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Interpath appointed joint administrators of BGL Contracts Limited

Glasgow-based electrical contractor BGL Contracts Limited has entered administration, resulting in the loss of all 40 jobs after facing mounting financial pressures. The firm, which has operated for almost 20 years, appointed Interpath managing directors Alistair McAlinden and Geoff Jacobs as joint administrators. The company specialised in electrical fit-out work for clients across sectors including…

QPM Energy enters administration threatening $200 million Queensland power project

An aspiring Queensland gas-to-power developer backed by General Motors, Macquarie Group and the Northern Australia Infrastructure Facility has collapsed into administration, threatening the $200 million construction of a new gas power station in the state. McGrath Nicol was appointed as voluntary administrator of QPM Energy, while receivers were appointed to the coal seam gas production…

How Can a Third Party Resist a Liquidator’s Section 335 Examination in Singapore?

Insolvency practitioners in Singapore hold a formidable investigative tool. Section 335 of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) lets the court compel not only a bankrupt but any third party who may hold relevant information, including family members, to appear for examination and to produce documents about the bankrupt’s affairs, dealings and property.…