XLMedia announced a series of board changes on Monday, as it progressed toward a planned liquidation following the sale of substantially all of its assets. The AIM-traded company confirmed its focus on cost reduction and effective governance as it prepared to return capital to shareholders and conclude its operations. An initial return of capital was…
Lilium lays off almost all staff pending impending liquidation Aerospace Global News Read the original article here
Court awards Clint Eastwood €250,000 from Lithuanian company LRT Read the original article here
DALLAS, Dec. 23, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, announced it has entered into an agreement (the “Agreement”) with entities controlled by its…
This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a small two-digit number of people will remain employed for the time being to support the imminent liquidation of the young company. A week ago, it still looked like the company would be rescued. Wirtschaftswoche reported…
Job losses deepen as more firms go into liquidation Business Daily Read the original article here
Major Australian fashion retailer collapses into voluntary administration Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process EGR Global Read the original article here
The Supreme Court, in a recent Judgment, observed that there is no requirement under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 (IBC) that there can be a debt only when there is a default. The Court was deciding a batch of Civil Appeals preferred by the China Development Bank and others against the…
Israeli robotics firm BionicHive files for liquidation Tech in Asia Read the original article here