Betway files for liquidation amid a Sh5bn tax row with KRA – Business Daily
Betway files for liquidation amid a Sh5bn tax row with KRA Business Daily Read the original article here
Lynne Darcey Quigley on why corporate insolvencies will spike
The number of corporate insolvencies is about to erupt, but what is truly going on behind the increase? Lynne Darcey Quigley from commercial debt recovery advisory firm Darcey Quigley & Co discusses the sharp rise and outlines how corporations can mitigate the risk. In 2022, global corporate insolvency numbers are expected to increase by 33%,…
Hudson’s Bay to liquidate all remaining stores; sets closing date
Hudson’s Bay is liquidating all of its stores. Hudson’s Bay Company’s efforts to stay in business appear increasingly unlikely to pan out. Canada’s oldest company will liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location, with sales beginning April 25. Hudson’s Bay said it is making the move because it believes that…
IBC Weekly Round Up [21st April-28th April 2025] – Live Law
IBC Weekly Round Up [21st April-28th April 2025] Live Law Read the original article here
Proof & Co Australia goes into administration
Asia Pacific-based independent spirits distributor Proof & Company has put its Australian business into voluntary administration after facing a “local economic downturn”. Proof & Company is behind EcoSpirits, which sold a minority stake to Pernod Ricard Proof & Company operates in four markets: Singapore, Australia, Hong Kong and New Zealand. Last Friday (25 April), the…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
NDIC begins payment of N46bn liquidation dividends to Heritage Bank Customers
The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the payment of N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank, targeting those with account balances above the insured limit of N5 million. In a statement issued on Sunday, the NDIC said the payment began on Friday,…
Hudson’s Bay Extends Liquidation to Entire Fleet
After triggering liquidations at 86 locations across Canada, the Hudson’s Bay Co. has decided to liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The company had been seeking a buyer for the six stores, but on Friday said it believed that a viable bid for the current six-store model is…
CFR Marfă enters insolvency proceedings
Romanian state-owned rail freight operator CFR Marfă is entering insolvency proceedings. The company is severely indebted, with its fate being near-certain: liquidation. Insolvency proceedings are likely a way to postpone the inevitable. The transport ministry approved CFR Marfă’s request for insolvency after it obtained approval from the operator’s shareholders. With the company’s entry into insolvency…
Proof & Company places Australian arm in administration
The Australian business of spirits distributor Proof & Company has entered voluntary administration, citing economic challenges. The company said on LinkedIn it had placed Sa’Pere Drinks, trading as Proof & Company Australia, into voluntary administration last week, adding that it was a difficult decision. The firm cited challenges of a local economic downturn and a…