Category Archives: Liquidation

Practical advantages of pre-reorganisation in corporate rescue

The pre-reorganisation system serves as a transitional mechanism between out-of-court restructuring and formal bankruptcy reorganisation. It is being increasingly applied to help courts more accurately assess a company’s reorganisation value, facilitate preparatory arrangements for proceedings, and ultimately improve the efficiency and success rate of corporate rescue. The origins The pre-reorganisation system originated in US judicial…

Walleys Quarry operator enters liquidation – ENDS Report

Walleys Quarry operator enters liquidation  ENDS Report Read the original article here

Achilles Therapeutics Announces Voluntary Nasdaq Delisting and SEC Deregistration

LONDON, Feb. 28, 2025 (GLOBE NEWSWIRE) — Achilles Therapeutics plc (NASDAQ: ACHL) (the Company) today announced that it has formally notified The Nasdaq Stock Market LLC (Nasdaq) of its intention to voluntarily delist its American Depositary Shares (ADSs) from Nasdaq and its intent to deregister its ADSs from the Securities and Exchange Commission (SEC) under…

Achilles Therapeutics Announces Nasdaq Delisting and Liquidation Plans for March 2025

Achilles Therapeutics (NASDAQ: ACHL) has announced its intention to voluntarily delist its American Depositary Shares (ADSs) from Nasdaq and deregister from the SEC. The company has scheduled a General Meeting for March 20, 2025 to obtain shareholder approval for commencing a members’ voluntary liquidation. The company plans to file Form 25 with…

Walleys Quarry: Operator of closed landfill goes into liquidation

Why is the landfill so controversial?published at 11:47 Greenwich Mean Time 11:47 GMT Image source, Reuters Walleys Quarry landfill is located close to a large number of houses in the village of Silverdale in Staffordshire. For a number of years, residents have complained about a foul stench emanating from the site, which eventually spawned the…

Comparing China and US bankruptcy regimes under new Company Law

China’s new Company Law introduces major reforms in capital systems, shareholder liability and corporate governance, significantly influencing implementation of the Bankruptcy Law. This article adopts a comparative law perspective to examine the theoretical frameworks and practical norms of bankruptcy laws in China and the US, with a focus on the new Company Law’s impact on…

2 subsidiaries of debt-ridden Hong Kong contractor Paul Y sued for HK$9.5 million

Two subsidiaries of a major Hong Kong construction firm have been sued by a subcontractor for compensation of more than HK$9.5 million (US$1.2 million) after the parent company proceeded with winding-up proceedings. Paul Y Construction Co and Paul Y General Contractors – two subsidiaries of Paul Y Engineering Group – were allegedly indebted to Mankey…