Receivers of bankrupt publican Jon Adgemis have sold four of his Sydney venues including the South Bondi Hotel, Hotel Diplomat, the Empire Hotel and Claridge House for about $130 million. McGrathNicol was appointed as receiver to manage five assets of Public Hospitality’s portfolio in October, four of which have now been sold. The Exchange Hotel…
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Court’s decision The Supreme Court of India partly allowed cross-appeals arising from insolvency proceedings of a corporate debtor and held that insolvency adjudicating authorities under the Insolvency and Bankruptcy Code cannot, in the guise of Section 60 jurisdiction, conclusively decide rival claims of title over a registered trademark. Setting aside the declaration that the trademark…
Jodie Wildridge, R3 The number of corporate insolvencies rose by 0.2% in 2025 compared to 2024, climbing to 23,938 businesses, despite a 10% fall in insolvencies in December. Personal insolvencies increased by 7% in 2025 compared to 2024, rising to 126,240 from 117,958. Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body…
Keppel Ltd. Announces Voluntary Liquidation of Subsidiary Key Highlights Keppel Ltd. has announced that its wholly-owned subsidiary, Flemmington Investments Pte. Ltd., will undergo a member’s voluntary liquidation. The decision was formally disclosed by the company, indicating a strategic move to wind down this particular subsidiary. The company has clearly stated that the liquidation is not…
Low Keng Huat (Singapore) Limited: Members’ Voluntary Liquidation of Subsidiary Vista Mutiara Sdn. Bhd. Low Keng Huat (Singapore) Limited (“LKHS” or the “Company”) has announced that its indirect wholly-owned subsidiary, Vista Mutiara Sdn. Bhd. (“VMSB”), which is incorporated in Malaysia, has commenced a members’ voluntary liquidation. Liquidators have been formally appointed to oversee the process.…
Native Instruments is in preliminary insolvency proceedings, meaning that it must liquidate assets in order to continue operating as a business. Native Instruments (NI), a staple software and gear brand among electronic musicians, has entered into preliminary insolvency hearings with the German government. Insolvency proceedings in Germany differ from those of bankruptcy in the US…
Music tech company Native Instruments has entered preliminary insolvency proceedings, according to Create Digital Music (CDM). According to documents seen by CDM, Prof. Dr. Torsten Martini is listed as a preliminary insolvency administrator for the Berlin-based company and will see out the restructuring process. CDM’s report also highlights that its current status means Native Instruments’ “various assets”…
The Bangladesh Bank has decided to drop three non-bank financial institutions from the immediate liquidation process while placing five others under resolution to proceed towards winding up. The decision was taken at a Bangladesh Bank board meeting on Tuesday. Earlier, the central bank had decided to declare nine non-bank financial…
Native Instruments – one of the world’s leading manufacturers of music-making software and hardware – has entered preliminary insolvency proceedings, it has been revealed. According to a report by Create Digital Music, Prof. Dr. Torsten Martini has been appointed preliminary insolvency administrator for the Berlin-based company, and will be responsible for restructuring the company and…