Rising interest rates and patchy post-pandemic demand are driving more Irish companies into difficult territory. When the balance sheet tips, four statutory routes exist: examinership, the Small Company Administrative Rescue Process (SCARP), liquidation and receivership. Each route triggers a different playbook for owners, lenders and employees, yet the boundaries overlap. Choosing well and choosing early…
Jeanswest will emerge from voluntary administration and be handed back to its former owners, the wealthy Yeung family from Hong Kong, in a deal that leaves unsecured creditors with virtually no payout. The denim and casualwear retailer, which opened its first store more than five decades ago, collapsed in March and flagged the closure of…
Australia’s environmental not-for-profit Planet Ark goes into voluntary administration MSN Read the original article here
Parliamentary inquiry into corporate insolvency in Australia Herbert Smith Freehills Read the original article here
NCLAT-Fortnightly, February 1-15, 2025 The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal (“NCLAT”), under the Insolvency and Bankruptcy Code, 2016 (“Code”), during the period between February 1, 2025 to February 15, 2025. For ease of reference, the orders have been categorized and dealt with in the…
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VAILO was the naming rights sponsor of the Adelaide 500. As part of the deal, the South Australian-based company supplied lighting equipment for the Adelaide Supercars finale, some of which have been listed on Lloyds Auctions. Four LED digital mobile display trailers that were used around the Adelaide parklands circuit are for sale between $32,500…
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The world’s largest sportswear company will be in court next week as it seeks nearly $250,000 it claims it is owed by a collapsed Australian surf retailer. SurfStitch, which touts itself as the country’s number one online surf and fashion store, fell into administration earlier this month after Nike Australia filed a winding up order…