With the approval of the Financial Supervision Authority, TBB Bank has begun voluntary termination of operations and liquidation proceedings. The company, which no longer holds a banking license, asserts that it has sufficient funds to meet all obligations to its clients. A notice published Friday revealed that AS TBB Bank received permission from the Financial…
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‘It was always a question of when, not if,’ David Ian Gray says of Hudson’s Bay Co.’s misfortunes As the fate of Hudson’s Bay Co. is decided in a liquidation process overseen by the courts, one retail expert says this moment was a long time coming. HBC’s misfortunes are tied to the company’s failure to be…
The Supreme Court of New South Wales awarded a personal costs order against voluntary administrators appointed on the afternoon before the hearing of an application to wind up CII Group Pty Ltd (In Liquidation) ACN 106 253 310 (CII) for applying to adjourn the hearing pursuant to section 440A(2) of the Corporations Act 2001 (Cth)…
The Supreme Court of New South Wales awarded a personal costs order against voluntary administrators appointed on the afternoon before the hearing of an application to wind up CII Group Pty Ltd (In Liquidation) ACN 106 253 310 (CII) for applying to adjourn the hearing pursuant to section 440A(2) of the Corporations Act 2001 (Cth)…
This article first appeared in the International Comparative Legal Guide – Restructuring & Insolvency 2025, which covers common issues in restructuring and insolvency, including issues that arise when a company is in financial difficulties, restructuring options, insolvency procedures, tax, employees and cross-border issues. 1. Overview 1.1 Where would you place your jurisdiction on the spectrum…
A popular women’s activewear business that is headquartered in Noosa has entered voluntary administration, with creditors claiming they are owed more than $640,000. Exotic Athletica Pty Ltd appointed administrators on April 9, a notice with the Australian Securities and Investments Commission states. The company operates the fashion label Exoticathletica, which according to its website was…
Liquidator’s report outlines Hāwera restaurant’s struggles thepost.co.nz Read the original article here
Record subscription company Vinyl Me, Please has been accused of going cold on its customers as it enters liquidation, per The Denver Post. The Denver-based company – which offered a pay-monthly subscription service where members could receive “exclusive records” – reportedly emailed customers to inform them that they entered liquidation last month. A Reddit user…