A former employee of Impact Business Shared Services Ltd (IBSS), who did not wish to be identified, said they were among those owed money. “Everyone at IBSS was let go without their final month’s pay,” the former worker said. “We’re all out of pocket by a few thousand pounds.” Employee back pay totalling £156,700 is…
Syncona Limited is a Guernsey-based closed-ended investment company. The Companyâs investment objective is to achieve superior long-term capital appreciation from its investments. It seeks to achieve returns over the long term. It focuses on creating, building and scaling companies around science to create a diversified portfolio of 20-25 global healthcare businesses, across development stage and…
Creative agency Wonderkarma, with offices in Brisbane and Vanuatu, has gone into liquidation. Declan Lane and Simon Cathro of Cathro and Partners have been appointed liquidators, according to documents lodged with corporate regulator ASIC. A meeting of shareholders approved the voluntary winding up January 31. Clients include Aurizon, Australia’s largest rail freight operator, and the…
Achilles Therapeutics to Undergo Voluntary Liquidation, Impacting Syncona’s Portfolio TipRanks Read the original article here
NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU’s, Says He Acted With… Live Law – Indian Legal News Read the original article here
Mediation can play a crucial role in improving the efficiency of insolvency proceedings, resolving disputes among multiple creditors, and fostering consensus among diverse stakeholders. It can help reduce delays and costs, thereby increasing the likelihood of successful restructuring for businesses and delivering better returns to creditors. This is particularly important during the “pre-commencement” stage, where…
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Blackstone reportedly pondering The Star acquisition upon voluntary administration Asia Gaming Brief Read the original article here
Oceania Glass, a leading Australian architectural glass manufacturer based in Dandenong, Victoria, has entered voluntary administration as of February 4. Grant Thornton Australia partners Lisa Gibb, Said Jahani and Matt Byrnes have been appointed as Joint and Several Voluntary Administrators to oversee the process. Specialising in float glass, coated glass and laminated glass, Oceania Glass…
Insolvency board IBBI on Tuesday issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework. The IBBI has invited public comments on the discussion paper…