Albins, which is the largest high-performance transmission manufacturer in the southern hemisphere, specialises in the design and manufacture of drivetrain components from individual gears, axles, drive flanges and ring and pinions through to complete unit sequential shift transmissions. Read the original article here
Article 232 of China’s new Company Law expressly specifies directors as liquidation group members, while article 238 stipulates their mandatory liquidation duties and associated liabilities. These substantive amendments to the obligations of liquidators have altered the application of liability standards and exemption criteria. This article explores these legal developments through representative case studies, offering preliminary…
Liberty Steel’s Liège facility in Belgium has been declared bankrupt and already attracted attention from multiple potential buyers, sources familiar with the situation tell Kallanish. These include NLMK and ArcelorMittal, according to sources, while Tosyali, rumoured to be among the interested parties for Liberty’s Dudelange unit in Luxembourg, may also be in the running. Neither Liberty,…
Construction on Investa’s stalled $450 million build-to-rent development in Melbourne could resume by June if a new builder can be appointed to replace failed contractor Roberts Co, which went into administration last month, sources close to the fund manager said. The decision by Rich List businessman Andrew Roberts to call administrators into his Victorian company…
Asia Pacific’s leading independent spirits distributor Proof & Company has placed its Australian business into voluntary administration, citing “a local economic downturn” and a “changing” Australian spirits industry landscape. The administration process applies solely to its Australian subsidiary Sa’Pere Drinks, which is currently trading as Proof & Company Australia and includes Australian brands such as…
The major bank has announced policy to help those with student debt access funding for home loans. The Commonwealth Bank of Australia (CBA) has introduced changes to how HECS-HELP debt is assessed, allowing better access to funding. You’re out of free articles for this month Coming into effect tomorrow (9 April), CBA will no…
Kam Kee Holdings faces liquidation proceeding due to financial troubles Dimsum Daily Read the original article here
Techindia Nirman Limited Schedules Fourth CoC Meeting Amid Insolvency Proceedings TipRanks Read the original article here
Exclusive | Wall Street Banks Sell Final Slug of Elon Musk’s X Debt WSJ Read the original article here
Scottish business insolvencies increase by 3% Credit Connect Read the original article here