Israeli cybersecurity company Skybox Security filed a request with the Tel Aviv District Court on Sunday for an order to open proceedings. The company has not paid its employees their February salaries, with debts to them amounting to approximately NIS 10 million ($2.78M). Last week, Calcalist revealed that the Israeli company, which employed approximately 100…
Piles of debt and no future certainty have been the fatal blows for a stable of well-known Australian clothing brands as the parent company officially goes bust. Retail giant Mosaic Brands – owner of Millers, Rivers, Crossroads, Katies, Noni B and Autograph – collapsed into voluntary administration in October 2024. In a notice to creditors…
Kingland Group Faces Financial Impact Due to Paul Y. Entities Liquidation TipRanks Read the original article here
Victory Portfolios II today announced plans to liquidate the VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd ETF (CSA), and VictoryShares THB Mid Cap ETF (MDCP) (the “Funds”). The decision to liquidate the Funds was the result of the Company’s regular review of its product lineup to ensure it…
Andy Park: Treasurer Jim Chalmers has signed off on a major international airlines bid to buy a significant stake in Virgin Australia. Qatar Airways will now own a quarter of the Australian airline, allowing Virgin to resume international flights to major tourism destinations, cancelled after the troubled airline went into voluntary administration. Aviation experts say…
In a bid to equip Ghanaian businesses with essential legal knowledge for navigating corporate growth and financial uncertainty, the book Companies, Corporate Insolvency and Restructuring in Ghana: The Law and Practice (Volume 1) has been officially launched. Authored by Ace Anan Akomah et al., the book—also known as the Blue Book—serves as a comprehensive guide for businesses, legal…
The Social Security Administration is offering financial incentives ranging from $15,000 to $25,000 to employees who choose to voluntarily resign from the federal agency, ahead of what they warn will be “significant workforce reductions.” A message sent out to employees Thursday stated that the agency will soon implement restructuring that includes workforce cuts and “massive…
The company operating the controversial landfill site Walleys Quarry in Newcastle-under-Lyme has entered liquidation, The Environment Agency (EA) has confirmed. The landfill site in Silverdale has been closed to new waste since November and residents in the area have been fighting a years-long campaign to have the site shut due to foul smells. The site…
Smith and Reed recruitment in Truro goes into liquidation MSN Read the original article here
(Bloomberg) — Creditors to Petrofac Ltd are opposing its debt restructuring, a proposal the oil services firm says it needs to prevent its collapse into liquidation. Saipem Spa and Samsung E&A Co Ltd argue that they are the primary targets of the prospective restructuring, given they are “very substantial actual and contingent creditors” of Petrofac…