This comes after the family agreed to pay US$3.5 billion to the court-appointed liquidators of the company and top creditor HSBC HIN Leong’s founder Lim Oon Kuin and his two children were declared bankrupt last week, the electronic government gazette published on Friday (Dec 27) showed. Better known in the oil trading industry as OK…
Goodtech Solutions AB Declared Insolvent, Financial Implications for Goodtech ASA TipRanks Read the original article here
A quarter century after its inception — and less than a year after its “full-throated” defense of artificial intelligence in writing — the nonprofit behind the annual National Novel Writing Month (NaNoWriMo) challenge is closing its doors. Kilby Blades, a romance author serving as NaNoWriMo’s interim executive director, announced in a video and in emails…
Quantron emerged as a new player in the commercial electric vehicle market at the end of 2019 – launched by Gersthofen-based Iveco contract partner and commercial vehicle specialist Haller. Andreas Haller is now also keeping the company alive: On 1 April, the remaining Quantron assets and the workforce, which had shrunk to 35 employees, were…
Village Roadshow Entertainment has filed for Chapter 11 bankruptcy protection, a dark turn for the once-prolific film financing company that backed the “Joker,” “The Matrix” and “Ocean’s Eleven” movie franchises. The West Hollywood company blamed its ongoing legal battle with longtime partner Warner Bros. for its collapse, according to a Monday filing in U.S. Bankruptcy…
A site plan for The Residences at Saddle Creek in Boulder. (Saddle Creek Boulder) The developer of spacious duplexes at the entrance to Boulder Canyon has declared his project bankrupt just five days before the units were to be sold at a foreclosure sale. Curtis McDonald, who co-owns the rental firm Juniper Holiday + Home,…
Winsford rogue trader left ‘gaping hole’ in victim’s Cheshire home BBC Read the original article here
Forever 21 could be a step closer to shutting down operations in the US after the brand’s operating company filed for bankruptcy protection. The firm said in a statement that its stores and website in the US will remain open as it “begins its process of winding down”. Forever 21 was once a favourite of…
Provisional judgments and illiquidity in Germany – key insights from a recent case Taylor Wessing Read the original article here
In a landmark judgment, the Supreme Court of India has upheld the resolution plan submitted by Piramal Capital and Housing Finance Limited (formerly Dewan Housing Finance Corporation Limited, or DHFL) for the insolvency resolution of DHFL, setting aside the National Company Law Appellate Tribunal’s (NCLAT) order that had partially modified the plan. The apex court’s…