Clothing retailer Jeanswest has collapsed, with more than 90 stores set to close within months and hundreds of employees set to lose their jobs. The company confirmed the news on Wednesday, with administrators citing increasingly tough trading conditions in the Australian retail sector. Jeanswest entered administration in January 2020, but was rescued by Hong Kong…
Ola Electric responded by strongly disputing the claims and also contended that it would take all necessary legal steps to protect its interests. The company mentioned it was already in the process of renegotiating contracts with its vehicle registration agencies including Rosmerta. This renegotiation was cited as the reason for a temporary dip in vehicle…
79680 Meetings and Events Australia (MEA), the country’s longest-standing industry body for the events sector, will be entering voluntary administration after 50 years of service to the events industry. MEA will cease operations and appoint an administrator with MEA noting that rising operating costs and declining financial backing had made it unsustainable. These challenges were…
US data center operator Switch has raised $3.5 billion, which it will use to refinance its existing debt. The DigitalBridge-owned company has secured the cash in two separate transactions – a $2.4 billion commercial mortgage-backed security loan (CMBS) and a $1.1 billion asset-backed security (ABS) issuance. A statement from Switch said the company will use…
Nikola Goes Bankrupt, Capping Troubled EV Maker’s Long Slide Bloomberg Read the original article here
Source: Straits Times Article Date: 21 Mar 2025 Author: Selina Lum Judge finds he intended to gift properties, making her both the legal and beneficial owner. The High Court on March 20 dismissed a claim by motoring tycoon Peter…
Katie Price has revealed her bankruptcies gave her a “wake-up call” and made her take control of her financial affairs. The TV star was first declared bankrupt in 2019 and then again in March 2024 after failing to pay a £750,000 tax bill. After six years, the 46-year-old’s second bankruptcy was discharged earlier this month,…
TV personality and former soldier Ant Middleton has been banned from being a company director after his business failed to pay more than £1 million in tax. The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of…
Furrry Pet Group UK Ltd has been shut down after it was revealed its sole director was Darren Anderson Anderson, who has used several different aliases, has been disqualified as a company director for the maximum 15-year period on three separate occasions The 41-year-old failed to comply with the Insolvency Service’s latest investigation and accounts claiming…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that the interest cannot be added to the outstanding liability when there is no contract between the parties to this effect and no past practice justifying…