The scion of one of Australia’s largest real estate groups has faced allegations his private credit lending firm induced a property developer into a loan, which made a development insolvent as soon as it was signed. Dan White, founder and executive chair of Ray White Capital, took the stand in the Federal Court on Friday…
The state-owned National Oil Corporation of Kenya entered its March “rescue” deal with French energy firm RUBiS Energy already in a condition that the Auditor General regarded as terminal. By the end of the 2023/24 financial year, National Oil was in technical insolvency, as liabilities were KSh 11.6 billion higher than its assets. The company’s…
GeoPura acquires ‘key assets’ and staff from bankrupt electrolyser maker Green Hydrogen Systems Hydrogen Insight Read the original article here
In just under a month after a request from TAP SA to an insolvency court to declare Siavilo (formerly TAP SGPS) bankrupt, a judge has accepted the request and declared the shell company insolvent. The insolvency request was delivered at the Lisbon Commercial Court on July 10 with TAP asking for the case to be…
Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure…
Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure…
Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure…
Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure…
This week’s TGIF considers the recent Supreme Court decision of Re ML & NB Pty Ltd [2025] VSC 444. It concerns the extent to which a plaintiff can rely on a statutory demand issued by a supporting creditor to satisfy the presumption of insolvency. Key takeaways To secure the benefit of a presumption of insolvency…
A Special Bench of the Supreme Court headed by Chief Justice of India B.R. Gavai on Thursday began hearing a review of a May 2 verdict of the court, which rejected a resolution plan submitted by JSW Steel for Bhushan Power and Steel Ltd (BPSL). The apex court judgment had further ordered the liquidation of…