On 19 December 2022, the UK Insolvency Service published the Corporate Insolvency and Governance Act Final Evaluation Report November 2022, which considers the operation of the permanent measures within the Corporate Insolvency and Governance Act 2020 (CIGA). By way of recap, the permanent measures in CIGA are: Restructuring plans (Part 26A of the Companies Act…
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A gaming company based in Malta has filed for bankruptcy, leaving some 150 people jobless, The Malta Independent can confirm. Employees were on Friday told that their employers Genesis Global Limited had filed for insolvency in Maltas courts and that they were therefore being made redundant. The company, which was established in 2014 and which…
Updated at 7:41pm with government statement A gaming company has laid off all its Malta-based workers after initiating proceedings in court to be declared insolvent. Genesis Global Limited has permanently closed its operations in Malta as a result of the insolvency, while all its workers have been declared redundant. The company had already laid off…
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Photo by Naim Benjelloun: https://www.pexels.com/photo/close-up-shot-of-a-roulette-3894215/ Over 100 iGaming employees working at Genesis Global Limited which runs 14 websites including genesiscasino.com, casinoplanet.com and casinocruise.com have been informed that their employment has been terminated, with the company informing its employees that it initiated proceedings before the court to be declared insolvent. The news first came to the…
A gaming company has laid off all its Malta-based workers after initiating proceedings in court to be declared insolvent. Genesis Global Limited has permanently closed its operations in Malta as a result of the insolvency, while all its workers have been declared redundant. The company had already laid off several workers in recent weeks, sparking…
A technician at a steel production line of Magang Group, which is part of China Baowu Steel Group, in Ma’anshan, Anhui province. [Photo by Luo Jisheng/for China Daily] BEIJING — The strategic restructuring of Sinosteel Group Corporation Limited and China Baowu Steel Group Corporation is of great significance to the layout and modernization of China’s…
William Je acquired over 30 years of experience in corporate restructuring and hedge fund investments across mainland China and Hong Kong. Photo: Hamilton Investment Management One of the most successful businessmen from Hong Kong, William Je is CEO of Hamilton Investment Management, a global fund manager with multi-billion assets under management, and founder of global…
Rockville, Dec. 06, 2022 (GLOBE NEWSWIRE) — Corporate Restructuring Advisory Market Is Expected To Grow At ACAGR Of 6.3%and Reach a Valuation ofUS$ 44.5 Billionby 2033 By Fact.MR Adverse economic and business environment will keep the momentum high for corporate restructuring advisory services providers Fact.MR, a market research and competitive intelligence provider, reveals that the…