Cryptocurrencies pose risks to investors and regulators
JusNewSG
LAWYERS’ MONTHLY NEWSLETTER
December 2017
The Monetary Authority of Singapore (MAS) recently issued an advisory to warn the public of the risks in investing in cryptocurrencies. The MAS expressed concern that members of the public may be attracted to invest in cryptocurrencies due to the recent escalation in their prices.
Read the article here.
UK state contractor collapses, putting 43,000 jobs at risk
LONDON (AP) — One of the British state's biggest contractors collapsed Monday, putting thousands of jobs at risk, after creditors and the government refused to bail out a company struggling under the weight of more than 1.5 billion pounds ($2.1 billion) of debt.
Read the article here.
IML's Christmas Newsletter December 2017
Welcome to Insolvency Management’s Christmas newsletter. We hope you will find it practical and informative.
The Dunedin, Christchurch and Auckland offices of Insolvency Management will be closed from noon Friday 22nd December and will re-open on 15 January. We hope you have a safe and relaxing Christmas break.
Fletcher Building apologises for estimated $160m loss this year
Stuff.co.nz
Last updated 10:53, October 25 2017
Fletcher Building's chairman has apologised to shareholders as he warned of another big hit for the troubled building company.
Its buildings and interiors business unit is now forecast to make additional losses of $160m in the year to the end of June after a review by KPMG.
Read the article here
Year-old Challenge Steel liquidated, directors abandon ship
Stuff.co.nz
CHRIS HUTCHING
Last updated 10:20, October 5 2017
Christchurch-based Challenge Steel has been placed into voluntary liquidation one year after it was launched by businessman Bert Govan. Read the article here.
Analyst comments on Topshop
CATHERINE HARRIS
Last updated 12:09, September 8 2017
The collapse of global fashion brand Topshop in New Zealand is unlikely to slow the ongoing invasion of international retailers to New Zealand, an industry commentator says. Read the article here.
Topshop in Liquidation - troubled times for clothing retailers
Topshop, Topman the latest in retail clothing struggles.
By: Francis Cook
Business writer, NZ Herald
Topshop and Topman join a long list of clothing retailers to hit troubled times in New Zealand in the last couple of years. Read the article here.
Incorrect steel delays Christchurch airport hotel opening
Stuff.co.nz
AMANDA CROPP
Last updated 16:41, August 4 2017
A mistake with steel for Christchurch airport's new 200-room hotel has delayed its opening by several months.
The $80m Novotel Christchurch Airport due to for completion in December will now open in late January or early February..read more here.