The construction sector crisis in Luxembourg continues to claim victims, with Schifflange-based company M2T closing its doors and left due to be declared bankrupt at a court hearing this week. The company’s 19 workers, all Portuguese, have been left without a job and “with March’s salary still to be paid”, Márcio Oliveira and Luís Pedro…
Struggling hydrogen electrolyser maker McPhy launches tender to find buyer for itself Hydrogen Insight Read the original article here
How Abengoa Group impacted the Spanish economy EY Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition against Three C Infratech Pvt. Ltd, a subsidiary of the embattled Three C Group, while directing a thorough investigation into allegations of round-tripping and fraud involving its sister concern, Three C Green Developers Pvt. Ltd. The petition, filed under Section 7 of the Insolvency and…
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Date published: 14 April 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in other specialised construction activities not elsewhere classified. The undertaking was received for six years from Eamon McNamee (58) of Carrowmannan Road, Belleeks, Newry, in respect of his conduct as director…
More than 1,000 directors disqualified following Insolvency Service investigations. Of these, 736 were banned for Covid loan abuse. The report also highlights the average length of a ban was eight years. Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse.…
Although section 442A of the Corporations Act 2001 (Cth) (‘the Act’) gives administrators the power to remove a director from office or appoint a replacement to a company, section 437A of the Act sets out the role of an administrator and specifies that while a company is in administration, the administrator has control of…
Posted: 03/03/2025 The case of SBP 2 S.À.R.L v 2 Southbank Tenant Limited [2025] EWHC 16 (Ch) highlights the importance of careful drafting and robust legal advice when looking to forfeit a lease. Background 2 Southbank Tenant Limited is a WeWork company and the tenant in this claim. WeWork Companies LLC was a guarantor of…
IBC Weekly Round-Up [7th April-13th April 2025] Live Law Read the original article here