© Green Hydrogen Systems © Green Hydrogen Systems Green Hydrogen Systems has announced that it will undertake substantial job cuts as it undergoes an administrator-led restructuring. The Danish electrolyser maker entered a restructuring process on March 10 after filing for insolvency after efforts to secure additional financing collapsed. The District Court of Kolding appointed an…
Equity is supporting members in challenging the liquidation of events company Sneaky Experience, which recently shut down despite owing thousands of pounds to performers, businesses and members of the public. Curious Yellow Events Ltd, operating under the name Sneaky Experience, wrote to creditors last Friday notifying them of an intention to close the company. Andrew Benfield…
LONDON: The United Kingdom government has formally listed Hassan Nawaz, son of PML-N President and former Prime Minister Nawaz Sharif, as a ‘tax defaulter’, after he reportedly failed to pay £9.4 million in dues. According to updated records on the UK government’s official website, Hassan Nawaz accrued the unpaid taxes between April 5, 2015, and…
Victoria has overtaken Queensland as the big state with the fastest-growing total of construction industry wrecks, highlighting the precariousness of a sector in which contractor Roberts Co shut its Victorian doors and John Holland swung to a $55.5 million loss from two infrastructure projects. New figures this week from the Australian Securities and Investments Commission…
The latest insolvency statistics from the Government, released earlier this week, showed liquidations in the accommodation and food service industry fell 7% in the 12-months to January 2025, from 3,747 in January 2024 to 3,474. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January, and were up…
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The Semarang City Commercial Court has granted the request of one of PT Sri Rejeki Isman’s Tbk (Sritex) creditors to maintain the continuity of debt payment obligations (PKPU), thus declaring the legendary textile company bankrupt. Semarang City Commercial Court Spokesperson, Haruno Patriadi, said in Semarang, Central Java, on Wednesday, October 23, 2024, confirming the decision that befalls PT Sritex to go bankrupt. According to…
Katie Price has vowed to become a millionaire again after being cleared of her two bankruptcies, her representative confirmed to Yahoo UK. Once the former glamour model was said to be worth between £40-45 million. In recent years, the 46-year-old has been declared bankrupt twice but now her solicitor has said Price’s debt has been…
Hassan Nawaz, son of former prime minister and PML-N leader Nawaz Sharif, has been declared a tax defaulter by the UK government. According to the latest list published on the UK government’s official website, Hassan Nawaz failed to pay £9.4 million in taxes between April 5, 2015, and April 6, 2016. British tax authorities have…
The final date to submit an EoI for buying Jaypee Group’s flagship company, which is reportedly valued at Rs 17,300 crore, is March 25. The group has its businesses across different industries, including engineering, construction, power, fertilizer, healthcare and real estate. Its assets include cement plants with an annual capacity of 10 million tonnes and…