Meta, the company behind the Meta 2 tethered AR headset, is going through what they call a restructuring amidst a patent infringement lawsuit filed in summer of last year, and a recent asset liquidation that Meta claims has left the company insolvent. Update (January 11th, 2019): Following evidence of court correspondence where the company…
The parent firm of Cambridge Analytica,SCL Elections Ltd, has been hit with a fresh fine of 15,000 (16,500) including costs, for failing to comply with an enforcement notice delivered by the UKs data protection authority, the Information Commissioners Office (ICO). The firm had been ordered to respond to a request to hand over the personal…
Hansa Heavy Lift, which is close to being declared insolvent, has now had six ships arrested in total. However, creditors will have to wait a little longer before submitting claims against the Hamburg-based carrier. Photo: Hansa Heavy Lift Log in to read our articles Welcome to ShippingWatch. A part of our content is exclusive and…
Dear Sir/Madam,This is to inform you that pursuant to the Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the Interim Resolution Professional of the Company has called the first meeting of the Committee of Creditors of Kwality Limited, which is schedule to be held on…
With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of what is probably the more difficult part of the Insolvency and Bankruptcy Code. With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of…
The collapse of Alpha in May meant structural warranty policies with the company ended immediately. Advantage offers advice on how to ensure vital cover is maintained Thousands of new homeowners have been left without vital structural defects insurance after insurance carrier Alpha went bust. Many homeowners who require the 10-year structural defects insurance will still…
Business leaders may increasingly find themselves falling afoul of the law, with an insolvency specialist warning that a looming credit squeeze could see the volume of such cases increase rapidly. Ginette Muller (pictured), of insolvency firm Jirsch Sutherland, said that the property downturn and banking royal commission are weighing heavily on banks and lenders, which…
NOIDA: The 3C Company on Thursday became the third major Noida-based developer after Jaypee and Amrapali to become embroiled in insolvency proceedings. In response to a plea by buyers who have not received their flats, the National Company Law Tribunal (NCLT) appointed an interim resolution professional to resolve the financial liabilities of Granite Gate Company,…
newsletters, editors-pick-list, Martin Building Services, liquidation, builder, Denis Martin, James Shaw, Shaw Gidley, insolvency ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and…