Court says new financing during a 14-day appeal window could revive rehabilitation talks A Homeplus store in Seoul (Im Se-jun/The Korea Herald) The Seoul Bankruptcy Court terminated Homeplus’s rehabilitation proceedings Friday, pushing the retailer closer to liquidation and leaving it a narrow 14-day window to secure fresh funding and appeal the ruling. The court found…
Bernise Carolino of Law Times shares that the Ontario Superior Court approved Field Aviation’s US$800,000 sale of aircraft-modification intellectual property to Draken without a formal marketing process, finding the data had value only to the buyer. Read the original article here
Fazle Masum imported raw tobacco without the necessary approval from HM Revenue and Customs (HMRC) The tobacco was intercepted by Border Force in 2022 after being hidden in vacuum-sealed tins disguised as furniture His company, Unique Enterprise Ltd, was fined nearly £153,000 and later went into liquidation owing almost £175,000 A Glasgow company director has…
A new report shines a light on the sudden closure and liquidation and reveals that unsecured creditors face losing £1.7m. The liquidators’ report shows “there will be insufficient funds to enable a distribution” to a secured creditor, Close Brothers Limited, of St Giles Shopping Centre Holdings Limited. The sudden closure of the company that operated…
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Homeplus Fails to Secure 200 Billion Won, Rehabilitation Procedure Terminated…Effectively Faces Liquidation 아시아경제 Read the original article here
A tarpaulin banner outside a Homeplus store in Seoul, June 28 / Yonhap Homeplus, Korea’s second-largest hypermarket chain, is heading toward liquidation after a court terminated its rehabilitation proceedings, ruling that the cash-strapped retailer had no viable path to carrying out its turnaround plan, according to industry officials, Friday. The Seoul Bankruptcy Court dismissed Homeplus’…
The excitement of major sporting events such as the FIFA World Cup is encouraging more South Africans to try sports betting, but a personal finance expert says the dream of a big win can quickly become a financial problem. Laura du Preez, Editor of Smart About Money, said many people are drawn into sports betting…
Homeplus Collapses Over 200 Billion Won Shortfall… Liquidation Countdown Begins 아시아경제 Read the original article here
REVEALED: Latest business liquidations in Belmont The Daily Telegraph Read the original article here