As US troops withdrew from Somalia in the spring of 1994, a teenaged Muse Omar Jama began working as an exchange trader in Mogadishu’s Bakara market. More than three decades later, he still does the same job, but wonders for how much longer. Jama, 49, sits in a plastic chair in the one-room office he…
Arbitration clauses in Memoranda Of Understanding (MOU) do not bar insolvency proceedings when debt and default are established, the National Company Law Tribunal’s Mumbai bench has held while admitting PS IT Infrastructure & Services Ltd into insolvency. “The presence of an arbitration clause in an MoU does not oust the jurisdiction of the Adjudicating Authority…
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Chesterfield bar and restaurant closes down permanently – with company set to be liquidated Derbyshire Times Read the original article here
What signal is released by securities firms’ addition of the ‘115% immediate liquidation line’? 富途牛牛 Read the original article here
Debt relief for war-affected businesses: The EBRD and Ukrainian banks launch a new relief mechanism. ubn.news Read the original article here
Bombay HC: NCLT Has Jurisdiction Over Internal Company Mismanagement Disputes BW Legal World Read the original article here
A street in central Caracas, Venezuela, on April 30. The United States has granted Venezuela permission to hire financial advisers to begin restructuring its debt. (Photo: The New York Times) On April 15, a group of developing countries launched the Borrowers’ Platform to create a more powerful collective voice in debt-management discussions and international financial…
Warehouse One and Bootlegger liquidation, Warehouse One clothing closure, and Bootlegger store shutdown in Canada are dominating headlines as a major Canadian retail collapse unfolds. Warehouse One Clothing Ltd., the parent company behind both Warehouse One and Bootlegger, has confirmed it will liquidate all 128 stores across Canada, marking one of the most significant fashion…
Ascend Airways has axed all flights with immediate effect and will now surrender its UK Air Operator’s Certificate (AOC). The company was established in 2004 but traded under its current name for only three years. As a “wet-lease” operator, the airline provided aircraft to carriers including Oman Air, Air Sierra Leone and TUI Airways. Also…