The corporate existence of iSun is drawing to a definitive close. The company, which transitioned into a formal liquidation process early last year, ceased its core business operations some time ago. It now operates solely as a legal entity tasked with distributing any remaining assets to its creditors. For stakeholders, the situation is now almost…
Edinburgh-based Filming spent more than 20 years working with “some of the world’s biggest brands” including the likes of Starz and Sony Studios’ Outlander, Chanel and Glenfiddich, but has now fallen into the hands of liquidators, according to The Herald. The firm was described as a “hands-on and customised” service production in Scotland and helped…
Tongaat Hulett: Why liquidation move threatens South Africa’s sugar industry MSN Read the original article here
A dispute between a liquidator and Pitcher Partners over Titan Interactive’s collapse has continued, with the Federal Court having mulled an injunction against the accounting firm. Titan liquidator Jennifer Low sought an injunction, or alternatively damages, against Pitcher Partners in the Federal Court of Australia, claiming the firm knew or was involved in the Titan…
Barbeques Galore Enters Receivership Power Retail Read the original article here
Barbeques Galore has entered voluntary administration, shaking Australia’s discretionary retail sector and alarming consumers. The iconic outdoor retailer employs about 500 staff and runs 68 company-owned plus 27 franchise stores nationwide. Liquidity stress forced administrators and receivers to step in, while customers now face a sharply reduced voucher value. Gift cards effectively require $2 in…
PDUNASS Conducts Half-Day Workshop on Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 PIB Read the original article here
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Independent professionals will run vodka maker Stoli’s US entities following a settlement with Fifth Third Bank. The move keeps the door open for restructuring rather than asset sales. A Texas bankruptcy judge has ordered separate trustees to take the helm at Stoli USA and Kentucky Owl, bringing independent management to the vodka brand’s beleaguered American…
Tongaat Hulett, a 134 year-old South African sugar maker, is on the brink of collapse again as its administrators prepare to place the firm into bankruptcy, according to people with knowledge of the matter. The company’s strategic partners — Vision Group and the Industrial Development Corporation — have been in negotiations to secure funding but…