The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), in partnership with Polaris Bank, has called for strengthened efforts to regulate insolvency, enhance corporate restructuring and support business recovery processes in Nigeria. BRIPAN President, Chimezie Victor Ihekweazu, said this yesterday during a courtesy visit to the Managing Director/Chief Executive Officer (CEO) of Polaris Bank,…
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Global financial and risk advisory Kroll has acquired Dublin-based corporate insolvency specialist Kirby Healy. Myles Kirby who hails from Cork and John Healy from Co Mayo established Kirby Healy Chartered Accountants in August 2016. The firm specialises in corporate insolvency, fraud investigations, white-collar crime, forensic accounting, and shareholder disputes. Mr Kirby specialises in involvencies, often…
SINGAPORE – Entertainment company mm2 Asia on Sept 3 said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations. Instead, liquidating the struggling cinema chain may improve the group’s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic,…
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What happens when you pay for something like a couch or a stove, and the business goes under before you get the goods? The recent demise of some big retail chains has raised some questions about consumer rights. Smiths City, the well-known furniture and electronics retailer, went into voluntary administration on Tuesday. When customers made…