Singapore: Quetzal Offshore Pte Ltd to be wound up voluntarily – Manifold Times
Singapore: Quetzal Offshore Pte Ltd to be wound up voluntarily Manifold Times Read the original article here
Hong Kong branch of Singaporean 1880 club in liquidation with HK$20 million in debts
The Hong Kong branch of a Singapore-based private club that closed after less than a year in business is undergoing liquidation with about HK$20 million (US$2.5 million) of debts, former employees have said. Financial difficulties forced 1880 Hong Kong, located at Two Taikoo Place in Quarry Bay, to shut its doors on Friday last week,…
NCLAT extends stay on insolvency proceedings against Hi-Tech Gears, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has extended the interim stay on the Corporate Insolvency Resolution Process (CIRP) against The Hi-Tech Gears Ltd, offering temporary relief to the auto components manufacturer in its ongoing legal battle with Happy Forgings Ltd. At a hearing held on May 9, 2025, the Principal Bench of NCLAT, comprising…
IBBI notifies amendments to streamline corporate insolvency process – MSN
IBBI notifies amendments to streamline corporate insolvency process MSN Read the original article here
RSM expands insolvency services amid elevated bankruptcy rates
RSM Australia has announced an expansion of its business restructuring and recovery services as insolvency rates remain higher than usual. Professional services firm RSM Australia has merged with Melbourne-based insolvency practice Brooke Bird. The merger, which took effect on Monday, would see RSM’s Melbourne restructuring and recovery practice double in size. “In the face of…
Greif Nigeria Nears Final Stage Of Voluntary Liquidation
Greif Nigeria Plc, one of Nigeria’s longstanding industrial companies, is in the final stages of its members’ voluntary winding-up process, according to a formal update issued by the appointed liquidator, Mr. Inam Wilson. According to a notice to the Nigerian Exchange Limited, the company, which initiated the voluntary liquidation following shareholder approval, has now entered…
Key information relating to payment of liquidation dividend and information about the liquidation balance sheet — TradingView News
Reference is made to the extraordinary general meeting in Philly Shipyard ASA(under liquidation) (the “Company”) on 19 February 2025 where the generalmeeting resolved to liquidate the Company. The Company’s board of directorshasin accordance with the Norwegian Public Limited Liability Companies Actsection16-9 resolved to distribute a liquidation dividend to its shareholders. Key information relating to the…
Supercare Dental and Cosmetics patients left with missing teeth and superannuation after clinics collapse
Melinda Amourous was slowly losing her top teeth and struggling with self-confidence when she visited a Supercare Dental and Cosmetics clinic in 2022. It offered what seemed like the ideal solution: a full mouth of dental implants, giving her the perfect smile. The cost was $48,000, but they reassured her they would help the single…
AI startup valued at $1.5 billion collapses after 700 engineers are found pretending to be bots – News
A startup company that said it was powered solely by AI has collapsed after it was rumbled for having staff ‘pretending to be bots’. Tech pros have been left gobsmacked after learning $1.5 billion artificial intelligence business Builder.ai has been operating behind an AI facade since its inception in 2016. The British company emerged on…
HSF Kramer Bankruptcy & Restructuring Group Global reach, local knowledge | Herbert Smith Freehills Kramer
Debtors and creditors have options when choosing where to pursue a restructuring – particularly with operations across jurisdictions and debt instruments issued under different laws. Local knowledge is key to navigate those options and understand the pros and cons associated with each forum. Combining the capabilities and network of our firms, we now cover the…