Macau Asia Satellite Television (MAST) was declared bankrupt by the Court of First Instance last week, TDM reports. The troubled Chinese-language broadcaster’s creditors have until mid-September to file their repayment claims. Established in 2001, MAST has been engaged in labour disputes since around 2018 – both in Macao and in Taiwan. The station broadcasts in…
OTTAWA — Insolvencies rose 12.1 per cent last year compared with 2023, with business insolvencies leading the way, up 28.6 per cent. Construction, transportation and warehousing, and accommodation and food services were the sectors that saw the biggest increases in insolvencies in 2024, according to the Office of the Superintendent of Bankruptcy. Insolvencies include both…
New Year hangover: company liquidations jump in January The Press Read the original article here
A former Aberdeen takeaway boss has been banned from being a company director for seven years after employing three illegal workers. Qiqing He, 54, hired the workers at the now-closed Chinese Cooking takeaway on Holburn Street. Immigration Enforcement officials raided the premises in September 2022 and discovered three workers, all Chinese nationals in their 50s…
Wood Markets News Rettenmeier Holding Acquires Large Share of Insolvent Ziegler Group’s Operations International Markets Posted on February 3, 2025 The timber group Rettenmeier Holding AG has acquired the sawmill and other significant parts of the wood processing division of the Ziegler Group, its insolvency administrator announced on Friday, BR24 reported (1-31-25). Specifically, Rettenmeier will…
Articles – Landmark Judgments of Supreme Court on Insolvency and Bankruptcy Code (IBC) The Law Advice Read the original article here
The University of York is facing a financial crisis and are consequently trying to lower their running costs, but there is significant concern about how this will affect students’ experience, as well as the quality of teaching. Nouse spoke to a staff member from the TFTI department who said: “Every department had to produce a…
Abhishek Bachchan, who has been an entrepreneur for many years now, recently spoke about his investments, and said that there was a time when he was signing films just to fund his sporting business. But, he said, that isn’t the case anymore. The actor said that this strategy took the joy out of creative work,…
Owner of defunct Ponsonby restaurant SPQR declared bankrupt Stuff Read the original article here
Israeli auto-tech company GuardKnox, which has raised $60 million to date, has filed for insolvency after accumulating debts of NIS 11 million ($3.06 million). Founded in 2016 by Israel Air Force veterans Moshe Shlisel, Dionis Teshler (who was the company’s CTO before leaving two and a half years ago), and Idan Nadav, Guardknox developed an…