Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Laure Ferrari’s company, Baxter Laois Limited, recently faced liquidation amidst allegations of financial irregularities. This development follows the company’s striking
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member-Technical),
Laure Ferrari’s company, Baxter Laois Limited, recently faced liquidation amidst allegations of financial irregularities. This development follows the company’s striking off from the Companies House, carrying debts estimated at £11,000. Adding layers to the situation, Ferrari is reportedly under scrutiny for a fraud investigation related to the Institute for Direct Democracy in Europe (IDDE), a think tank she previously led. Understanding how these events unfold is crucial for stakeholders and observers.
Financial Troubles at Baxter Laois Limited
Baxter Laois Limited, known for selling gin linked to prominent political figure Nigel Farage, has encountered significant financial issues. According to Companies House records, the…
While consolidation can look like an easy fix, it can quickly make things worse if used in the wrong circumstances.
Some consolidation loans are secured, meaning your home or another asset is used as collateral. If you fail to meet repayments, the lender can repossess that asset to recover the money owed.
Even with unsecured loans, a longer repayment term can be misleading. A loan that cuts your monthly bill from £200 to £120 can sound attractive, but if it stretches over five or six years instead of three, you will pay far more overall.
There’s also a behavioural risk. Many people clear their credit cards with a new loan, then start using those cards again. That leads to two layers of debt rather than one and often a worse financial…
The American distillery behind the whiskey brand Westward has officially thrown in the towel. The whiskey maker had been struggling for some time and has now voluntarily declared bankruptcy. The reason is a tactical restart under private management.
FAQ
Where is Westward Whiskey made? Portland Oregon.
Has Westward Whiskey closed? No. The distillery was under severe strain, but the doors have always remained open.
How long does Westward Whiskey age? Between 5 and 12 years.
In April it was already revealed that Westward Whiskey was having difficulties. Liquidity problems arose due to high investments and huge supplies that were left lying around. However, Thomas Mooney, the director, was still talking about ‘a bright future for the distillery’….
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The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member-Technical), has dismissed the Korea Trade Insurance Corporation (Ksure) plea for insolvency of Amrit Polychmen, saying that the Ksure was well aware of the pre-existing dispute before stepping into the shoes of JTC.
Amrit Polychem Pvt. Ltd. (APL) placed three purchase orders with JT Corporation (JTC), Korea, for purchasing some chemicals. The appellant, Korea Trade Insurance Corporation (Ksure), insured the JTC against the buyer’s default.
APL paid for the second consignment, but the dispute arose between the parties with regard to the first shipment. APL alleged that the…
Spain has become the latest country to contribute to the World Bank’s Livable Planet Fund (LPF), as part of a new package of support for sustainable development and debt relief.
Spain is contributing €19.5 million to the LPF, with the country “stepping up its multilateral engagement to tackle global challenges,” commented Carlos Cuerpo, Spain’s minister of economy, trade and business.
“Spain remains committed to bolder financing for development, as enshrined in the Sevilla Commitment. Our partnership with the World Bank ensures we can deliver concrete results – from debt relief to decarbonisation – and reaffirms our commitment to a sustainable and inclusive future.”
