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Image: XL Express After announcing last month that it was in voluntary administration, national logistics operator XL Express is officially in liquidation. On June 27, FTI Consulting was appointed as the voluntary administrators of the Brisbane-based transport company to conduct an “urgent assessment” of the company’s viability. The national business first started operating…
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Popular mall retailer Claire’s has agreed to sell a portion of its business operations to Ames Watson, pausing liquidation amid its recent bankruptcy, according to a court filing obtained by AL.com. The sale “will allow the Claire’s brand to remain a prominent retailer for teens, tweens, and young girls around the world,” the court filing,…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Competition Commission of India (CCI) has on AUgust 26 approved the acquisition of Jaiprakash Associates (JAL) by Adani Group Entities, the organisation announced in an official statement. The announcement was also posted on their official social media account on X (formerly known as Twitter). According to the press release, the deal proposes acquisition of…
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The Companies Act 61 of 1973 (Companies Act) provides a mechanism, in the form of sections 417 and 418, to enable liquidators to investigate the affairs of an insolvent entity. However, the very people who are responsible for the (mis)management and financial ruin of a company are often the only people who have knowledge of…