A petition for court supervision of the liquidation of a Cayman-based online cryptocurrency casino start-up that raised US$8.3 million has been lodged after it was alleged a founder had “misappropriated” most of its assets. The Grand Court in Cayman was told by the joint voluntary liquidators that Zero Edge Corp. had liabilities of US$829,591 and…
A NSW home builder has entered administration with soon to be property owners fearing their houses may never be finished. Clarke Homes, which formerly traded as Hotondo Homes, has been placed into administration following a meeting with creditors held on Wednesday. Documents reveal the company owes employees wages and salaries, annual leave, personal leave, and…
Oceania Glass’s massive debt revealed The Australian Read the original article here
SINGAPORE – An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the firm as soon as this month, in light of the rapid unraveling of the high-profile start-up, according to a document reviewed by Bloomberg News. In a few weeks,…
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The small business restructuring scheme is gaining momentum with a three-fold increase in the first half of the 2025 financial year, according to the latest Corporate Insolvency Index. The most recent Corporate Insolvency Index from Insolvency Australia highlights the positive impact of the small business restructuring (SBR) scheme on Australia’s business recovery landscape. According to…
Avinger Inc shareholders approve liquidation plan Investing.com Read the original article here
By Ronan Barnard ( February 5, 2025, 7:35 PM GMT) — The U.K.’s Insolvency Service has banned three men as company directors for misleading investors who had put over £4 million ($5 million) into a student housing development but were left uncompensated when the development companies became insolvent…. Law360 is on it, so you are,…
Construction disruption: Australia’s largest glass maker collapses Herald Sun Read the original article here
The Australian Workers’ Union has said “understandable concern” among members had followed the voluntary administration of Dandenong’s Oceania Glass, and raised a perceived lack of support for domestic glass manufacturing. In a statement on Wednesday, the union said its priority is currently “to gather comprehensive insights and secure explanations” from management and administrators of the…