paul We are pleased to announce that the final program for this year’s National Conference in Melbourne is now available. Click here to download your Conference program This year’s event takes a fresh approach to the most relevant and critical… Continue Reading

14-085MR Sonray director jailed following $46 million collapse

14-085MR Sonray director jailed following $46 million collapse Thursday 17 April 2014Former sole director of Sonray Capital Markets Pty Ltd (Sonray), Mr Russell Andrew Johnson, has been sentenced to six-and-a-half years in jail.Today’s sentence, handed down in the Victorian Supreme Court, comes as a result of ASIC’s investigation into the company, which collapsed in 2010… Continue Reading

PINTEREST– CHRISTMAS WAREHOUSE

PINTEREST– CHRISTMAS WAREHOUSE 17 APRIL 2014 | PINTEREST   Paul Fordyce • 2 hours ago The parent company that operates The Christmas Warehouse has gone into voluntary administration. Expressions of interest are being sought. Read more: www.pmflegal.com/.…” http://www.pinterest.com/pin/347480927472006114/?show_reg=True&invite_code=1da298822a31e763f666667de99d6bfe&utm_campaign=sendpinnoreg&e_t=4a6c8ab9d6fb4227a3f94e841657f805&utm_content=347480927472006114&utm_source=31&e_t_s=button&utm_medium=2006

$6 million Christmas decorations business collapses

$6 million Christmas decorations business collapses Thursday, 17 April 2014 | Eloise Keating A Sydney decorations business with annual sales of over $6 million has entered administration. Manfred Holzman of Holzman Associates was appointed administrator of The Christmas Warehouse parent-company Retail Marketing Systems on April 14. The administrator is currently….” http://www.smartcompany.com.au/finance/cashflow/41600-6-million-christmas-decorations-business-collapses.html?utm_source=SmartCompany&utm_campaign=35d19da01c-Thursday_17_April_201417_04_2014&utm_medium=email&utm_term=0_234118efee-35d19da01c-93735706

Bankrupt developer to spend Easter in jail

Bankrupt developer to spend Easter in jail Thursday Apr 17, 2014 A now-bankrupt developer who duped a family into buying properties from his company will spend Easter in jail after an urgent attempt for a second appeal against his sentence failed this morning. Glenn Cooper bought….” http://www.nzherald.co.nz/crime/news/article.cfm?c_id=30&objectid=11239941&ref=rss

Argentina’s fight with bondholders reaches U.S. top court

  Argentina’s fight with bondholders reaches U.S. top court By Lawrence Hurley | WASHINGTON Thu Apr 17, 2014 (Reuters) – The U.S. Supreme Court on Monday wades into Argentina’s multi-billion dollar legal fight with bond investors who turned down two debt restructuring offers after the country’s 2002 default. The relatively narrow case that the nine… Continue Reading