Councils technically cannot go bankrupt like a company or individual, but the authority’s chief financial officer can issue a section 114 notice, which stops all but essential spending. The council is hoping to avoid that by taking urgent steps to take control of its expenditure. Heather Kidd, the leader of the authority, said: “As a…
SC mulls panel to oversee co-developer for Supertech Realtors projects MSN Read the original article here
NEW DELHI: The Supreme Court on Thursday mulled setting up a committee to oversee the bidding process and appointment of a co-developer for the construction of stalled residential apartments, offices, retail space besides a luxury hotel by Supertech Realtors. Supertech Realtors is a subsidiary of beleaguered realty major Supertech, which is facing insolvency proceedings along…
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project. Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million…
A. INTRODUCTION Nigeria’s business landscape has always been dynamic, but in recent years it has become increasingly volatile. Currency fluctuations, inflationary pressures, tightening access to credit, and shifts in regulatory policies have all combined to push many Companies closer to financial distress. As the risk of being insolvent increases, businesses are finding themselves at critical…
Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Oakville News Read the original article here
The Twente-based startup Superlight Photonics was declared bankrupt this week due to irreconcilable differences between founder Haider Zia and the shareholders about further financing. CEO Cees Links told Bits&Chips he’s currently working with the court-appointed trustee on a restart. “The entire management team is behind this, and at the moment, it’s business as usual for…
Clarity in Singapore: How COMI Is Determined Under the UNCITRAL Model Law on Cross-Border Insolvency | Insights | Jones Day …
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Stay informed about the latest case laws on Company Law with this comprehensive overview as we delve into the latest cases reported in the Company Cases (Comp Cas), focusing on critical issues such as Corporate Insolvency, Banking business, Dishonour of cheque, Securities Market Transactions, Resolution plan, Moratorium, Winding up and Liquidation. (2025) 554 Comp Cas…