You may also like: October 27, 2016, 9:40 am A UK processor ultimately 80% owned by a businessman subject to a bankruptcy restrictions order is seeking to counter allegations made in a letter doing the rounds of the sector, that it is a scam company. Despite the letter being anonymous, Cook & Lucas Frozen (UK) —…
When a company goes into liquidation, its generally understood that employees are entitled to redundancy pay. But what about the company directors themselves? Ultimately it is their business that has failed, and their livelihood that has collapsed. Unbeknown to many directors, the government does provide limited company directors with statutory entitlements, such as redundancy pay,…
October 27th, 2016 Jason Jiang Dry Cargo, Greater China 0 comments Zhejiang Ocean Shipping (Zosco), a major state-run dry bulk shipping company in Zhejiang, has been declared bankrupt by Hangzhou Intermediate Peoples Court. According to a court document Zhejiang Transportation Investment Group, the parent group of Zosco, applied with the court to liquidate the company…