Niche bosses in shock bid to take back control – The West Australian
Niche bosses in shock bid to take back control The West Australian Read the original article here
Key risk trends for Directors and Officers in 2025: insolvencies, geopolitical tension and “AI washing”: Allianz
Increasing global insolvency levels heighten risks for executives. The febrile geopolitical landscape poses liability challenges for global corporations caught up in world events. “AI washing” is an emerging risk trend, leading to securities class action lawsuits. D&O market remains competitive but a step up in scrutiny of corporate conduct around the globe means loss potential…
US corporate bankruptcy filings surge – here are the business types that led
What Chapter 11 bankruptcy means Filing for bankruptcy doesn’t always mean the end for an American business. There was a historic surge in U.S. corporate bankruptcy filings in June, with the highest number recorded in a single month since at least the start of 2020, new data shows. The number of corporate bankruptcy filings as…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Key risk trends for Directors and Officers in 2025: insolvencies, geopolitical tension and “AI washing”: Allianz
Increasing global insolvency levels heighten risks for executives. The febrile geopolitical landscape poses liability challenges for global corporations caught up in world events. “AI washing” is an emerging risk trend, leading to securities class action lawsuits. D&O market remains competitive but a step up in scrutiny of corporate conduct around the globe means loss potential…
Wellington AI software firm Montoux in liquidation after ‘David and Goliath’ legal threat
Veteran entrepreneur Serge van Dam – a director and small shareholder in Montoux at the time of its liquidation – said FIS was essentially accusing the Wellington firm of using FIS code to train its AI. In a Demand For Jury trial filed last month, FIS said, “Instead of designing and writing its own software…
New owner of Maketū Pies filling in today after liquidation
Maketū Pies has been saved again — two weeks into its liquidation process. Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today. Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa Management Ltd, at the end of November, and liquidators had been…
Lawrence Dallaglio hasn't answered cash demands to pay £354k tax bill – MSN
Lawrence Dallaglio hasn’t answered cash demands to pay £354k tax bill MSN Read the original article here
Iconic Maketū Pies bought following two week liquidation process
Maketū Pies was placed into solvent liquidation in November. Photo: Laura Smith Maketū Pies has been saved again, two weeks into its liquidation process. Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today. Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa…
Secret process to liquidate SolarZero began with exit of CEO – sources
Discussions to liquidate NZ’s leading solar panel company began at least six weeks before the decision was announced to staff, according to sources. SolarZero wasn’t even close to meeting ambitious sales projections, and had gone back to shareholder BlackRock seeking a further equity injection. That would be on top of $257.8 million already invested by…