Around 640 jobs in 20 counties are at risk as the company that operates the EuroGiant chain of discount stores has entered liquidation. It announced the appointment of liquidators on Wednesday. Stores are continuing to trade for the moment, but there are concerns for the 640 jobs in the 77 stores across Ireland. A spokesperson…
An Isle of Wight business has gone into liquidation, bringing an end to more than four decades of trading on the Island. Newport-based Wight Business Services (WBS), located on Daish Way, ceased operations earlier this week. A notice at the premises confirms the company is now in the hands of the official receiver. The building…
Landmark decision on forced contractual assignment and ipso facto clauses: Hudson’s Bay Company ULC et al. In a case that captured the public’s attention throughout 2025, eight objecting landlords successfully opposed HBC’s proposed sale of 25 of its most consequential leases to Ruby Liu Commercial Investment Corp (Central Walk)1. This dispute tested the boundaries…
As the new year begins and everyone starts to sort out their financial priorities, having a clear and workable financial strategy has never been more critical. While service members benefit from steady paychecks (sometimes even tax-free during deployments) — that security doesn’t always translate into financial stability. As many analyze their finances, they find themselves…
New Delhi: In a relief to the ED, the National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, holding that the insolvency proceedings were vitiated by fraud, collusion and malicious intent, a statement said on Thursday. The order was pronounced on Wednesday, with the…
The National Company Law Tribunal (NCLT) has recalled the Corporate Insolvency Resolution Process (CIRP) initiated in the matter of Alchemist Limited, holding that it was vitiated by fraud, collusion, and malicious intent as found allegedly by the Enforcement Directorate. The NCLT, exercising its powers under Section 65 of the Insolvency and Bankruptcy Code (IBC), has…
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An iconic American whiskey brand is teetering on the brink of Chapter 7 liquidation, which would force the sale of its vast vineyards and real estate portfolio. The brand’s financial woes center on a $108 million lawsuit filed by its creditor, Farm Credit Mid-America, which alleges it is owed the staggering sum. But, amid that…
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Corporate insolvencies set to rise again in 2026 as interest rate risks linger: Coface Insurance Business Read the original article here