Customers complained they did not receive the kitchens they had paid deposits for to Smart Choice Kitchens Limited and Empire Kitchens and Bathrooms Limited A phoenix company, Connect Kitchens Limited, was suspected of being set up to continue the same operation The three companies, connected by a shared director, were shut down in court…
Significantly more company bankruptcies in Switzerland Keystone-SDA Listen to the article Listening the article Toggle language selector … Read the original article here
A London court has sentenced German tennis great Boris Becker to jail for two years and six months for hiding hundreds of thousands of pounds of assets after he was declared bankrupt. Key points: Judge says Boris Becker will serve half his sentence behind bars and the remainder on licence Becker was previously convicted of tax evasion in Germany in…
Forever Companies, the parent firm of Diamond Nexus and other lab-grown sellers, “has been on the verge of insolvency for several months,” its counsel said in a legal filing, entered Jan. 30 in Illinois federal court. Edmund J. Ferdinand III, an attorney who represented Forever Companies in a trademark case brought by GM Casting House,…
Background and Proceedings The High Court recently delivered a significant judgment in the case involving MPB Developments Limited, where a winding-up petition was filed by Cresta Estates Limited, Luxor Properties Limited, and Stanbreck Properties Ltd. The petition was presented on the grounds of the company’s alleged inability to pay its debts, as outlined under section…
Epicure has $5.7M shortfall, bankruptcy trustee says Times Colonist Read the original article here
The insolvency watchdog has proposed a raft of regulatory changes, including a two-staged approval process for rescue plans, part-sale of stressed firms and a new mechanism to handle bankruptcy of interconnected entities of a corporate group, to speed up resolutions and prevent the erosion of toxic asset value. In a discussion paper, the Insolvency and…
The insolvency watchdog has proposed a raft of regulatory changes, including a two-staged approval process for rescue plans, part-sale of stressed firms and a new mechanism to handle bankruptcy of interconnected entities of a corporate group, to speed up resolutions and prevent the erosion of toxic asset value. In a discussion paper, the Insolvency and…
Getty Images Christine Jiaxin Lee used the error to buy luxury goods, authorities had claimed Australian prosecutors have dropped charges against a Malaysian woman who allegedly withdrew A$4.6m (£2.6m; $3.5m) following a banking error. Christine Jiaxin Lee, 22, was alleged to have spent much of the sum on luxury items, such as jewellery and handbags.…
No COMI? No big deal! Hong Kong courts reaffirm their position on recognition of foreign insolvency proceedings Taylor Wessing Read the original article here