Audit firm, Wbg has warned directors against the repercussions of failing to deal with failing companies in the proper manner and illegal ‘phoenixing’. The caution follows reports that a Scottish company director used a ‘corporate rescue’ process to shut down his winter sports business and dodge paying out money to staff by paying bogus directors…
Haydale places “loss-making” US arm into corporate insolvency process Insider Media Read the original article here
Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company’s board thought to have threatened to put the loss-making postal service – the regulated UK entity that delivers to every address in the country – into a form of administration if a deal cannot be agreed.…
Professional services firm PKF Attest has introduced a new advisory and technical consulting service aimed at mitigating business liability in potential insolvency situations. This service is designed for company executives and high-level management, addressing the proactive measures required by the new European directive to prevent insolvency cases. The initiative has already completed a pilot phase…
The Supreme Court of India has ruled that the Competition Commission of India (CCI) must approve any merger involving a resolution plan under the Insolvency and Bankruptcy Code (IBC) before the Committee of Creditors (CoC) votes on it. The verdict came in the case involving AGI Greenpac’s acquisition of Hindustan National Glass and Industries Ltd.…
NEW DELHI: In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide intentions” and a collusive petition was filed by the financial creditor. NCLT said “there is a nexus and connection”…
Haydale Graphene Industries Plc is a global technology company. The Company is a service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. It has three principal activities: the plasma functionalization of nanomaterials for third party applications through its patented HDPlas process; the development,…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Carter Capner Law is opening a class action against Carnival Corporation due to alleged predatory gambling practices. The law firm has reports of passengers who have racked up debts of up to $25,000. Cruise ship casinos can face different laws and regulations than casinos on land. Earlier this year, Shane Dixon, a father of three,…
The former interpreter for Dodgers star Shohei Ohtani was sentenced to nearly five years in prison and ordered to pay millions in restitution Thursday for bank and tax fraud in the theft of nearly $17 million from the three-time Major League Baseball MVP’s bank account. Ippei Mizuhara, 40, was sentenced to four years and nine…