SINGAPORE – The liquidators of a Singapore company caught in the Wirecard scandal have been barred from using millions in frozen funds to bankroll future lawsuits, which a High Court judge said have poor prospects of success. Instead, the liquidators of oCap Management should focus on winding up the company and “distribute what remains of…
REVEALED: Latest business liquidations in Wakefield Adelaide Now Read the original article here
Embassy Developments Secures Bengaluru Land, Exits Insolvency, But Valuation Questions Persist Whalesbook Read the original article here
The bankruptcy case for Global One Media, the operator of seven stations in Nevada and New Mexico, has shifted fully into liquidation mode two years after the Rich Hudson-led company first sought court protection. Bankruptcy Judge Michael Nakagawa has approved the proposed $550,000 sale of the company’s assets to William Hudson’s Aegis Media Holdings. Trustee…
Numbers of property firms in a ‘red flag’ state of ‘critical financial distress’ leapt 19% this year, shocking new figures reveal. In response, a leading insolvency expert has now predicted many companies will go bust or be bought by larger agencies. During the first three months of this year, the total of ‘real estate and…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Stratacache, a company that sells in-store digital screens to retailers, is liquidating the U.K. arm of its business. The process includes Stratacache U.K. as well as its company PRN U.K., according to public records. The filings indicate that both Stratacache U.K. and PRN U.K. will close, selling off assets to pay creditors. The companies’ creditors…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
South Korea SME bankruptcies surge across sectors as cash flow tightens – CHOSUNBIZ Chosunbiz Read the original article here