If your business is experiencing financial difficulties and is likely to fail, you may need to close your doors to avoid making the situation worse than it already is. You have a legal duty to cease operating when there is no chance of your business recovering and paying back its...
Liquidation is the process of gathering the assets of a business to settle the corporate debts. Once this process is completed, the business is then dissolved. One should not rush into this; it is important to take advice about whether this is the best route for your business. If it...
Evolutionary theory studies selection processes by which organizational entities exit environments that they do not fit, but most work has underemphasized the distinction between selection of firms and selection of their underlying capabilities. This paper argues that the extent of organizational capabilities that struggling firms possess affects the type of...
Bankruptcy and marriage frequently turn out to be an unhappy combination. At its best, bankruptcy is a tool for newlyweds to “cleanse” one of the spouses of debt before the couple moves forward together. At other times it can serve the purpose of simplifying issues before the dissolution process begins....
JACKSONVILLE, Fla. -- NovaBone Products, LLC NBP has released a new form of the synthetic bone graft, NovaBone Putty[R] bone graft substitute. "Surgeons now have a synthetic that handles more easily," said Arthur Wotiz, CEO of NovaBone Products. "NovaBone Bioactive Synthetic Graft is the only bone graft substitute that has...
NEW YORK -- At a special meeting of stockholders held this morning, the stockholders of North American Insurance Leaders, Inc. (the "Company") have voted to approve the dissolution of the Company and its proposed plan of liquidation. The Company had filed its definitive Proxy Statement regarding its proposed dissolution and...
VIENNA AFP — Austria's parliament on Wednesday approved a law that will further limit smoking in bars and restaurants, in a last-minute move before voting its own dissolution ahead of early elections in September. The new law, which will come into force on January 1, 2009, will force...
VIENNA AFP — The Austrian parliament approved its own dissolution by a unanimous vote Wednesday, two days after the two ruling parties announced the end of the coalition government. The dissolution, proposed by the five parties represented in parliament, now paves the way for early elections, due on...
Sigma-Tau Pharmaceuticals, Inc. is pleasedto announce the acquisition of Chenofalk® chenodeoxycholic acid fromthe Germany-based, Dr. Falk Pharma GmbH. Chenofalk® is approved inGermany for the dissolution of gallstones, and Sigma-Tau's Germanaffiliate, Sigma-Tau Arzneimittel GmbH, will immediately assumedistribution of this important medicine, ensuring there is no interruptionin availability to patients. The acquisition...
GIG HARBOR, Wash. -- LION, Inc. (OTCBB:LINN) today announced that its shareholders had approved the sale of substantially all of the assets of LION to Beanstalk Networks dba OpenClose[R] pursuant to an asset purchase agreement between Beanstalk Networks Acquisition LLC and LION dated as of May 12, 2008. As a...
AS THE NEVER-ENDING PUBLIC slugfest between former New Jersey governor Jim McGreevey and ex-wife Dina Matos McGreevey demonstrates, the dissolution of a marriage is hard--harder still when the separation involves a coming-out. The anger and self-doubt accompanying any divorce is exponentially greater for the straight wives or husbands...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD MAIR Holdings Inc (NASDAQ: MAIR) has announced that, on 25 June 2008, the company's shareholders voted to approve its dissolution and plan of liquidation. As a result the company will proceed with the process of formally dissolving under Minnesota law....
TEHRAN AFP — The journalists' association in Iran said on Saturday it would take legal action against the labour ministry over steps which could lead to the union being closed. The move came after the labour ministry declared the association as "fit for dissolution" earlier this week because...
New York State Court of Appeals 'Res Judicata' Non-Final Determination Landau PC v. LaRossa, Mitchell & Ross 1 No. 99 Appealed from the Appellate Division Background: At issue...
MAIR Stock to be Delisted MINNEAPOLIS & ST. PAUL, Minn. -- On June 25, 2008, the shareholders of MAIR Holdings, Inc. (the "Company") (NASDAQ: MAIR) voted to approve the Company's dissolution and plan of liquidation. The Company will now proceed with the process of formally dissolving under Minnesota...
C.A. Bancorp Inc. ("C.A. Bancorp" or the "Manager") (TSX: BKP) as manager of the Sentry Select Total Strategy Fund ("Total Strategy" or the "Fund") announces an update on the progress of matters in connection with the winding-up and dissolution of the Fund. As previously announced, at the special meeting of...
Tara Gold Resources Corp. (PINKSHEETS: TRGD)(FRANKFURT: T8N) announces the acceptance and full return of the LaMillonaria, Curcurpe and Picacho Groupings from La Camera Mining Inc.Neither La Camera Mining Inc. nor Tara Gold Resources Corp. will hold anyclaim of gain or liability, now or in the future, regarding the optionagreements and...
Israel's Labour Party yesterday took a first step towards backing a bill to dissolve parliament in a move designed to increase the pressure on Prime Minister Ehud Olmert to resign in response to corruption allegations. On the face of it, the decision puts Labour's leader Ehud Barak...
Talk Will Cover the Use of Pharsight Software for In-Vitro / In-Vivo Correlation Modeling in Drug Development MOUNTAIN VIEW, Calif., June 23 /PRNewswire-FirstCall/ -- PharsightR Corporation , a leading provider of software, strategic consulting, and regulatory services for optimizing clinical drug development, today announced that Jason Chittenden,...
