Results for New Zealand
- Jasons Travel In Receivership
NZAX-listed tourism marketing company Jasons Travel Media has suspended trading after being placed in receivership and breaching stock exchange listing rules, The Dominion Post reported. The company, which distributes travel information in print and ...
Daily Headline - global.abi.org - 12/02/2013 - 00:21 - 0 comments
- English Tackles LVR Critics
A fall in the number of first-home buyers in the housing market is an issue in Australia as well, which suggests rising prices are to blame, rather than the Reserve Bank's mortgage restrictions, says Finance Minister Bill English, The New Zealand ...
Daily Headline - global.abi.org - 11/18/2013 - 23:22 - 0 comments
- David Ross Gets 10 Years, 10 Months Jail
The man behind what is thought to be New Zealand's largest Ponzi scheme has been sentenced to 10 years and 10 months in prison, The New Zealand Herald reported. Wellington financier and former head of the Ross Asset Management group, David Ross, ...
Daily Headline - global.abi.org - 11/14/2013 - 21:42 - 0 comments
- Dairy Sector Highly Indebted, Vulnerable
New Zealand's dairy sector is still highly indebted and vulnerable to a fall in record high commodity prices and rising interest rates, according to the Reserve Bank, The New Zealand Herald reported. High levels of agricultural debt, which is he ...
Daily Headline - global.abi.org - 11/12/2013 - 21:35 - 0 comments
- Solid Energy Secures Restructuring Deal With Banks
Solid Energy has secured its restructuring deal with most of its banks and the Government following a series of meetings today in Christchurch, The New Zealand Herald reported. The state owned coal miner said it received "majority support" ...
Daily Headline - global.abi.org - 10/22/2013 - 16:48 - 0 comments
- Tachikawa In Breach Of Bank Covenants Ahead Of Receivership
Tachikawa Forest Products (NZ), the owner of the Rotorua sawmill tipped into receivership last week, was in breach of its banking covenants for the past two years, and had its 2012 accounts tagged by auditors over a working capital deficit, Scoop.co.nz r ...
Daily Headline - global.abi.org - 10/21/2013 - 21:05 - 0 comments
- Solid Energy Court Challenge Likely To Fail
A move by the Bank of Tokyo to challenge the Solid Energy debt restructuring deal could backfire, leaving the bank being owed even more money, says Finance Minister Bill English, The New Zealand Herald reported. A debt restructuring process aimed at ...
Daily Headline - global.abi.org - 10/16/2013 - 21:36 - 0 comments
- BNZ, Bank Of Tokyo-Mitsubishi And TSB Bank Will Be Forced To Take The Biggest Trims On Solid Energy Debt
The BNZ, Bank of Tokyo-Mitsubishi and TSB Bank are the Solid Energy lenders who will face the biggest "haircut" on monies owed by crippled state coal miner Solid Energy, Interest.co.nz reported. Bank of Tokyo-Mitsubishi is reported to be taking ...
Daily Headline - global.abi.org - 10/14/2013 - 21:24 - 0 comments
- Legal update on insolvency law
Releasing an antecedent debt or forbearing to sue does not constitute real or substantial value. Attachment Size buddlefindlay.pdf 376.19 KB (New Zealand, Oceania) bankruptcy,insolvency,headlines,ar ...
Resource Article - twallace@abiwor... - 10/21/2013 - 14:44 - 0 comments - 1 attachment
- Small Business Fears Over New Loan Rules
A small business accounting specialist is warning new bank lending restrictions which come into force today will make it tougher for people to buy, grow and fund small businesses, The New Zealand Herald reported. Matthew Bellingham, chairman of the p ...
Daily Headline - global.abi.org - 10/01/2013 - 19:39 - 0 comments