Timeshare company Ultiqa fined $900,000

Ultiqa, which was now in liquidation, was found guilty in May 2022 of its advisers giving advice that was not in consumers’ best interest or appropriate to their circumstances. The upfront cost of joining the scheme was between $10,000 to $25,000, with ongoing annual fees of up to approximately $800. The Court previously declared that…

Ssense founders can buy back company, court rules

Atallah brothers’ $78-million buyback bid moves forward despite several creditors’ objections. Montréal luxury e-commerce platform Ssense will return to the hands of its founders after an unsuccessful attempt by its lenders to block a deal.  The bid includes plans for the business’ continued operation, a cash payment of $58.5 million, and assuming some liabilities.…

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