Smiths City creditors claim $26.7m as staff paid in full, liquidators’ report says – Waikato Times
Smiths City creditors claim $26.7m as staff paid in full, liquidators’ report says Waikato Times Read the original article here
Dunedin kebab restaurant closes amid tough times
Tough economic times and rising costs have culminated in the “difficult decision” to place a Dunedin kebab restaurant into liquidation. Anatolia Turkish Kebab House has ceased trading, as its operating company, Anatolia Turkish Cafe Ltd, was placed into liquidation by shareholder resolution last week. The company operated the Turkish restaurant and takeaways business in Princes…
Hamilton concrete firm collapses with $760k tax bill – Waikato Times
Hamilton concrete firm collapses with $760k tax bill Waikato Times Read the original article here
New CIRA to protect creditors, businesses and safeguard investment
play videoDr Justice Srem-Sai is the Deputy Attorney General Deputy Attorney General and Deputy Minister of Justice, Dr Justice Srem-Sai, has highlighted the significance of Ghana’s Corporate Insolvency and Restructuring Act (CIRA), describing it as a crucial tool to safeguard local businesses and restore investor confidence. Speaking at a stakeholder sensitisation forum on the enhanced…
Government to roll out new measures to address corporate insolvency in Ghana – Deputy A-G – 3News
Government to roll out new measures to address corporate insolvency in Ghana – Deputy A-G 3News Read the original article here
CareerBuilder, job website toppled by AI, wraps liquidation – Silicon Valley
(Bloomberg/Steven Church) — The owner of former job recruitment sites CareerBuilder and Monster, which blamed artificial intelligence for their demise, won court approval to end a liquidation case by paying lenders and other creditors less than 10% of what they are owed. Under the bankruptcy payout plan, noteholders and lenders owed nearly $363 million will…
Kebab restaurant closes as company placed in liquidation
Tough economic times and rising costs have culminated in the “difficult decision” to place a Dunedin kebab restaurant into liquidation. Anatolia Turkish Kebab House has ceased trading, as its operating company, Anatolia Turkish Cafe Ltd, was placed into liquidation by shareholder resolution last week. The company operated the Turkish restaurant and takeaways business in Princes…
Nigeria’s Legal and Business Leaders Push for a Shift from Liquidation to Corporate Rescue in Insolvency Practice
Nigeria’s top judges, lawyers, and insolvency experts are calling for a paradigm shift in the nation’s insolvency ecosystem — from punitive liquidation practices to proactive business rescue and restructuring — as economic turbulence continues to strain companies across sectors. At the 2025 Annual International Insolvency Conference of the Business Recovery and Insolvency Practitioners Association of…
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Not so fast: Disputed debts and arbitration clauses as a shield against insolvency proceedings
The decision in Kwale International Sugar Company Limited v Epco Builders Limited and Two Others [2025] KECA 227 (KLR) reinforces the principle that insolvency proceedings must be reserved for clear cases of inability to pay and cannot be used as leverage in unsettled construction disputes. It also clarifies the boundaries between private dispute resolution mechanisms and…