Court awards Clint Eastwood €250,000 from Lithuanian company – LRT
Court awards Clint Eastwood €250,000 from Lithuanian company LRT Read the original article here
Beneficient Enters into Transactions to Deliver Tangible Book Value and Other Benefits to Beneficient Public Company Stockholders Provided by Entities Controlled by CEO & Founder, Brad Heppner, and Other Founders
DALLAS, Dec. 23, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, announced it has entered into an agreement (the “Agreement”) with entities controlled by its…
Insolvent air taxi startup Lilium to be liquidated
This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a small two-digit number of people will remain employed for the time being to support the imminent liquidation of the young company. A week ago, it still looked like the company would be rescued. Wirtschaftswoche reported…
Job losses deepen as more firms go into liquidation – Business Daily
Job losses deepen as more firms go into liquidation Business Daily Read the original article here
Major Australian fashion retailer collapses into voluntary administration – Illawarra Mercury
Major Australian fashion retailer collapses into voluntary administration Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process – EGR Global
XLMedia CEO to be made redundant as affiliate prepares for liquidation process EGR Global Read the original article here
No Requirement U/S 5(8) IBC That There Can Be A Debt Only When There Is A Default: Supreme Court
The Supreme Court, in a recent Judgment, observed that there is no requirement under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 (IBC) that there can be a debt only when there is a default. The Court was deciding a batch of Civil Appeals preferred by the China Development Bank and others against the…
Israeli robotics firm BionicHive files for liquidation – Tech in Asia
Israeli robotics firm BionicHive files for liquidation Tech in Asia Read the original article here
Why is Big Lots starting “Going out of Business” sales across its stores? Reasons explained
The U.S. retail brand Big Lots has announced Going Out of Business (GOB) sales across all its remaining locations. The decision comes after the company failed to finalize its planned asset purchase agreement with Nexus Capital Management. This move was initially expected to help the company recover its financial situation. The retail chain is loved…
Ngongotahā housing development on track despite developer’s woes with other liquidated company
It was revealed this week Roto Whare owes money to several Rotorua businesses, but the biggest debt of $28.2 million is to an American business, Florida-headquartered financier Quaestor Advisors LLC, of Jacksonville. Details of what Roto Whare owed were revealed in the liquidator’s first report. Among Rotorua businesses out of pocket were Metal Line Roofing,…