UK Firms Brace for Insolvency Boom as Data Puts Thousands of Companies at Risk – The American Lawyer

Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679 U.K. travel industry businesses are…

New York REIT Announces Stockholder Approval Of Plan Of Liquidation – PR Newswire (press release)

The Company also noted that, at its annual meeting of stockholders held on December 30, 2016, all nine existing directors were reelected to the Board.   About NYRTNYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York…

Zimglass liquidation finalised – Chronicle

Winsley Militala Lovemore Zigara, Midlands CorrespondentTHE final liquidation of the countrys sole flint glass manufacturer, Zimbabwe Glass Industries (Zimglass) has been completed after efforts to revamp the company failed. The move paves way for the disposal of the companys assets, management said. Zimglass, a subsidiary of the Industrial Development Corporation (IDC), has been insolvent since…