AMSC CFO Morten Bakke steps down ahead of liquidation – TradeWinds
AMSC CFO Morten Bakke steps down ahead of liquidation TradeWinds Read the original article here
European Commission proposals on the Capital Market Union and Clearing
The European Commission’s latest proposals to take forward the Capital Markets Union (CMU) action plan contain a long-awaited deliverable from the plan — an attempt to harmonise insolvency practices across the Union — as well as continuing efforts to make it easier to raise capital on EU public markets. Other proposals were not in the original action plan but address issues…
S. 8 IBC | Service Of Demand Notice On Corporate Debtor’s Key Managerial Personnel Is Valid To Trigger Insolvency Process : Supreme Court
The Supreme Court on Tuesday (April 29) upheld the delivery of a demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) to the corporate debtor’s Key Managerial Personnel (KMP), stating that the delivery of the notice to the KMP substantially complies with the requirement of Section 8 of IBC. Setting aside…
Another beloved brewery goes bust and files for Chapter 7 liquidation – MSN
Another beloved brewery goes bust and files for Chapter 7 liquidation MSN Read the original article here
R3 responds to March 2025 insolvency statistics
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said: “The slight month-on-month reduction in corporate insolvency numbers…
Quinn Insurance liquidation costs hit €800,000 just two years after High Court ordered winding up
The beneficiaries include law firm McCann Fitzgerald, financial services firm Grant Thornton and the liquidator Damien Harper. The wind-up of Quinn Insurance, which was once owned by ex-billionaire businessman Seán Quinn, was ordered by the High Court in 2023. It had been placed into administration by the government in 2010 at a cost of €1bn…
Vinyl Me, Please appears to enter liquidation amid accusations of ignoring customers, unfulfilled orders
Vinyl Me, Please (VMP) appears to have entered liquidation as reports of the company ignoring customers and not fulfilling paid-for orders pile up. A new report by the Denver Post details several customers who’ve filed complaints against the Denver-based vinyl record subscription service for allegedly not sending out paid orders, ignoring inquires and requests for…
Betway Parent Firm in KSh 5bn Tax Dispute As it Files for Liquidation – The Kenyan Wall Street
Bluejay Limited, the parent company behind Betway Kenya, will be required to pay about KSh 5 billion in outstanding taxes after the Tax Tribunal upheld various assessments by the Kenya Revenue Authority (KRA). The order comes at a time when the company has filed a petition for liquidation at the Milimani Law Courts Commercial and…
Food firm in liquidation after Powys rescue attempt fails
Patchwork Foods in Ruthin was founded in 1982 by Margaret Carter in her kitchen, and went on to become famous for pates and other specialities. An award-winning business for much of its four decades of trading, Margaret, son Rufus and business partner Jen Whitham helped it achieve a £2 million annual turnover. The trio left the business as…
Weinberg Campus liquidation to include 2,200 artworks amid $25M property listing – The Business Journals
Weinberg Campus liquidation to include 2,200 artworks amid $25M property listing The Business Journals Read the original article here