Latest corporate insolvency figures highlight ‘stable stress’ across the North East – Sunderland Echo
Latest corporate insolvency figures highlight ‘stable stress’ across the North East Sunderland Echo Read the original article here
Disputed debts and arbitration clauses as a shield against insolvency proceedings
Can a contractor pursue insolvency proceedings where the debt is disputed and an arbitration clause exists? This was the central issue before the Court of Appeal in Kwale International Sugar Company Limited v Epco Builders Limited & 2 Others [2025] KECA 227 (KLR), a case with implications for contractors, employers and legal practitioners navigating construction…
Manchester Pride enters voluntary liquidation
News ‘We are very distressed at the position in which we find ourselves’ Manchester Pride has announced that the company has entered the process of voluntary liquidation, after it emerged that several of this year’s performers had gone unpaid. The hugely popular LGBTQ+ event, which spills from the Gay Village and into surrounding venues every…
Standon Calling will not return as liquidators take control of company
In a statement posted on social media this week (October 20), the Bishop’s Stortford festival announced its 2023 edition “will now prove to have been the last”. The statement continues: “Due to significant financial losses sustained in 2022 and 2023 we were unable to run the festival in 2024 and 2025. “For the last 18…
Manchester Pride goes into voluntary liquidation as future of LGBTQ+ event hangs in the balance
‘We had hoped to be able to find a way to continue’ A statement on the future of Manchester Pride has been issued(Image: Kenny Brown | Manchester Evening News) The team behind Manchester Pride have begun the process of entering into voluntary liquidation, it has been announced this afternoon – with the future of the…
Australian Rex Airlines acquired by US company Air T after voluntary administration.
Australian Regional airline Rex has a US buyer, administrators have confirmed. The announcement on Tuesday evening comes more than a year after the airline entered voluntary administration. Air T – which operates a number of aviation businesses in the US – has entered a sale and implementation deed with EY, the administrators…
Ivory Coast’s Anka Acquired for Undisclosed Sum Following French Parent’s Swift Liquidation
Anka, the pan-African e-commerce platform for African creators formerly known as Afrikrea, has been acquired by the newly-formed Global Shop Group for an undisclosed sum, approximately two months after its French parent company MANSAART entered judicial liquidation. The acquisition represents a rapid and forced sale following the collapse of the venture-backed startup’s parent entity. Court…
REVEALED: Latest business liquidations in Swan – dailytelegraph.com.au
REVEALED: Latest business liquidations in Swan dailytelegraph.com.au Read the original article here
Rex Airlines snapped up by US company – News
Regional airline Rex has a US buyer, the announcement on Tuesday night coming more than a year after the airline that operates numerous services in South Australia entered voluntary administration. Air T — a Nasdaq-listed US aviation business that runs cargo services, an aircraft trading business and sells parts – has entered a sale and…
Rex Airlines creditors seek answers as sale to US company Air T moves closer
Creditors owed millions of dollars after Rex Airlines went into voluntary administration are still in the dark about whether they will get their money back, despite a new owner being found for the embattled airline. The regional carrier collapsed into voluntary administration last year before the federal government gave it a multi-million-dollar lifeline to keep…