Gail’s boss condemns Labour over worker’s rights plans: Serial entrepreneur Luke Johnson says some of his companies won’t survive – and insolvency firms will be ‘rubbing their hands’

Bankruptcy

By RORY TINGLE, HOME AFFAIRS CORRESPONDENT FOR MAILONLINE Published: 20:49 AEDT, 29 November 2024 | Updated: 23:15 AEDT, 29 November 2024 The chairman of Gail’s has warned some of his businesses ‘might not survive’ the Labour government as he criticised it for ‘crushing’ the private sector. Luke Johnson, a former boss of Pizza Express who…

Lilium faces legal trouble in the US

Bankruptcy

According to a report in the German Manager Magazin, the first class action lawsuit against Lilium has been filed overseas. It is said to have been filed in the New York District Court at the beginning of November. According to the business magazine, the lawsuit is directed against the company itself – and specifically against…

Twenty Essex takes Three Stone junior tenant | Robert Li

Bankruptcy

A former Three Stone barrister has transferred his practice to Twenty Essex in London, adding civil fraud, insolvency and company law strengths. London barristers’ chambers Twenty Essex has added Mark Baldock as a tenant, effective yesterday (27 November). He has joined following nearly four years at Three Stone where he completed his pupillage. Baldock’s practice…

‘Delays arising from statutory compliance not force majeure’; NCLT admits insolvency proceeding against Raheja Developers

Bankruptcy

National Company Law Tribunal, New Delhi: In a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 alleging delays in possession in “Raheja Shilas Low Rise” despite payments by a group of 43 homebuyers, a Division…

Curaçao-licensed BC Game rejects bankruptcy ruling

Bankruptcy

Curaçao-licensed crypto gambling operator BC Game has rejected a November court ruling that declared it bankrupt and has assured its sponsorship partners Leicester City Football Club and esports teams Cloud9 and GuardiaN that it “has no issues with liquidity”. The case against BC Game, heard by Curaçao’s Court of First Instance, relates to bankruptcy petitions filed…