In 2024, the number of bankruptcies of companies in Japan amounted to around 10 thousand,reaching a decade high. The number of bankruptcies rose by 15.14 percent compared to the previous year. The total liabilities of the bankrupt companies amounted to over two trillion yen. Read the original article here
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails About 350 jobs are expected to go across 26 stores as the Irish branch of fashion retailer New Look enters…
The National Company Law Appellate Tribunal (NCLAT) Chennai has allowed the appeal filed by the Coffee Day Enterprises Limited (CDEL) and set aside the proceedings of Corporate Insolvency Resolution Process (CIRP) initiated against the Company as per the National Company Law Tribunal (NCLT) Bangalore. The matter stems out from IDBI Trusteeship Limited (ITSL) filing the…
Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250. With the software intelligence firm now holding approximately 499,096 Bitcoin—worth around $44 billion at current prices—market participants are wondering whether the company could ever face a forced liquidation of its massive Bitcoin treasury. On Tuesday,…
“The director advised the company was placed into liquidation due to the Covid-19 pandemic and the company’s main contractor cancelling the contract on a short notice,” the liquidator’s first report said. Zhang told the Herald the software firm had been inactive for around 18 months by the time of his appointment. The only significant potential…
Equity Commonwealth (NYSE: EQC) has completed the sale of its final property, 1225 Seventeenth Street in Denver, Colorado, for $132.5 million ($124.4 million net after credits) on February 25, 2025. This marks a significant milestone in the company’s liquidation process. Following shareholder approval of the Plan of Sale and Dissolution…
Prepared by Giulio Nicoletti, Ralph Setzer, Mika Tujula and Peter Welz Published as part of the ECB Economic Bulletin, Issue 2/2022. 1 Introduction The coronavirus (COVID-19) crisis was a major shock for the non-financial corporate (NFC) sector. The pandemic and the associated containment measures translated into a large drop in sales for firms. The rapid pace…
According to section 60(5) of the code, the NCLT has the authority to decide any matter pertaining to priorities, laws, or facts that arise from or are connected to the settlement of the corporate debtor’s insolvency The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) is empowered to…
Hyvia announced in a brief statement that the Court of Economic Activities of Versailles had converted the insolvency proceedings, which had been ongoing for several weeks, into a court-ordered liquidation on 18 February. The reason given by the joint venture is that the insolvency administrator had not come across a “credible takeover offer” in his…
After going into a brief trading halt on Monday, New Zealand medical cannabis company Greenfern Industries emerged to announce it was going into receivership. The brief statement said in part: “Damien Grant and Adam Botterill of Waterstone Insolvency have been appointed as receivers and managers over Greenfern Industries Limited (NZX: GFI). This appointment has been…