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  • September 17, 2014
  • Last updated: 11:17pm
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  1. Business - Companies

    Fisker can seek vote on plan to distribute sale proceeds

    Posted Jun 11th 2014, 01:15am by BLOOM

    ... Bloomberg Wilmington, Delaware Fisker can seek vote over sale proceeds Fisker Automotive, the defunct maker of luxury plug-in cars, won bankruptcy court permission to seek creditor votes on a liquidation plan that will distribute proceeds from a US$149.2 million asset sale. US bankruptcy judge Kevin Gross yesterday approved the company's disclosure statement, an explanation ...

  2. Business - China Business - LEGISLATION

    Why stigma holds back China's bankruptcy law

    Posted Aug 12th 2013, 12:00am by Victoria Ruan

    ... Siyuan Stigma holds back bankruptcy law More than two decades after the mainland's first bankruptcy law was passed, Cao Siyuan, who is credited with being the architect of the law, said Beijing was lagging in actively enforcing the provisions, and that their scope needed to be expanded. A trial bankruptcy law was approved in December 1986 after a bumpy year-long legislative ...

  3. News - World - WEALTH

    Arrest of Russian oil tycoon prompts comparisons with fall of Yukos boss

    Posted Sep 17th 2014, 09:30pm by AFP

    ... of orchestrating his downfall. After being pushed into bankruptcy, Yukos was carved up and sold off in opaque auctions to state companies, with Rosneft buying up the best assets. The arrest ...

  4. Lifestyle posts 38.8pc interim profit growth

    Posted Aug 10th 2010, 12:00am by Charlotte So

    ... Lifestyle International Holdings, operator of Hong Kong's Sogo and the mainland's Jiuguang department stores, reported a 38.8 per cent year-on-year growth in net profit for the first six months on strong recovery in retail sales. The company is ...

  5. Long jail terms for Moulin fraud pair

    Posted Dec 03rd 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih Top executives of Moulin Global Eyecare Holdings have received some of the longest jail sentences for commercial crime in Hong Kong's history. Ma Bo-kee, the former chairman of the bankrupt eyewear maker, was sentenced to 12 years in pri ...

  6. Business - Companies

    Railway in deadly Quebec explosion files for bankruptcy

    Posted Aug 08th 2013, 10:47am by Reuters

    ... Reuters in Ottawa and Wilmington, Delaware The railway whose runaway train killed 47 people in Lac-Megantic, Quebec, last month filed for bankruptcy protection in Canada and the United States on Wednesday as it faces mounting pressure from authorities to pay for the disaster cleanup. Montreal, Maine & Atlantic Ltd (MMA) filed for bankruptcy in both countries to preserve ...

  7. Business - Companies

    Railway in Quebec disaster gets Canada bankruptcy protection

    Posted Aug 09th 2013, 01:53pm by Reuters

    ... Reuters in Montreal and Bangor, Maine The US railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court ... Castonguay told the courtroom after approving the bankruptcy protection for MMA’s Canadian unit. Also on Thursday, a US federal judge in Maine ordered the appointment of a federal trustee to oversee ...

  8. Business - Economy - UNITED STATES

    Once-mighty Motor City files for bankruptcy

    Posted Jul 19th 2013, 06:00am by AP

    ... Corey Williams and Ed White in Detroit Once the very symbol of American industrial might, Detroit became the biggest US city to file for bankruptcy on Thursday, its finances ravaged ... path offers a way out,” Governor Rick Snyder said in a letter approving the move. Kevin Orr, a bankruptcy expert hired by the state in March to stop Detroit’s fiscal free-fall, made the filing ...

  9. Business - Economy

    Federal judge sets first hearing in Detroit bankruptcy case

    Posted Jul 23rd 2013, 11:08am by Reuters

    ... Reuters in Detroit A federal court judge has set the first hearing in Detroit’s bankruptcy case for Wednesday to take up the city emergency manager’s request to put state lawsuits challenging the bankruptcy filing on hold. US Bankruptcy Court Judge Steven Rhodes agreed on Monday to the expedited hearing requested by emergency manager Kevyn Orr in response to a Michigan court ...

  10. Business - Economy

    Detroit set to beat bad-faith charge over bankruptcy

    Posted Jul 26th 2013, 02:52pm by Reuters

    ... Reuters in Wilmington, Delaware Meetings without the chance for any back and forth, unreturned phone calls and brusque tactics. To opponents of Detroit’s bankruptcy filing, emergency manager Kevyn Orr has utterly failed to negotiate with them. But retired city workers, who are fighting to stop their pensions from being cut, and hope to stop Detroit’s bankruptcy by claiming ...




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