Going for broke: sequestration is a last-ditch option to becoming debt-free – IOL
Going for broke: sequestration is a last-ditch option to becoming debt-free IOL Read the original article here
Dong Sung Bio Pharm declares bankruptcy over 100 million won unpaid bills – Chosun Biz
Dong Sung Bio Pharm declares bankruptcy over 100 million won unpaid bills Chosun Biz Read the original article here
The ‘false comfort’ of extended temporary insolvency law measures and the need for deeper structural reform | Netherlands | Global law firm
Many businesses and industry groups are currently advocating for the Treasurer to extend the temporary six month exemption from insolvent trading liability for directors – due to expire on 25 September 2020 – and to also adopt other interim relief measures such as a prohibition on liquidators recovering unfair preference payments to creditors. It had…
Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases – The New York Times
Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases The New York Times Read the original article here
Insolvency-related activity and business start-up rates fall in Yorkshire and Humber
Dave Broadbent, chair of R3 in Yorkshire New business starts-ups and insolvency-related activity had both fallen across the UK and in Yorkshire and the Humber last month, according to the latest research from the UK’s insolvency and restructuring trade body, R3. The findings, based on an analysis of data provided by Creditsafe, show an 18%…
Sex trafficker made ‘more than £2m’ from life of crime
A sex trafficker who duped Chinese women into travelling to Scotland and forcing them into prostitution made more £2 million from his life of crime, a court has heard. Jagpal Singh,55, obtained a total of £2,688,927.46 from criminal activities, judge Lord Summers heard on Monday. He was given a 10 year jail term in September…
NCLAT dismisses insolvency plea against PepsiCo India – Moneycontrol
NCLAT dismisses insolvency plea against PepsiCo India Moneycontrol Read the original article here
Company behind London art galleries which claimed to sell works by Banksy and Andy Warhol is shut down
Artwork Holdings Ltd, formerly Yield Gallery Limited, described itself as “contemporary art specialists offering the purchase and investment of artwork to the public” Insolvency Service investigations into the company found conflicting accounts as to whether it was trading, inaccurate accounts, and a suspected under-payment of VAT and corporation tax The company has been shut down…
Yorkshire and Humber sees drop in insolvencies and start-ups – Rotherham Advertiser
Yorkshire and Humber sees drop in insolvencies and start-ups Rotherham Advertiser Read the original article here
Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. “It…