The UK Supreme Court has reinstated a €67 million award to the Krys Global liquidators in Mitchell & another v Sheikh Mohamed Bin Issa Al Jaber & others, confirming that a director who acts after a company’s liquidation can assume fiduciary duties and be held accountable for misappropriation. The Court clarified that there is no…
Michael Saylor’s Strategy is attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in digital asset treasury (DAT) stocks. Strategy, the world’s largest corporate Bitcoin BTCUSD holder, has rolled out a new credit rating dashboard based on the company’s preferred stock notional value, and claims…
Alpha DX Group Limited – Monthly Update in Compulsory Liquidation Key Highlights from the Latest Update No Material Developments: The Joint and Several Liquidators of Alpha DX Group Limited have confirmed that, since their previous announcements, there have been no material developments regarding the company’s affairs. Ongoing Communication: The Liquidators have committed to making further…
SINGAPORE – Close to 100 creditors are owed slightly over $1 million by confectionery chain Twelve Cupcakes, according to one of its appointed liquidators from AAG Corporate Advisory on Nov 25. This excludes the unpaid salaries owed to 80 former employees . The company has entered full liquidation as of Nov 24, the liquidator confirmed…
Homeplus failed to make the main bid, \n2nd sale and rehabilitation plan review commenced\n If the company’s proposal for participating in the preliminary bid fails to submit\n2nd sale, the possibility of liquidation ‘realization’ 사진 확대 Homeplus Dongdaemun Branch [Reporter Lee Seung Hwan] The possibility of liquidation is rising again as the first sale of Homeplus,…
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that the failure to communicate the individual score and ranking of a resolution applicant does not invalidate the corporate insolvency resolution process. The Tribunal ruled that the Consortium of Govindrao Sable’s objection to the non disclosure of its scorecard did not affect the…
TipRanks Black Friday Sale Alpha Energy Holdings ( (SG:VVL) ) just unveiled an announcement. Alpha DX Group Limited, currently in compulsory liquidation, has announced that there have been no material developments regarding its affairs since previous updates. The liquidators have committed to providing further announcements should any significant changes occur. Shareholders are advised to seek…
Running a company can be challenging, especially when cash flow pressures build. If you find yourself in financial difficulty, there are alternative pathways for small businesses other than traditional liquidation and administration. Must be a corporation to qualify In 2021, new laws were introduced to make corporate insolvency simpler and more affordable for small, incorporated…
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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…