A letter sent by Opposition leader Chris Hipkins to BlackRock asking for assistance to ensure 160 terminated SolarZero staff are paid what they are owed has been met with silence. Hipkins sent a letter to David Giordano, BlackRock’s managing director of climate infrastructure, on December 4, one week after news broke that NZ’s leading solar…
AB “Panevėžio statybos trestas” (hereinafter referred to as the Company) hereby informs that on December 9, 2024, during an extraordinary shareholders’ meeting of UAB “PST investicijos,” it was decided to liquidate UAB “PST investicijos.” This decision was made considering that UAB “PST investicijos” does not conduct any economic activities, and that the Company, in implementing…
Corporate insolvencies in the UK increased by 13% in November 2024 from the previous month, according to the latest data from the Insolvency Service. The total number of corporate insolvencies stood at 1,966 compared to October’s total of 1,743 and was 12% lower than November 2023’s figure of 2,243. Company insolvencies in November 2024 consisted of…
Around 225 orders, involving payments by customers of €1 million in deposits, were unfulfilled at the time provisional liquidators were appointed to DK Windows and Doors Ltd, the High Court has heard. The Dublin-based company, which provided uPVC windows and doors and aluclad windows in new builds and home renovations, closed earlier this month saying…
Odyssey Semiconductor Technologies (OTC PINK:ODII) has announced a final liquidating distribution of $0.11 per share, totaling approximately $1.6 million, to be paid around December 23, 2024, to stockholders of record as of August 19, 2024. The company, which filed for dissolution on August 19, 2024, currently holds a cash balance…
A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis. The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago. Dubbed “Western Sydney’s most memorable venue”, the site has been the backdrop for many weddings and special events. However, “a period…
Prolink NZ has been under investigation by Immigration NZ for more than a year. Photo: RNZ / Lucy Xia An Auckland-based labour hire company at the centre of a migrant exploitation investigation is in liquidation, and 190 workers – mostly migrants on work visas – are set to lose their jobs. Prolink NZ was under…
Prolink NZ has been under investigation by Immigration NZ for more than a year. Photo: RNZ / Lucy Xia An Auckland-based labour hire company at the centre of a migrant exploitation investigation is in liquidation, and 190 workers – mostly migrants on work visas – are set to lose their jobs. Prolink NZ was under…
The Court of Appeal’s decision will be particularly significant for companies, creditors and their advisers faced with putting together and seeking support for restructuring plans (“RPs”) (under the Part 26A court procedure introduced into the Companies Act 2006 by the Corporate Insolvency and Governance Act 2020), especially where an attempt is made to cram down…
Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao emphasized the need for significant improvements in the functioning of the Committee of Creditors (CoC) within the Corporate Insolvency Resolution Process (CIRP). Addressing a gathering at the International Conclave jointly organized by the Insolvency and Bankruptcy Board of India (IBBI) and INSOL India, Rao highlighted…