A PEMBROKESHIRE restaurant is set to receive national attention as it appears on Channel 4’s hit series Four in a Bed next week. 35 Main Street, a well-regarded restaurant in Solva, will make its television debut on Monday, February 24, as part of the competition-style show that pits four bed and breakfast owners against each…
Furniture retailer Nick Scali says its profits could be lower than estimated just a month ago after one of its logistics partners collapsed, leaving hundreds of containers full of sofas and dining sets stranded. The failure of Lion Global Forwarding, which specialises in forwarding furniture from China, means about 200 containers full of products for…
Seacrest Petroleo Bermuda Limited is a Bermuda-based independent oil and gas production company. The Company has an integrated portfolio of producing oil and gas fields, and export infrastructure onshore in Espirito Santo, Brazil. The Company has exclusive control over its infrastructure, from field production to an offshore tanker loading terminal, enabling operations, schedule control and…
Insolvency & Bankruptcy Code (IBC), labelled as among the iconic watershed-moments of Indian legal history has been under intense scrutiny for some time now. Recent observations around judicial delays, higher liquidation rates (compared to resolution) and lower recoveries have cast a spotlight around this milestone. Some years ago, the IBC was hailed as the saviour…
The global financial crisis has pushed many businesses into a state of instability. When companies are struggling with difficult choices, Deloitte Legal can assist with suggesting options to help recovery, such as restructuring outside of insolvency proceedings, a structured sale or provide assistance with judicial insolvency proceedings. We work with companies in distress as well…
Genetic Technologies Navigates Critical Financial Decisions Amidst Voluntary Administration TipRanks Read the original article here
Dozens of Limerick jobs at risk as popular retailer faces liquidation MSN Read the original article here
Mastek Limited Initiates Voluntary Liquidation of Evosys Kuwait WLL TipRanks Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Cubical Realty Pvt Ltd for Vidhant Realty Pvt Ltd, bringing an end to its corporate insolvency resolution process (CIRP). The plan was cleared with 100% approval from the Committee of Creditors (CoC). The insolvency proceedings were initiated after…
When does a director first come under a duty to consider the interests of creditors (Creditor Duty)? How should the Creditor Duty be weighed up in a director’s decision on whether to authorise the repayment of shareholder loans and to declare dividends? In the very recent decision of Foo Kian Beng v OP3 International Pte…