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Two subsidiaries of Pacific Andes request to be declared bankrupt

HONG KONG
Wednesday, March 29, 2017, 02:50 (GMT + 9)

As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. PAIH’s representatives explained that one of the primary reasons for the file for relief was to bring the Pacific Andes Group’s many creditors into a single forum so that there could be an efficient, effective and transparent group-wide restructuring of the entire Group’s capital structure. The objective is to maximize value for all creditors and stakeholders and to prevent adverse action from third parties frustrating the integrity of the restructuring efforts. In the Courts of the Virgin Islands, the firm’s representatives have seen a number of such attemp... FULL STORY

Spain
Andalusia promotes marine microalgae biorefinery development
Mar 29, 00:40
The Institute of Agricultural Research and Training (IFAPA) and the University of Almeria have signed an agree... FULL STORY
Malta
WWF advocates for new Mediterranean fisheries management approach
Mar 29, 00:30
A Ministerial Conference is being organised by the European Commission (EC) on Mediterranean fisheries in Malt... FULL STORY
Spain
New fishing technology is 'a double-edged sword'
Mar 28, 23:50
A research study conducted by the Institute of Environmental Science and Technology of the Universitat Aut&ogr... FULL STORY
Philippines
Climate change gradually affects tilapia production
Mar 28, 23:10
A new report reveals that the major tilapia producing regions in the Philippines are now experiencing signific... FULL STORY

Argentina
Shrimp assessment survey concluded
Mar 29, 02:10
Shrimp (Pleoticus muelleri) assessment survey in the Gulf of San Jorge and the coast of Chubut concluded on March 23, when the commercial vessel Bogav... FULL STORY

New Zealand
King Salmon requests mussel farm consent
Mar 29, 02:10
New Zealand King Salmon  intends to increase its capacity to farm mussels while it is in the hub of a controversial government proposal to r... FULL STORY

Canada
DFO and fishermen disagree over cod fishery expansion
Mar 29, 01:10
A Department of Fisheries and Oceans (DFO) report outlines that cod stocks off eastern Newfoundland and Labrador continue to rebound, but are still in... FULL STORY
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Mar 29, 01:00 (GMT + 9):
IN BRIEF - Fisheries union calling for 'significant' quota increases amid growth of northern cod stocks
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Mar 29, 01:00 (GMT + 9):
IN BRIEF - Coalition Pushing For Aquaculture Reform
Philippines
Mar 29, 01:00 (GMT + 9):
IN BRIEF - Extreme weather hits tilapia output
Iceland
Mar 29, 00:40 (GMT + 9):
IN BRIEF - Changes planned to groundfish processing at HB Grandi
Viet Nam
Mar 29, 00:00 (GMT + 9):
IN BRIEF - Mass shrimp deaths in Tra Vinh
New Zealand
Mar 29, 00:00 (GMT + 9):
IN BRIEF - King Salmon lodges consent for mussel farm in outer Pelorus Sound
Faroe Islands
Mar 29, 00:00 (GMT + 9):
IN BRIEF - BAKKAFROST: Confirmation of pathogenic ISA-virus at A-73 Hvannasund Norður
Gambia
Mar 29, 00:00 (GMT + 9):
IN BRIEF - Senegal, Gambia sign fisheries agreement
Peru
Mar 28, 22:30 (GMT + 9):
Hammerhead shark quota cut
Malta
Mar 28, 21:30 (GMT + 9):
Ministers and international bodies to tackle fishing crisis in Mediterranean
Italy
Mar 28, 06:00 (GMT + 9):
IN BRIEF - Friend of the Sea and the Italian Aquaculture Producers Association sign collaboration
Faroe Islands
Mar 28, 02:50 (GMT + 9):
Bakkafrost confirms pathogenic ISA-virus in farming centre
 

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