This week’s TGIF considers the recent Federal Court of Australia decision in PricewaterhouseCoopers Inc in its Capacity as Foreign Representative of IE CA 3 Holdings Ltd v IE CA Holdings Ltd [2024] FCA 1208, concerning a cross-border insolvency application. Key takeaways: PricewaterhouseCoopers Inc in its Capacity as Foreign Representative of IE CA 3 Holdings Ltd v…
Neither the local management nor the company’s lawyers were present at the Luxembourg Commercial Court at 9am on Friday 29 November. However, Liberty Liège-Dudelange and its Luxembourg site were declared bankrupt after the management admitted that it was in suspension of payments. Olivier Wagner was appointed receiver in front of a few journalists and the…
Motions brought by boom-time developer Seán Dunne in an effort to dislodge officials overseeing his bankruptcy have been dismissed by the High Court. Mr Justice Liam Kennedy said Mr Dunne (70) failed to bring new proceedings and instead took a procedurally incorrect route in seeking to challenge the validity of two officials’ appointments within the…
Harland & Wolff, 163-year-old company that built Titanic, declares itself insolvent | Company expects job cuts in non-core operations | Inshorts Inshorts Read the original article here
Keke Palmer is opening up about her child star past — and her once-dire financial straits. The “Nope” actor became her family’s breadwinner while still a young girl. And though that Hollywood gambit ultimately paid off, Palmer recently revealed she’d declared bankruptcy at 18 years of age. “I was so spooked,” she admitted at the Building…
President and founder of Nicholas Wealth Management David Nicholas says the U.S. consumer is ‘singlehandedly carrying the global economy on its back’ in spite of inflation on ‘Varney & Co.’ The Container Store rapidly gained fame through the success of Netflix’s “Tidying Up” series. Today, it could be the next big retailer to go bankrupt. …
KTM’s financial troubles are much worse than many suspected. The company has entered self-administration to undergo a restructuring process in an attempt to stave off bankruptcy. Is a total collapse of one of the world’s leading motorcycle manufacturers near? It was only a week ago that I covered the financial insecurities surrounding KTM and its…
Felix Holidays Group Limited’s directors claimed the company had never traded since it was set up in 2020 Investigations by the Insolvency Service revealed the existence of two American Express cards used to make payments on behalf of its sister company, Felix Travels and Tours Limited Felix Holidays Group also told the bank that its…
The Ahmedabad bench of the NCLT has approved the Rs 48.17 crore resolution plan by Mercury Terra Firma for corporate debtor Shree Rajeshwaranand Paper Mills, an Ahmedabad-based BSE-listed manufacturer of paper and paper products. The resolution plan was earlier approved by the Committee of Creditors (CoC) with 97.36% vote share. The liquidation value of the…
Another part of big four consulting firm PwC could soon have a new home. Street Talk understands that the insolvency arm of PwC’s deals practice, known as Business Restructuring Services, is on the cusp of being sold to public relations and advisory company Teneo in a deal brokered by the big four firm’s veteran dealmaker…