A recent meeting of the Niceair bankruptcy estate has confirmed that creditors will not receive any funds, as the estate was declared assetless. According to the list of claims, creditors had filed for a total of 184 million ISK, consisting of 32.5 million ISK in priority claims, 144 million ISK in general claims, and an…
Bankruptcy and beyond: The fate of licensed intellectual property during bankruptcy and insolvency Dentons Read the original article here
New Delhi: Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but has yet to issue a notice after SpiceJet sought time to respond. The next hearing has been…
Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam Monthly payments of around £30 were made without customers’ knowledge or permission, complainants said Both companies have now been shut down in court following investigations by the Insolvency Service Two connected tech companies which claimed…
Ilma is an Associate in the Restructuring and Insolvency Team in Freeths’ Sheffield office. Ilma joined the team in December 2019 and, following the completion of her training contract, qualified as an Associate in June 2024. She has experience in both corporate restructuring and insolvency matters. Ilma advises a wide range of stakeholders involved in…
Robert Young, Partner in Restructuring and Insolvency at Azets. Credit: Azets. Registered company insolvencies in the UK rose by 2.9% in February 2025, with 393 companies facing compulsory liquidation, according to business advisory group Azets. Azets is an international business advisory group, employing 9,000 experts across 190 locations in eight countries, with more than 100,000…
Topline A lawsuit accusing Greenpeace of defamation and efforts to disrupt the construction of the Dakota Access Pipeline with protests went to trial on Monday, as the environmental advocacy group says the litigation could bankrupt the organization. A Texas-based company claims the environmental advocacy group tried to delay construction of the … More Dakota Access…
A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA Read the original article here
21 March 2025 On 11 March 2025, the Ministry of Law (“MinLaw”) launched a public consultation to seek feedback on the recommendations by the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime (“Committee”). The public consultation closes on 8 April 2025. Allen & Gledhill Partner…
Ecom Teams insolvent following dispute with Danske Bank Sporting Goods Intelligence Europe Read the original article here