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…
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…
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…
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…
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…
In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed by Byju’s under Sections 241 and 242 of the Companies Act, alleging oppression and mismanagement, or include Ernst & Young (EY) LLP and…
Standard Chartered Flags Corporate Bitcoin Holdings as Downside Risk | US Crypto News BeInCrypto Read the original article here
The Amabni-led firm claimed that there is no impact or bearing of the NCLT order on the company or any of its subsidiaries. Anil Ambani, Reliance Group chairman, has received a piece of bad news as the NCLT admitted an insolvency plea against his Reliance Infrastructure Ltd. The move came after a plea was submitted…
Since its establishment in 2012, Vinyl Me, Please has been a source of exclusive, limited-edition vinyl records for its members, who pay up to $654 annually for a premium membership, according to a report by John Wenzel of The Denver Post last month. The report discusses a recent turbulent period that began with the March…
In a significant judgment of Muller N.O. and Another v Cultigrain (Pty) Ltd [2025], delivered by the Western Cape High Court on 17 March 2025, the legal consequences of asset dispositions made after the commencement of winding-up proceedings came under scrutiny. Image source: Christos Georghiou from Freepik In this particular case, Wheatcor, the company in…