When an international company goes into administration and employees in the UAE are concerned about their end-of-service entitlements, it is important to be aware of several legal points, experts say. International oilfield services company Petrofac laid off 180 people in the UAE earlier this month, after a multibillion-dollar Dutch offshore wind contract was cancelled, as…
Nodwin Gaming International (“Nodwin”), an esports and gaming company, has decided to cease further funding to its majority-owned subsidiary, Freaks 4U Gaming GmbH, a Berlin-based esports and gaming marketing firm. The decision was made after extensive legal and financial consultations and follows years of fulfilling financial commitments without achieving a meaningful turnaround. According to the…
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
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Berlin-based esports and gaming marketing firm Freaks 4U Gaming GmbH has entered preliminary insolvency proceedings, capping off a turbulent period for one of Germany’s most prominent esports service providers and for its majority shareholder, NODWIN Gaming. According to public court records, the Charlottenburg District Court (Amtsgericht Charlottenburg) opened preliminary insolvency proceedings over Freaks 4U’s assets…
BIL Vyapar Limited Enters Corporate Insolvency Resolution Process scanx.trade Read the original article here
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NEW DELHI: The Supreme Court on Friday dismissed a plea of Byju Raveendran, the promoter of Think and Learn Private Limited that operates ed-Tech firm Byju, challenging an NCLAT order which has mandated that the settlement of the BCCI’s claim be placed before the Committee of Creditors. A bench of Justices JB Pardiwala and KV…
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Country Heights to seek damages in Mines Waterfront liquidation, trims Q1 loss NST Online Read the original article here