At a time when space launch capacity is being stretched thin, a UK spaceport company is to be liquidated. The BBC reported on 3rd June that Sutherland Spaceport Ltd, a subsidiary of failed rocketeer Orbex, is to have its assets sold off. SSL’s assets include permission to build a spaceport near the village of Tongue…
Quick Read Strategy (MSTR) sold 32 Bitcoin at $77,135 per coin to fund preferred stock obligations, breaking its “never sell” doctrine while holding 843,076 Bitcoin at an average cost of $75,699 per coin that is now underwater as Bitcoin trades around $67,338. A potential negative feedback loop emerges where lower Bitcoin prices increase pressure on…
Country music festival says it’s owed €135k as sales platform Tickets.ie collapses The Journal Read the original article here
Time is running out to save 134-year-old South African business from liquidation Daily Investor Read the original article here
The company behind one of Ireland’s largest independent event ticketing companies Tickets.ie has ceased trading as it plans to enter liquidation. In a statement, Tickets.ie said customers with tickets for upcoming events should wait to hear from the relevant event promoter regarding their event. The company said all enquiries should be directed to the appointed…
Scottish spaceport owned by collapsed company placed into liquidation The Herald Read the original article here
End of a R500 million company in South Africa risks leaving three ghost towns behind Business Tech Read the original article here
Ghost towns: The mills in Tongaat, Maidstone and Felixton have fallen silent. Photo: Delwyn Verasamy While the sugar industry has shown green shoots amid the introduction of the Sugar Value Chain Master Plan, parliamentarians have warned that allowing Tongaat Hulett to collapse would undermine the gains. During the portfolio committee on trade, industry and competition…
The Supreme Court has said that when associated or group companies are so inextricably connected that they effectively function as one concern, courts can lift the corporate veil and look at the economic reality of the group as a whole. Answering the question of when such a step can be taken, a Bench of Justices…
The Insolvency and Bankruptcy Board of India (IBBI) has put in place a formal mechanism for ending voluntary liquidation proceedings before a company is dissolved. The latest changes also tighten the claims process by requiring stakeholders to update claims that have been partly or fully satisfied and by obligating liquidators to explain why any claim…