North Shire wedding venue owner has ‘lost everything’ as brides-to-be receive liquidation emails Teesside Live Read the original article here
Sharvain Facades goes into voluntary administration MSN Read the original article here
I. Introduction Leading cases show Quistclose trusts being used by companies nearing insolvency.Footnote 1 Their use in this context raises serious normative problems: allowing a lender or, in a Re Kayford trust, a purchaser, to make itself a beneficiary may prefer that lender or purchaser to the borrower’s other creditors. Use of funds subject to…
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Airport transfer business Resorthoppa went into administration this month owing £8.25 million, according to administrators. A statement of proposals by joint administrators James Saunders and Michael Lennon of KR8 Advisory confirmed the extent of the failure and warned funds are unlikely to be realised to pay preferential creditors or the full costs of administration, let…
Zorzi family owed millions from former building empire The West Australian Read the original article here
Enjo clean queen bins operating firm amid $1m rental stoush The West Australian Read the original article here
9 LIVES: Tender tycoon Cat Matlala faces liquidation as R360m police contract hits the skids News24 Read the original article here
Ghana performed creditably in areas such as labour, utility services and business insolvency in 2024, the latest World Bank Group Business Ready Report 2024 has revealed. The flagship report of the World Bank Group and the International Finance Corporation (IFC) said the country implemented good practices in its labour dispute resolution mechanisms, transparent information (connection,…
Photo: 123RF Proposed reform to the Companies Act is a step in the right direction to prevent companies from illegal phoenixing but more needs to be done, advocates and lawyers say. Employment law advocate May Moncur said several clients had yet to receive compensation following a ruling in their favour by the Employment Relations Authority…