On 4 March 2025, the Victorian Supreme Court made orders that a special purpose liquidator be appointed to replace an incumbent liquidator to finalise a long-running liquidation. The decision demonstrates the flexibility of the Court’s powers under section 90-15(1) of the Insolvency Practice Schedule (Corporations) to replace liquidators if it is in the best interests…
Austrans is not the first business associated with O’Shea that has collapsed.Credit: Instagram O’Shea, who took over the 37-year-old business from his father, said it had been sabotaged by a rival transport company, which he accused of illegally suspending its services to derail Austrans and its holding company, Vermile Pty Ltd. “I categorically deny all…
Open this photo in gallery: People walk into a Hudson’s Bay store in Hamilton, Ont., on March 21.Carlos Osorio/Reuters As an order processor at the Hudson’s Bay Co. distribution centre in Toronto’s east end, Kevin Grell has been working harder than usual in recent weeks – all while fearing for his livelihood. “I see a…
Sharvain Facades goes into voluntary administration MSN Read the original article here
Hudson’s Bay Co. ULC can begin liquidating all but six of its stores on Monday, an Ontario court decided on Friday, ending an era of department store dominance for Canada’s oldest company. The Ontario Superior Court approved the retailer’s wind-down proposal as it tries to find restructuring solutions with its creditors and landlords. The liquidation…
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep a half-dozen stores open — for now. Canada’s oldest company was in court Monday to seek permission from an Ontario judge to liquidate all but six stores starting Monday. The six stores Hudson’s Bay wants to…
Credit: Markus Winkler via Unsplash https://unsplash.com/@markuswinkler Scott McCorkell, the founder of the failed North Sydney advertising agency that bears his name, and his advisors face fresh legal action in the Federal Court. The current liquidator of McCorkell and Associates, Michael Hogan, is taking action against McCorkell and those who advised him in a process…
Sec Cabinet approves: Israel to manage administration for ‘voluntary relocation’ from Gaza Arutz Sheva Read the original article here
Hudson’s Bay is liquidating. Here’s what you need to know CTV News Read the original article here
TORONTO — Hudson’s Bay is due to liquidate all but six of its stores starting on Monday. Here’s how the process will unfold. Which stores are part of the liquidation? Hudson’s Bay wants to liquidate all but six of its stores. It has 80 stores under the Hudson’s Bay banner, as well as the three…