New Zealand has been experiencing a striking rise in company failures, focusing attention on the role of directors when facing financial trouble. Corporate insolvencies have now reached their highest levels in 15 years, with thousands of firms entering liquidation or other formal processes in 2025. This surge has coincided with a new Law Commission review…
Tasmanian food and beverage company TasFoods has entered voluntary administration. In an ASX announcement, the company said following the unsuccessful attempts to sell its Nichols Poultry business, the board of TasFoods determined that voluntary administration is now the most appropriate way to restructure the group. “Control of the group now rests with the administrators who…
The prestigious Pegasus Golf and Sports Club in Canterbury has been put into voluntary liquidation. The club announced the liquidation on March 6 in a social media post, and reassured its members the club would remain open during this time. “The course, clubhouse, and all day-to-day activities continue as usual, and we’re very much looking…
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Hope but no certainty for 160 workers as TasFoods goes into administration The Advocate | Burnie, TAS Read the original article here
RSL Statement 95.3 Coast FM Read the original article here
Spectrum Now Public Property, Outside Insolvency The Supreme Court has firmly declared telecom spectrum as public property, explicitly excluding it from the Insolvency and Bankruptcy Code (IBC) asset pool. This ruling marks a significant shift in India’s financial and legal landscape. It moves beyond the immediate impact on telecom companies, re-establishing a clear legal hierarchy.…
TasFoods Enters Voluntary Administration After Failed Nichols Poultry Sale TipRanks Read the original article here
Hyzon, Motors 12.03.2026 – 01:31:51 | boerse-global.de Hyzon Motors is in final liquidation after shareholder vote. Shares now trade OTC following Nasdaq delisting, with no expected value for common shareholders after creditor payouts. Hyzon Motors Equity Faces Final Dissolution as Liquidation Proceeds –…
Genifis, Final 12.03.2026 – 01:08:03 | boerse-global.de Genifi’s corporate dissolution enters its final phase. The timeline for a final capital distribution to shareholders depends on tax clearance and asset sales in the fintech market. Genifi’s Final Phase: Liquidation Proceeds and Shareholder Payouts –…