We see the Land Rover going in and out, but thats about it, says a neighbour of Barry Harte in the quiet West Cork village of Timoleague. The Land Rover and an SUV sit parked outside the former parochial house where Mr Harte and his wife have lived for decades and from where he managed…
Allied Esports Entertainment has set out plans to restructure its existing esports business operations and expand its focus into a wider range of markets, following the completion of a strategic review. Overseen by its board of directors and assisted by financial advisor Benchmark Company, the review looked at the Allied business as a whole to…
Launching a startup often involves incurring debt. Even those that have limited equity are likely to use a loan or credit card. Since the majority of startups are not expected to gain a significant profit for many years, all startup owners should prepare themselves to accrue debt. Luckily, there are ways to efficiently manage your…
Dot Bagel’s Heaton store is set to reopen after a rescue deal was struck following the company’s’ collapse into liquidation last month. Jesmond bakery and caf business Kennedy & Rhind has acquired the Chillingham Road outlet and says it has re-employed the majority of staff following its closure in October. Dot Bagel, which also had…
On 5 October 2022, the UK Supreme Court confirmed that directors sometimes owe an extended duty to uphold the interests of a companys creditors when solvency is in doubt. The precise circumstances in which this special duty is triggered will be more fully developed in future cases, but the Court ruled that merely a real…
China has stepped up support measures to alleviate a liquidity squeeze stifling the property sector. (AP PHOTO) China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, sources have told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given “window…
Im sure many of you read in the newspapers recently that the Earths population of humans has now reached 8 billion. To put this in perspective, human population reached 1 billion in 1804, 2 billion in 1927, 3 billion in 1960 and 4 billion in 1974. The UN projects there will be 9 billion by…
Nordic Shipholding Denmark-based Nordic Shipholding is to be wound down following the disposal of its entire fleet of product tankers earlier this year. Backed by its majority shareholder, Nordic Maritime, the company is calling for a general meeting to initiate a voluntary solvent liquidation. No distribution of funds to the shareholders is anticipated upon completion…
A debt fund has persuaded the Supreme Court to hear its appeal against approval for a personal insolvency arrangement (PIA) allowing a man to keep his 1.8 million farming assets. Promontoria (Oyster) DACs appeal relates to the personal insolvency arrangement of Co Wexford-based Fergus OConnor (47), who had debts totalling 1.1 million. It is understood…
In the recent decision of Banerjee (Liquidator), in the matter of Eastside Formwork Pty Ltd (in liq) v Stojic[2022] FCA 1315, a liquidator succeeded in obtaining orders for a warrant to search for and seize books and records which had been concealed from the liquidator. The warrant was directed at the person deemed the guiding…