Failed companies behind home building firm owe about $2.5m – Stuff
Failed companies behind home building firm owe about $2.5m Stuff Read the original article here
Dentons’ Vancouver Restructuring, Insolvency and Bankruptcy group navigates complex financial challenges
With business insolvencies on the rise across the province, Dentons’ Vancouver Restructuring, Insolvency and Bankruptcy group is also expanding, adding material strength and expertise VANCOUVER, B.C., January 13, 2025 — Amid mounting economic pressures, including changing interest rates, persistent inflation and significant corporate debt maturing in 2025, Vancouver’s business community faces rising restructuring and insolvency challenges.…
Battling Star Entertainment loses the confidence of its banks
Star Entertainment’s lenders warn the Sydney and Gold Coast casino owner could be in voluntary administration within months and its hotels carved up and sold to the highest bidders, as a lifeline deal to preserve its future as a listed company fails to materialise. Two sources close to Star’s secured debt providers, speaking on the…
China Evergrande’s unit receives liquidation order from Hong Kong court
(Reuters) – China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a…
China Evergrande unit receives liquidation order from Hong Kong court
China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a bid to…
China Evergrande’s unit receives liquidation order from Hong Kong court
China Evergrande (3333) said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a bid…
China Evergrande’s unit receives liquidation order from Hong Kong court
(Reuters) – China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a…
Young family left homeless after caravan company collapses – MSN
Young family left homeless after caravan company collapses MSN Read the original article here
Voluntary liquidations in the British Virgin Islands | Asia
A liquidation in the British Virgin Islands (BVI) can be either: (1) an insolvent liquidation and therefore governed by the Insolvency Act 2003 (as amended); or (2) a solvent liquidation and therefore governed by the BVI Business Companies Act (as amended) (Companies Act). The Companies Act was amended by the BVI Business Companies (Amendment) Act…
Commercial Wisdom Of CoC In Opting For Liquidation And Rejecting Resolution Plan Of Ineligible Applicant Is “Non-Justiciable”: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi has held that the commercial wisdom of the Committee of Creditors (CoC) in rejecting a resolution plan and opting for liquidation is “non-justiciable”. The Appellant-Director was disqualified under Section 164(2) of the Companies Act, thereby rendering the him ineligible to be a Resolution Applicant…