Cotton On Asia liquidation refers to the winding up of an inactive holding company, not the retail operations. On 1 April, Cotton On clarified the entity has no staff or stores, and business in Asia continues. For Singapore, more than 30 outlets remain open, easing fears of closures. We break down what this means for…
Finnish model of education provider in administration The Sector Read the original article here
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The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling proceedings of Supertech Ltd and Nobility Estates. In its order passed on March 30, the IBBI’s disciplinary committee (DC) found that Hitesh Goel failed to perform his duties provided under the…
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EVERGRANDE AUTO (00708.HK) Two Subsidiaries Filed for Bankruptcy Liquidation, Trading Remains Suspended AASTOCKS.com Read the original article here
Global insurance and reinsurance broking group Aon has announced that its specialist UK Insolvency and Restructuring insurance and risk team, based in Birmingham, has appointed Catherine Williamson as Growth and Technical Director. In this newly created role, Williamson will focus on delivering insights and solutions to clients managing business restructuring and disruption. By bringing together…
Interserve collapsed in 2019 after rejected deleveraging plans left debts of £814.5 million and other liabilities of £201.7 million. Several subsidiaries remain in liquidation, while others were sold or restructured. This includes TS Facilities Management which was sold to Mitie in 2020, RMD Kwikform which was acquired by Altrad in 2021, and the construction arm,…
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