Save (0) Please login to bookmark Close Username or Email Address Password Remember Me After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts. Subscribe to Lawyerly…
Highlights: Investors, lawyers air concern over risks in China’s bankruptcy process China bankruptcies are rising amid economic slowdown, property slump Chuming case raises investor concern over enforcement of bankruptcy laws Chuming, judicial authorities did not respond to questions about its bankruptcy When a Chinese pork producer filed for bankruptcy in 2019, the news came as…
The British owner of New Brunswick small modular nuclear reactor developer Moltex Energy Canada Inc. is up for sale as part of a U.K. insolvency proceeding. Moltex Energy Ltd., a private company based in Stratford-upon-Avon, announced last month the appointment of two insolvency practitioners from accounting firm Azets Holdings Ltd. to manage its affairs. Azets…
Hudson Regional Hospital has officially taken control of Hudson County’s struggling CarePoint Health System, establishing a new, countywide health network. On Friday, a federal bankruptcy court judge confirmed CarePoint’s plan to exit bankruptcy and hand over control of its three hospitals ― Christ Hospital in Jersey City, Bayonne Medical Center and Hoboken University Medical Center…
By Wandoo Sombo The Business Recovery and Insolvency Practioners Association of Nigeria (BRIPAN) is collaborating with the Federal High Court to improve the efficiency of insolvency procedures in the country. The President of the association, Mr Chimezie Ihekweazu, SAN, made this known on Monday in Abuja when he led members of BRIPAN on a visit…
The Official Receiver’s investigation found Sonia Simkins failed to pay £75,000 into the NHS pension fund despite diligently deducting contributions from staff. Simkins, 54, of Foxglove Way, Dudley, ran Hawes Lane Surgery in Rowley Regis as a sole trader leaving the practice vulnerable to her disastrous financial decision-making. In July last year, 4,000 shocked patients…
The construction sector crisis in Luxembourg continues to claim victims, with Schifflange-based company M2T closing its doors and left due to be declared bankrupt at a court hearing this week. The company’s 19 workers, all Portuguese, have been left without a job and “with March’s salary still to be paid”, Márcio Oliveira and Luís Pedro…
Struggling hydrogen electrolyser maker McPhy launches tender to find buyer for itself Hydrogen Insight Read the original article here
How Abengoa Group impacted the Spanish economy EY Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition against Three C Infratech Pvt. Ltd, a subsidiary of the embattled Three C Group, while directing a thorough investigation into allegations of round-tripping and fraud involving its sister concern, Three C Green Developers Pvt. Ltd. The petition, filed under Section 7 of the Insolvency and…