“Generally and broadly speaking, the corporate veil may be lifted where associated companies are inextricably connected as to be, in reality, part of one concern… given the facts obtaining presently, we are of the firm view that this was an eminently fit case for lifting the corporate veil, as EIL was the main driving force,”…
The creditors’ meeting unanimously voted in favor of continuing the restructuring. Polo considers itself fully financed through year-end and remains open to an investor entry. Creditors’ meeting unanimously approved the restructuring plan on April 23, 2026 Polo reports high order volumes at the start of the 2026 riding season Company considers itself fully financed through…
Ghent-based chemical group DOMO Chemicals has been declared bankrupt, De Tijd reported on Wednesday after the ruling was published in the Belgian Official Gazette. The group had already sold off most of its main international activities in recent months as it struggled with mounting financial difficulties. Last week, the Ghent Commercial Court declared three Belgian…
Dexin Services Says Controlling Shareholder Declared Bankrupt, Trading to Resume TipRanks Read the original article here
Long-established law firm ceases trading after collapsing into administration – all staff made redundant Insider Media Ltd Read the original article here
A creditor list published this week as part of the Ekati diamond mine’s insolvency proceedings runs to more than 200 names and paints a detailed picture of who stands to lose money if the mine’s owner cannot pay its bills. Arctic Canadian Diamond Company, the Burgundy Diamond Mines subsidiary that owns Ekati, filed for creditor…
The fallout from the Middle East conflict is reversing the economic props that have supported South African businesses, with insolvencies expected to start ticking up in 2026 after several years of decline. This year, local business insolvencies — the state in which companies can no longer pay their debts — are expected to edge up…
Tubos Reunidos enters insolvency after €263m debt crisis MSN Read the original article here
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Vancouver-based fractional real estate investment platform Addy has officially filed a Notice of Intention to Make a Proposal (NOI) in a bankruptcy proceeding, according to filings in the Supreme Court of British Columbia. Addy Technology Corp. initiated the NOI proceeding under the Bankruptcy and lnsolvency Act on April 16, then filed an application to launch…