A growing number of larger technology companies are scrambling to restructure their operations to avoid insolvency, as stubbornly high labour costs and a tough capital-raising environment mean directors are flirting dangerously with insolvency, new data shows. Tim Klineberg of King & Wood Mallesons says Safe Harbour is a strategy for company owners to consider when…
Qwic bankruptcy also impacts VDL automatic frame production Bike Europe Read the original article here
Even before New York’s Attorney General suggested seizing 40 Wall Street to pay the ex-president’s $457 million in legal fines, the property was facing serious financial problems. By Zach Everson, Forbes Staff Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and…
In short: The Federal Court has ruled Seafarms’ $2 billion prawn project on a NT cattle station is insolvent, pending an appeal. The project entered voluntary administration in February 2023. What’s next? The ABC understands Project Sea Dragon will appeal the decision. Renewed plans to build one of the world’s largest prawn farms on a remote Northern…
The Kuwaiti businessman behind a troubled £2.5bn Kent theme park meant to rival Disneyland has been declared bankrupt. Abdulla Al-Humaidi, who was a key backer of the proposed London Resort development scheme, was confirmed to be insolvent at a High Court hearing last month. It is the latest twist relating to the “Dartford Disneyland” scheme,…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Ireland v England examinerships and administrations Dentons Read the original article here
Kenyan vehicle manufacturer Mobius shutting down, issues notice of insolvency MSN Read the original article here
England Rugby World Cup winner ‘declared bankrupt’ after racking up huge debts The Mirror Read the original article here
London | Britain’s insolvency service has launched a court action to ban fallen Australian financier Lex Greensill from running or controlling any company for 15 years – the toughest possible penalty. The UK Insolvency Service has been investigating the spectacular collapse three years ago of Mr Greensill’s eponymous supply-chain finance company, after insurers pulled the…