KEY TAKEAWAYS Changes to the Companies Law in 2022 have increased the options available to creditors of insolvent Jersey companies A creditor is now able to apply to the Jersey Court to wind up a company a liquidated claim against a Jersey incorporated company for not less than the prescribed amount of £3,000 This guide…
The goalposts for Members’ Voluntary Liquidation taxes are changing as announced in the Autumn Budget, Labour’s first major fiscal announcement since coming into power. As the government set out to raise a record £40 billion through tax rises, Capital Gains Tax and Business Asset Disposal Relief, both crucial to an MVL, came under the firing…
– An unusual South Island estate, Campbell Park, sold by liquidators for $3.2 million. – The 79-hectare property features a Gothic-style castle, 35 homes, and a gymnasium. – The estate, linked to abuse allegations, was previously owned by a company tied to Richard Yan. An unusual but crumbling South Island estate the size of a…
Shopper360 Announces Liquidation of Myanmar Subsidiary TipRanks Read the original article here
George and Williamina Hay were directors of furniture retailer DWH Trading Ltd in Aberdeenshire The company was in financial trouble in April 2023, having a number of outstanding orders from customers Despite knowing the financial situation of their company, the husband-and-wife took 55 more orders, most of which were not even placed with their suppliers …
Alex McIntyre BBC News, West Midlands Reuters The owner of Walleys Quarry entered liquidation last week The environmental permit for a landfill, which was forced to close following complaints of noxious fumes, “no longer exists” after its owner entered liquidation. The Environment Agency (EA) confirmed the permit held by Walleys Quarry Ltd, which ran Walleys…
Hospitality chain Selina Israel files for liquidation Globes Read the original article here
The environmental permit for a landfill, which was forced to close following complaints of noxious fumes, “no longer exists” after its owner entered liquidation. The Environment Agency (EA) confirmed the permit held by Walleys Quarry Ltd, which ran Walleys Quarry in Silverdale, Staffordshire, had been “disclaimed”. The company’s liquidation was confirmed on Friday, three months…
Walleys Quarry permits ‘no longer exist’ as firm enters liquidation ENDS Report Read the original article here
A bankruptcy court in Mumbai has allowed an extension of 90 days for the revival of Lavasa Corporation in an application filed by its resolution professional (RP). The planned city project is undergoing a fresh Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal directed to restart the whole process after the successful…