Shanghai Meilan Bankruptcy Liquidation Ends: How Did the Once-Iconic “National Face Cream” Become Insolvent? — BigGo Finance

Shanghai Meilan Cosmetics Co., Ltd., which once swept across China with its iconic tin-box face cream, has officially completed the final stage of bankruptcy liquidation. According to a ruling issued by the Shanghai Pudong New Area People’s Court, the legacy daily chemical enterprise had only 95,800 yuan (approximately $14,200) in disposable book assets, while confirmed…

Scottish builder in liquidation after HMRC court action

The appointment of the liquidator to Impact Contracts (Glasgow) Limited follows a petition to Glasgow Sheriff Court. The petition for His Majesty’s Revenue and Customs related to the winding up of the company based at Craigton Industrial Estate, and for a liquidator to be appointed. Liquidator appointed to Scottish building firm after HMRC court action (Image:…

Liberty Bell Bay smelter officially enters liquidation

Attempts will soon begin to claw back tens of millions of dollars owed to creditors by Australia’s only manganese alloy smelter after creditors voted to liquidate Liberty Bell Bay. At a meeting this afternoon, creditors appointed former administrators, EY Parthenon, as liquidators. The 66-year-old smelter in northern Tasmania went into administration in March, due to…

New book set to strengthen Kenya’s corporate insolvency practice

Former President Court of Appeal Justice Daniel Musinga ,Sammy Ndolo, Managing Partner at Cliffe Dekker Hofmeyr (CDH) and Law Society of Kenya Eric Kivuva launch the Corporate Insolvency Law book authored by Sammy Ndolo./HANDOUT Kenya’s corporate insolvency landscape has received a major boost following the launch of Corporate Insolvency Law, the country’s first comprehensive publication…

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