The companies were sanctioned by the US Department of Treasury’s Office of Foreign Assets Control (OFAC). In 2023, the High Court ordered that GTLK Europe and GTLK Europe Capital be wound up. The companies were liquidated on foot of an application from their creditors, who were owed close to $180m (€153m). The largest unsecured creditor…
Carli Harper, Labour’s cabinet member for finance and major projects, told the Local Democracy Reporting Service that liquidating the company was “a strategic decision that makes sense for the long-term”. Rather than using a private company to borrow money to fund developments, she argued the council could get better deals on loans from the government.…
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Two hundred jobs are set to be axed as a major trucking company that had been in business for more than three-decades goes bust. Transport and logistic company XL Express had operated along the east coast, delivering freight and packages between Sydney, Melbourne and Brisbane. The company had at one point thrived enough to take on…
Te Kaha subcontractor owes $2.1m to 120 creditors The Press Read the original article here
Heartland Bank, German firms claim millions in Nelson storage firm liquidation thepost.co.nz Read the original article here
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Ian Drennan of CEA Pic: RollingNews.ie The head of the State’s corporate watchdog has rejected suggestions that the fall-out from its investigation into the affairs of media company INM will make it reluctant to appoint inspectors in future. The inspectors’ report on INM was published last year, and the Corporate Enforcement Authority (CEA) ultimately…
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Ben Fallon who has been promoted to director at Begbies Traynor Group’s Leeds office Licensed insolvency practitioner Ben Fallon has been promoted to director in Begbies Traynor Group’s Leeds office. Fallon joined the leading business recovery, financial advisory and real estate consultancy’s Leeds office in 2012 as a trainee administrator. He qualified as a chartered…