It seems that the well-known computer cooling systems manufacturer Scythe is in a difficult situation. Its European division is potentially on the verge of closure, and there is a shortage of CPU coolers on the market. The main reason for this situation is that Scythe’s European division has exhausted its working capital and filed for…
Canadian private sector union Unifor has levelled accusations against Hudson’s Bay Company (HBC) for cutting commission-based pay for its workers without prior agreement during the company’s liquidation period. The union asserts this action breaches existing collective agreements and results in a drop in income for employees facing imminent layoffs. As per notification received by the…
The boss of an umbrella company, which failed to pay more than £2.5 million in VAT has been banned as a director. Hubert Omukhulu, failed to accurately declare the amount of VAT Remedy Payroll Solutions Ltd had to pay in 2020 and 2021. The inaccurate returns Remedy Payroll Solutions submitted suggested the company had no…
Hubert Omukhulu failed to declare the correct amount of VAT his Remedy Payroll Solutions Ltd company was required to pay VAT returns submitted by the company in a 15-month period between June 2020 and September 2021 suggested it had little more than £250,000 to pay In reality, the company owed more than £2.5 million in…
Insolvent art auction house Osian’s sold off for Rs 31 crore Insolvency Tracker Read the original article here
Unifor says that Hudson’s Bay Company is illegally slashing workers’ commissions during liquidation. (CNW Group/Unifor) TORONTO — Unifor is calling out Hudson’s Bay Company (HBC) for unilaterally slashing workers’ commission pay during its retail liquidation — a move that Unifor says violates collective agreements and reduces workers’ income as they prepare for mass termination. The…
CPU cooler maker Scythe may be in deep trouble, as reports suggest the company’s EU division is potentially on the verge of shutting down. According to German tech portal Computer Base, CPU coolers from the manufacturer have been in short supply. The primary reason given is that the company’s EU division has run out of…
Bankruptcy, Genetic Information, and Privacy — Selling Personal Information The New England Journal of Medicine Read the original article here
Company closures surge amid fears over health of UK economy MSN Read the original article here
Kolkata: Observing that the Insolvency and Bankruptcy Code (IBC) prohibits initiation of suits or continuation of pending suits or proceedings against the corporate debtor following the initiation of Corporate Insolvency Resolution Process (CIRP), Calcutta High Court quashed notices issued by the Enforcement Directorate (ED) under the Foreign Exchange Management Act (FEMA) against a Kolkata-based jewellery…