Eastbourne and Hailsham gift shops close as company goes into ‘voluntary liquidation’

Wednesday, 18 March 2026 16:24 The independent gift retailer Maybugs Limited officially ceased trading on 2 March 2026, leading to the closure of its stores in Eastbourne and Hailsham. The company is currently being placed into creditors’ voluntary liquidation.  Key Closure Details Company Name: Maybugs Limited. Closed Locations:   Official Cease Date: 2 March 2026. Liquidators: Steven Edwards and…

Courts will not tolerate abuse of the business rescue process as a defence against winding up

Faced with a debtor who (i) had repeatedly acknowledged indebtedness yet failed to pay; (ii) argued that the business rescue application lodged on the eve before the liquidation hearing (which application was only issued minutes before the hearing) suspended the progress of the liquidation application; and (iii) raised jurisdictional objections, the Western Cape High Court…

EU Inc.: A new harmonised corporate legal regime

Following the Political Guidelines 2024–2029 of the European Commission and the mission letter of the Commissioner for Democracy, Justice and the Rule of Law, the Commission’s January 2025 Competitiveness Compass announced the creation of a “28th regime” as part of a broader strategy to strengthen the competitiveness of the European economy. The objective is to…