For years, the standard playbook for African tech startups seeking international venture capital was simple: establish a holding company in a European jurisdiction like the Netherlands, Delaware, or the UK, channel investment through it, and run operations via local subsidiaries in markets like Lagos, Nairobi, or Johannesburg. However, a public bankruptcy filing in Amsterdam reveals…
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Australian climate tech startup Goterra has entered voluntary administration after failing to secure the critical investment needed to scale its automated, insect-powered waste-processing operations. The company’s board has appointed Daniel Walley and Martin Ford of Teneo to serve as joint administrators. Founded by Olympia Yarger, Goterra pioneered an innovative circular-economy solution using advanced robotics and…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
A plan to save the collapsed Barbeques Galore business has fallen through, resulting in the closure of 62 company-owned stores and the retail chain’s likely liquidation. Related Article Block Placeholder Article ID: 337064 Barbeques Galore, which sells barbeques, outdoor furniture, and wood heaters, first fell into administration in February. Its secured creditor appointed Ankura’s Quentin…
India’s insolvency resolution framework continues to face execution-related challenges, with liquidation remaining the dominant closure route and recovery rates showing little improvement despite multiple regulatory reforms, according to a report by India Ratings and Research (Ind-Ra). The agency said that while recent amendments and refinements to the Insolvency and Bankruptcy Code (IBC) are structurally positive,…
Singapore: Meetings of creditors, contributories scheduled for Da Shun Shipping Pte Ltd Manifold Times Read the original article here
Singapore: Hawksbill Shipping and related companies to be wound up voluntarily Manifold Times Read the original article here
The National Company Law Tribunal (NCLT) at Mumbai has held that a housing society which has lodged and secured admission of its claim in a corporate debtor’s insolvency proceedings cannot seek to recover the same dues directly from purchasers of the debtor’s property sold during liquidation. A Bench of Judicial Member Sushil Mahadeorao Kochey and…
The news: Canberra-based Agriculture tech startup Goterra has entered voluntary administration after failing to secure the investment needed to scale its waste-processing operations. The context: The appointment follows ASIC fillings showing the company board appointed Teneo’s Daniel Walley and Martin Ford to serve as joint administrators. In a statement to SmartCompany, a Goterra representative confirmed…