(Bloomberg) — Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from shutting-down despite challenges from vendors that claimed the deal unfairly saddles them with steep losses. Judge J. Kate Stickles said late Tuesday she’d approve a sale of the retailer to Gordon Brothers Retail Partners,…
Corporate insolvencies in the UK increased by 1.5% in September 2024 from the previous month, according to the latest data from the Insolvency Service. The total number of corporate insolvencies stood at 1,973 compared to August’s total of 1,943, and decreased by 7.4% compared to September 2023’s figure of 2,130. Corporate insolvencies also increased by 14.3%…
UK Corporate Insolvency and Governance Act 2020: A more debtor-friendly restructuring regime? Norton Rose Fulbright Read the original article here
Galera Therapeutics sidesteps liquidation, acquires New York biotech company The Business Journals Read the original article here
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
Bensons Property Group in Administration Bensons Property Group in Administration: Bensons Property Group, a leading property developer in Australia, has officially entered voluntary administration amidst the growing challenges in the construction sector. This development has raised concerns among stakeholders, including employees, creditors, and future homeowners. Here’s everything you need to know about what this means,…
A “leading” Australian provider of telehealth services has been ordered into court liquidation with debts estimated in excess of $10 million. The company, Ereports Pty Ltd, described itself as “a global network of 400 plus leading medical experts across 65 plus specialties and locations in Australia, South Africa and the UK and a “leading provider”…
The trucking company found responsible for a crash on the Eastern Freeway that killed four police officers will never pay the $2.31 million fine it received over the incident because it has been placed into liquidation. The company, Connect Logistics, will also never repay the $90,000 in legal costs incurred by the National Heavy Vehicle…
SPQR closed its doors in July. Photo: RNZ / Melanie Earley It’s been a tough year for businesses around the country. In November, company liquidations were up 27 percent year-on-year, according to Centrix. Businesses large and small suffered – and even some big names did not make it. Here are some of the prominent businesses…
Case Note on Siti Networks Ltd. v. Rajiv Suri Facts: Parties Involved: The case involves Siti Networks Ltd. (formerly Siticable Network Ltd.), represented by its Resolution Professional Rohit Ramesh Mehra (Appellant). Rajiv Suri, a businessman (Respondent). Background: The Appellant is undergoing a Corporate Insolvency Resolution…