Car sales platform Car Connect has collapsed into voluntary administration, impacting hundreds of customers who have paid either partly or in full for cars which are yet to be delivered. The Sydney-based company has appointed RSM Australia Partners Jonathon Colbran and Brett Lord as joint administrators on February 26. Car Connect has been in operation…
The Trump administration’s latest AI executive order directs federal agencies to develop benchmarks to assess AI models’ cyber capabilities, to create an “an AI cybersecurity clearinghouse” to review and share information on vulnerabilities, and to shore up the government’s security defenses. Graeme Sloan/Getty Images hide caption toggle caption Graeme Sloan/Getty Images President Trump signed a…
Quick Read Trump signed an executive order requiring a 30-day voluntary review for advanced AI models. The order aims to protect critical infrastructure from AI-driven cyber threats. Major firms like OpenAI and Microsoft have expressed support for the collaborative framework. The policy avoids mandatory government licensing to maintain U.S. competitive advantage. A Pivot Toward Structured…
Rating agency Icra on Wednesday pitched for a separate framework for small-ticket insolvency cases before they reach the National Company Law Tribunal (NCLT), saying such a mechanism would reduce pressure on the tribunal and help expedite admissions for larger accounts. “Icra believes that there is a necessity for a separate framework for small ticket-size cases…
Country music festival says it’s owed €135k as Ireland’s largest ticketing company collapses MSN Read the original article here
UK fashion retailer to close all 15 stores after collapsing into liquidation The Worcester News Read the original article here
Irish ticketing company enters liquidation after 22yrs in new business blow The Irish Sun Read the original article here
Alberta Court of Appeal confirms equity investors may initiate CCAA proceedings, broadening standing and reshaping strategy for stakeholders. Fasken Read the original article here
The Supreme Court has said that when associated or group companies are so inextricably connected that they effectively function as one concern, courts can lift the corporate veil and look at the economic reality of the group as a whole. Answering the question of when such a step can be taken, a Bench of Justices…
At a time when space launch capacity is being stretched thin, a UK spaceport company is to be liquidated. The BBC reported on 3rd June that Sutherland Spaceport Ltd, a subsidiary of failed rocketeer Orbex, is to have its assets sold off. SSL’s assets include permission to build a spaceport near the village of Tongue…