The principles guiding the court’s discretion in constituting a COI are well established, and the main goal is to ensure that the composition of the COI is fair, balanced, and conducive to the efficient supervision of the liquidation. The Hong Kong Court recently handed down a decision (Re China Evergrande Group (in liquidation) [2025] HKCFI…
According to a statutory report filed with the Australian Securities and Investments Commission (ASIC) by the liquidator, another company run by Mr Hersee, known as Sage Painting Port Stephens, purchased Sage Painting’s business, intellectual property, plant and equipment before it was placed in liquidation. Read the original article here
Formcrete Construction owes $7.4m as liquidation unfolds BusinessDesk | NZ Read the original article here
Fitch Ratings put a Rating Watch Negative alert on Bally’s Corp.’s debt Monday. The message follows Bally’s announcement of a $3.2 billion sale of Gamesys to Intralot. According to Fitch, the notification “reflects elevated EBITDAR leverage from the pending combination of its international interactive business with Intralot,” as well as the risks involved with its…
Calgary-based robotics company Attabotics files for bankruptcy protection Calgary Herald Read the original article here
Student Debt Relief Services The Department of Financial Protection and Innovation (.gov) Read the original article here
The court, however, found that MIIF is statutorily deemed to be the insurer when it assumes responsibility for a covered claim. Under G.L. c. 175D, § 5(1)(b), MIIF “shall be deemed the insurer to the extent of its obligation on the covered claims and shall have all rights, duties and obligations of the insolvent insurer…
In its recent decision on the autonomy of stakeholders in a voluntary liquidation process, the National Company Law Appellate Tribunal (NCLAT) decisively settled the scope of judicial intervention under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Ld. Appellate Tribunal held that once a corporate debtor has lawfully replaced a voluntary liquidator…
Open this photo in gallery: Attabotics, founded in 2015 by Scott Gravelle, has raised nearly $200-million from investors and lenders, including Ontario Teachers’ Pension Plan Board, Export Development Canada, Coatue Management, Comcast Ventures, Forerunner Ventures and Werklund Growth Fund. It also received $34-million from the federal government’s Strategic Innovation Fund in 2020.Jeff McIntosh/The Globe and…
Kate Moss‘ Cosmoss has officially filed to close all its operations. The skin care and wellness business, launched by the 51-year-old British supermodel in 2022, entered into liquidation proceedings on June 24, according to the company filing. According to the filing, Cosmoss owed about $3 million to its creditors; the majority of which was owed…