The Board of Directors (the “Board”) proposes certain adjustments to the finalliquidation structure of Philly Shipyard ASA (under liquidation) (the”Company”). The Company still expects to distribute approx. USD 10.4 milliontoits shareholders within Q2 2025 as part of the liquidation process, in linewithprevious communication. Reference is made to the previous announcements made by the Company regardingthe proposed…
MILAN — Italian retailer Modes has been placed under judicial liquidation after failing to carry forward with its business restructuring plan. As reported, the company had filed for a “compositions with creditors” procedures with a Milan court in May 2024 against slowing sales and a deteriorated business environment. In the final verdict seen by WWD,…
MILAN — Italian retailer Modes has been placed under judicial liquidation after failing to carry forward with its business restructuring plan. As reported, the company had filed for a “compositions with creditors” procedures with a Milan court in May 2024 against slowing sales and a deteriorated business environment. More from WWD In the final verdict…
Translated by Nicola Mira Published May 22, 2025 … Read the original article here
Translated by Nicola Mira Published May 22, 2025 … Read the original article here
Increasing costs and uncertainty are continuing to drive corporate insolvencies, the Wales Chair of insolvency and restructuring trade body R3 has said. Corporate insolvencies in England and Wales increased by 2.9% in April 2025 to a total of 2,053 compared to March 2025’s total of 1,996, and decreased by 5.1% compared to April 2024’s total…
Yurtel Limited told customers the company is “unable to fulfil any ticket and accommodation bookings” for Glastonbury 12:45, 22 May 2025Updated 14:27, 22 May 2025 Glastonbury Festival. File picture(Image: PA/Yui Mok) A Glastonbury glamping company has “ceased trading” in an email to customers. Yurtel, a luxury glamping accommodation and hospitality, has informed customers it has…
Business failures on the rise in England and Wales business-live.co.uk Read the original article here
Crowe Ireland has noted a significant number of distressed companies seeking advice as to whether the Small Company Administrative Rescue Process (Scarp) could be used to reduce their liabilities and resize their balance sheet, so the restructured operation can become a going concern again. “We adopt an approach where we will quickly establish from consultation…
VAILO is in liquidation. Image: InSyde Media According to a report in the Adelaide Advertiser, VAILO – which went into receivership back in March – now has Liquidator Robert Hutson of KordaMentha seeking debts owed to parties, while a seperate Supreme Court wind up order has been made with Robert Ferguson from Ferguson Hannam. This…