The Government has announced a two-phase process seeking to reform corporate governance laws. In the first phase the Government is looking to update corporate legislation to reflect modern business practices, make compliance simpler and deter and detect poor business practices. In other words, this phase seeks to resolve uncontroversial problems to improve the performance of…
European subsidiary of the textile chain aims for a new start Clothing retailer Scotch & Soda has filed for bankruptcy again. As the company announced, S&S Europe BV, the Northern European retail and e-commerce organization of the clothing brand Scotch & Soda, was declared bankrupt on Wednesday. Scotch & Soda was already insolvent in 2023…
Embattled Australian electric vehicle fast-charger company Tritium is on the lookout for buyers after its directors declared the company to be insolvent and called in administrators. April 22, 2024 David Carroll Tritium has declared itself insolvent and self-appointed administrators and insolvency administrators appointed by creditors have assumed control of the Queensland-headquartered electric vehicle (EV) charging…
The city centre of Birmingham. [Photo/VCG] Fears grow over fate of more councils after Birmingham files for insolvency Local governments in the United Kingdom went into panic mode on Wednesday after Birmingham City Council effectively declared itself bankrupt. Authorities warned that more councils across the UK could declare themselves in financial dire straits. Birmingham City…
KNP Logistics, described by its administrators as one of the United Kingdom’s largest privately owned logistics groups, declared itself insolvent on Monday, blaming a ransomware attack back in June. Approximately 730 employees will be made redundant as a result of the administration process, although one of the group’s key entities has been sold, saving about…
Lusix, Benny Landa’s synthetic diamond company, is on the verge of filing for insolvency. The company informed its creditors of its intention to do so but did not specify the exact timing. Calcalist has also learned that the company informed its shareholders last week that it urgently needs to raise $15 million for ongoing operations…
Mexico’s Geo says declared bankrupt by court Reuters Read the original article here
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Katie Price has broken her silence after an arrest warrant was issued for her over a failed court appearance for unpaid taxes. The glamour model, 46, was scheduled to appear at a London…
Lady Gaga might have lots of money right now, but she was bankrupted after her ‘Monster Ball’ tour, with $3 million (£2.5m) debts. It might just seem like a blip in her history, considering she’s managed to bounce back and bigger than ever, but that’s not a small amount of money to lose. Now, she…
The government appointed commissioners to help run the council in February. Changes were already being overseen by a government-appointed board following the collapse of council-owned Robin Hood Energy in 2020, but commissioners now have direct decision-making powers. Council leader David Mellen said councillors voted “with great reluctance”. “Nobody was pleased to vote in favour of…