Snapshot: compulsory liquidation – Newsletters – International Law Office

Introduction Petitioner Insolvency Just and equitable Consequences of presentation of a petition Grand Court’s discretion Introduction A Cayman Islands company may be wound up either voluntarily according to its articles of association or compulsorily by the Grand Court. This article provides an overview of the compulsory process. In certain circumstances, the Grand Court may recognise…

Former Sydney liquidator pleads guilty to fraud, dishonesty – AccountantsDaily

Business A former registered liquidator who allegedly misappropriated close to $240,000 has pleaded guilty to fraud and dishonesty charges. Business Jotham Lian 22 January 2021 1 minute read object(stdClass)#17051 (8) { [“image_intro”]=> string(0) “” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(0) “” [“image_intro_caption”]=> string(0) “” [“image_fulltext”]=> string(0) “” [“float_fulltext”]=> string(0) “” [“image_fulltext_alt”]=> string(0) “” [“image_fulltext_caption”]=> string(0) “”…

Public Accounts Committee may quiz HRI after 389,000 loss to liquidated company – Racing Post

Racing in front of the new Curragh, the holding company for which is still trading at a loss Patrick McCann (racingpost.com/photos) Horse Racing Ireland could be called upon by the Public Accounts Committee (PAC) to explain the loss of 389,000 that arose after the company that used to undertake its cash-in-transit services went into liquidation…

Alarm Bells Ringing At First Month-On-Month Rise In Corporate Insolvency Numbers For Almost A Year – Bdaily

Member Article The first month-on-month rise in the number of corporate insolvencies for almost a year should spur North East business owners with concerns about their own firms financial situations to seek advice now. Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, after the publication by the…

Crypto Company Cred Approved to Seek Votes on Liquidation Plan – Bloomberg Law

Cred Inc., a cryptocurrency services company, won bankruptcy court permission to solicit votes on its Chapter 11 liquidation plan that would create a trust to pay back unsecured creditors. Unsecured creditors hold $162.8 million in claims, according to court filings. But the combined plan and disclosure statement, approved Thursday solely for vote solicitation purposes, doesnt…

More than 12,500 North East firms in financial difficulty as insolvency cases jump – Business Live

More than 12,500 firms across the North East are now in financial difficulty, latest research reveals, with business trade bodies warning the figure is just the tip of the iceberg. Business distress has soared by 31% across the region since the end of 2019, with more than 3,000 more businesses now reporting financial trouble, according…