REVEALED: Liquidator appointments for businesses in the Port Macquarie-Hastings council area for October 2 The Daily Telegraph Read the original article here
Temprol Enterprise Carnforth Ltd, which traded as The Canal Turn on Lancaster Road, entered a creditors’ voluntary liquidation with insolvency practitioner Sam Shepherd appointed as liquidator on September 7. The company’s registered office is listed as Aston Road North, Birmingham, while its principal trading address is given as Lancaster Road, Carnforth, LA5 9EA. The Canal…
An electric vehicle charging station at a building in Seoul. /Courtesy of News1 It was found on the 2nd that 6,600 electric-vehicle chargers installed in apartment complexes in Korea have become useless due to operators’ financial troubles. That amounts to 1.2% of the country’s EV chargers. Large apartment complexes often entrust one or two operators…
Vivonio completes sale to Büromöbel Big Furniture Group Read the original article here
REVEALED: Liquidator appointments for businesses in the Clarence Valley council area for October 1 The Daily Telegraph Read the original article here
Is AI adding another layer to business distress? GT Advisory points to an emerging risk for already stretched businesses Medianet News Hub Read the original article here
SINGAPORE – Crystal Jade’s holding companies in Singapore and Hong Kong have been placed under receivership – but what does that mean? There has been a slew of recent news about distressed companies, ranging from those under receiverships to those that face liquidation. The different circumstances a distressed company finds itself in also affect employees…
The Supreme Court of Victoria has set aside a winding-up order on the basis that a company has proved solvency, and ordered the company to pay the plaintiff for “wasted costs”. A trustee has lost its bid to wind up a company after the court found that it had proved solvency with an excess of…
OpenWeb, the advertising technology firm once valued at $1.5 billion, has entered insolvency proceedings in Israel. It’s the latest turn in a dramatic reversal of fortune for a company that raised hundreds of millions of dollars and has worked with hundreds of premium publishers. The Tel Aviv District Court this week declared OpenWeb insolvent and…
The Tel Aviv District Court this week declared OpenWeb insolvent and ordered the appointment of a temporary receiver following a request from Mars Growth Capital, part of Liquidity Group, according to the Israeli business publication Globes. Mars is seeking to enforce liens on OpenWeb’s assets over roughly $20 million in outstanding debt, Globes reported. The…