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The Elgin-based firm entered “compulsory liquidation” last week on May 5. The independent firm appointed liquidators earlier this month(Image: Getty Images ) A Scottish carpet and flooring company has gone bust recently. It’s just the latest firm to collapse amidst the ongoing challenging retail environment. The Floor Studio, which was located in Elgin, Moray, entered…
Music technology and professional audio company inMusic has signed a definitive agreement to acquire Native Instruments, the Berlin-based music tech firm behind Kontakt, Traktor, iZotope, Plugin Alliance, and Brainworx. The deal, announced on Friday (May 8), comes roughly three months after Native Instruments entered preliminary insolvency proceedings in Germany. The transaction is expected to close in the coming weeks, inMusic and Native…
DealsManufacturing Newcastle robotics firm Wootzano has resumed trading after the Court of Session in Edinburgh halted liquidation proceedings. It followed the confirmation of approximately £237 million in contracted distribution agreements in a report submitted to the court. The court granted a sist – a Scottish legal mechanism that pauses the liquidation process and allows a…
The Reliance Communications Limited on Sunday said officials of the Central Bureau of Investigation carried out a search and seizure operation at the residence of Grace Thomas, a non-executive and non-independent director of the company, on May 9. In a regulatory filing, RCom said the search was conducted in connection with her earlier role as…
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Convenience retail real estate owner Eagles Investments Group has filed for Chapter 11 bankruptcy protection, according to filings with the U.S. Bankruptcy Court for the Northern District of Alabama. Eagles owns…
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Convenience retail real estate owner Eagles Investments Group has filed for Chapter 11 bankruptcy protection, according to filings with the U.S. Bankruptcy Court for the Northern District of Alabama. Eagles owns land connected to 20 locations…
As US troops withdrew from Somalia in the spring of 1994, a teenaged Muse Omar Jama began working as an exchange trader in Mogadishu’s Bakara market. More than three decades later, he still does the same job, but wonders for how much longer. Jama, 49, sits in a plastic chair in the one-room office he…
Arbitration clauses in Memoranda Of Understanding (MOU) do not bar insolvency proceedings when debt and default are established, the National Company Law Tribunal’s Mumbai bench has held while admitting PS IT Infrastructure & Services Ltd into insolvency. “The presence of an arbitration clause in an MoU does not oust the jurisdiction of the Adjudicating Authority…
Bombay HC: NCLT Has Jurisdiction Over Internal Company Mismanagement Disputes BW Legal World Read the original article here