Troubled Melbourne fund to be liquidated – The Australian
Troubled Melbourne fund to be liquidated The Australian Read the original article here
Chinese Builder Shimao’s Liquidation Case Is Dismissed by Court – BNN Bloomberg
(Bloomberg) — Shimao Group Holdings Ltd. won a Hong Kong court decision to dismiss a creditor petition to liquidate the defaulted Chinese developer, buying more time to complete its debt restructuring plan. The Hong Kong High Court granted the dismissal Monday after the company said in an October filing that some banks and bondholders have…
‘Fast fashion’ company collapse leaves $20 million owing to Bangladeshi exporters
Key Points Bangladesh-based companies have been doing business with Mosaic Brands for several years. Experts say Mosaic Brands struggled in retail due to rising competition from online ‘fast fashion’ outlets including Temu and Shein. FTI Consulting has been appointed as administrator, while KPMG will act as receiver and manager. Mosaic Brands Limited is one of…
After nearly a year suspended, Land & Homes Group enters administration – MSN
After nearly a year suspended, Land & Homes Group enters administration MSN Read the original article here
2023 insolvency statistics – Crowe
2023 insolvency statistics Crowe Read the original article here
Public Trust assumes ownership of two SolarZero companies to protect contracts and debt repayments – BusinessDesk
Public Trust assumes ownership of two SolarZero companies to protect contracts and debt repayments BusinessDesk Read the original article here
‘Broken promises’ as luxury home builder hits liquidation – Waikato Times
‘Broken promises’ as luxury home builder hits liquidation Waikato Times Read the original article here
Ashurst boosts Perth office with strategic partner hires
Notably, he spent a decade as a partner at HWL Ebsworth, where he founded and led the Restructuring and Insolvency practice in Perth. He also has experience as a lawyer at Minter Ellison. “Ashurst’s reputation as a leading global firm with a strong record in the restructuring and insolvency space in Australia and the Asia…
NCLT Holds, Liabilities of Corporate Debtor Must Be Settled u/s 53 Of IBC
The bench found that as far as the ‘going concern’ sale in liquidation is concerned, there is a clear difference that only assets are transferred and the liabilities of the Corporate Debtor have to be settled in accordance with Section 53 of the Code In a recent case, the Mumbai bench of the National Company…
Business insolvencies: annual growth by region 2023
Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost 50 percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern…