Metals recycling firm Unimetals has filed for compulsory liquidation, putting around 650 jobs at risk. The company, which operates 27 sites nationwide, is expected to begin winding down as soon as Tuesday after efforts to find a buyer for the business failed. It follows several notices of intention to appoint administrators in recent weeks, with…
Hundreds of jobs at risk as Unimetals enters liquidation TheBusinessDesk.com Read the original article here
TipRanks Black Friday Sale Skyfame Realty (Holdings) Ltd ( (HK:0059) ) has provided an announcement. Skyfame Realty (Holdings) Limited, a company incorporated in Bermuda, has been ordered to be wound up by the Commercial Court of the Supreme Court of Bermuda. The company is currently in liquidation, with Joint and Several Provisional Liquidators appointed to…
Employment protection in an insolvency context The sale of a struggling business will often trigger TUPE. The usual tests will apply, looking at whether there is a transfer of an “economic entity” i.e. a grouping of resources which has the objective of pursuing an economic activity. If TUPE applies, employees will usually automatically transfer to…
Containerboard producer Wizpaper in liquidation EUWID Pulp and Paper Read the original article here
The National Company Law Appellate Tribunal (NCLAT) , principal bench, New Delhi has dismissed an appeal challenging the rejection of a Section 9 application filed under the Insolvency and Bankruptcy Code (IBC), holding that the statutory requirement of serving a Section 8 demand notice on the corporate debtor was not fulfilled. The appellant had filed…
Darlington-headquartered restructuring and insolvency practice Business Rescue Expert has expanded into the North West with the launch of a new Manchester operation, appointing Kevin Pinkerton as managing director. Kevin joins after 23 years as a restructuring and insolvency lawyer, most recently serving as national head of the practice at Freeths. A qualified insolvency practitioner, he…
Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital. Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating…
Repeat offender dog daycare owner fined $100k, liquidates company Stuff Read the original article here
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here