A judicial liquidation is aimed at protecting creditors and is done by a collective procedure. This was held in a judgment given by Mr Justice Ian Spiteri Bailey in Dr Michael Psaila noe vs X before the Civil Court in its commercial jurisdiction. Dr Psaila was representing a BVI company, Mediterranean Overseas Holding Limited and…
RetailDeals BBC Dragon Sara Davies MBE is set to step in and rescue Crafter’s Companion after its directors called in administrators – but can she turn the business around? Davies, who returns for series 22 of Dragons’ Den this Thursday, hopes to save 100 jobs at the Durham firm she founded as student two decades…
Woking council has declared it is in effect bankrupt after admitting a risky investment spree involving hotels and skyscrapers overseen by its former Conservative administration had left it facing a deficit of £1.2bn. In what is thought to be the biggest financial failure in local government history, the Surrey council said it had issued a…
In all three regions saw an increase in the number of companies being declared bankrupt in 2024. – In Flanders there was a record number of bankruptcies for the second year running: 6,674. This is 5.49% more than in 2023. – In Brussels, a total of 1,969 companies were declared bankrupt, a rise of 15.08%…
Director of Yorkshire firms given nine-year ban for ‘scheme designed to undermine the insolvency system’ The Yorkshire Post Read the original article here
The founder of RBG Holdings has said the listed legal services group is “insolvent” and that he would consider suing its board for an allegedly “defamatory’’ statement made to the market as it ousted him from the firm on Wednesday morning. In an escalation of the bitter boardroom battle, RBG announced a consultancy agreement with…
Lilium Enters Insolvency Proceedings and Sells Subsidiary Assets Amid Leadership Changes TipRanks Read the original article here
It doesn’t roll off the tongue as KTM does, but by the end of this piece, you’re going to know a little more about the Austrian metal foundry called Vöcklabrucker Metallgießerei GmbH. For one thing, it’s been around for a long time—since 1955, in fact. That means, if you’re doing the math, it was due to celebrate…
A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took…
A partially built home where construction stalled after the 2024 collapse of Grandeur Homes. The collapse of more than 3000 construction firms has legal and building industry figures worried about government plans to fix Australia’s housing crisis with a new home boom. Australian Securities and Investments Commission figures released on December 23 show 3217 Aussie…