Insolvency Guardian Media Centre
Seafarms Group Supports Transition of Project Sea Dragon to Voluntary Administration TipRanks
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Update: Joann Fabrics to Close All Locations Nationwide, Including Hesperia Store Victor Valley News – VVNG
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The Supreme Court has ruled that the Bank of Ghana (BoG) did not make any errors in revoking the license of UniCredit Ghana Limited.
A five-member panel, led by Justice Gertrude Sackey Torkornoo, unanimously affirmed this decision, Asaaseradio.com reports.
The Supreme Court overturned the Court of Appeal’s decision and upheld the High Court’s ruling in the case of the Republic versus Bank of Ghana, Ex Parte Hoda Holdings Limited.
On March 18, 2021, Justice Gifty Agyei Addo of the High Court ruled in favour of the Bank of Ghana, stating that UniCredit was insolvent before its license was revoked.
UniCredit had received multiple notices from the BoG to address its capital deficiency, with warnings that failure to comply would result in the…
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Burger King, Popeyes Franchisee Gets Debt Help as Cash Dries Up Bloomberg
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Comvita at risk of breaching bank covenants if no debt relief soon The Post
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Comvita at risk of breaching bank covenants if no debt relief soon The Press
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News | Crafts chain Joann will now shut all its stores in liquidation CoStar Group
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COLUMBIA, Mo. (KMIZ)
Crafts retailer Joann will close all its stores and hold liquidation sales.
The company released a list of stores that would close two weeks ago, including the Jefferson City location. Since then, GA Group bought the company at auction and has decided to close down all stores, according to a customer FAQ posted by Joann.
The Joann website on Monday showed the Jefferson City store was liquidating its inventory. The Columbia location was not listed as having a going-out-of-business sale.
The FAQ says the new owners expect to continue liquidation sales where they’re already happening and begin them at other locations immediately.
A judge is expected…
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Germany’s Merz will push up debt with help of left, says AfD leader Reuters
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The leader of the far-right Alternative for Germany (AfD), now the second-largest party, warned that the likely next chancellor will be pressured by left-wing parties to relax strict fiscal rules.
AfD leader Alice Weidel compared Germany‘s finances to those of a company, saying that the likely new government of conservative leader Friedrich Merz would be forced by left-wing parties into borrowing more.
“(He) won’t be able to implement anything that he promised,” she said of Merz, a fiscal conservative who has however indicated that he…