It’s been a rough year for the trucking industry following the red-hot market conditions of late 2020 and 2021. Since the beginning of the year, spot rates have declined by 27.6%, according to the FreightWaves National Truckload Index. On the contract market, which comprises a larger chunk of the trucking industry, the rate to move…
New filings on The Gazette have confirmed that liquidators were appointed at Ancient House Press Ltd on Tuesday (14 January). Lee De’ath and Tom Gardiner of Begbies Traynor (Central) in Colchester have been appointed as joint liquidators of the business. The company’s statement of affairs is currently being processed at Companies House and is expected…
KTM is going through an extremely difficult period. The leading European motorcycle manufacturer has today filed for insolvency at the court of Ried in Upper Austria, initiating a restructuring procedure under judicial supervision. The company failed to pay off its debt 1,8 billion euros towards approximately 2.500 creditors. The total debt of the company and its…
(PDF) The Role of Insolvency Tests: Implications for Indian Insolvency Law ResearchGate Read the original article here
The revised Company Law introduces multiple legal avenues for shareholder exit, including share transfer, share repurchase, capital reduction and company dissolution and liquidation. In exceptional cases, shareholders may also exit by invalidating investment actions or revoking company establishment. Additionally, the new law allows dissenting shareholders to request that the company repurchase their shares in cases…
Regulator applies to liquidate Ithala, 257 000 clients affected News24 Read the original article here
Citizens Advice is one of the most valued organisations in the UK. It offers confidential advice online, over the phone, and in person, for free to anyone – whoever they are, and whatever their problem. In 2022-23, it supported 457,000 people face-to-face nationally, more than double the previous year. Amid economic disruption and the soaring…
Package developed in collaboration with CBSL, SLBA, SME sector representatives, and relevant government agencies Assures the measures were prepared with a long-term perspective to provide breathing space for affected SMEs while ensuring the stability of the banking sector SMEs that obtained credit facilities from a licensed bank classified as stage 3 (on or after…
German company Flight Design, manufacturer of the CTLS and F2 range of aircraft, has filed for bankruptcy in a German court. The company filed papers on 3 December, claiming a six-figure debt and outstanding disputed payments have led to a liquidity issue. The court appointed lawyer Marcello Di Stefano as provisional insolvency administrator, who believes…
