Australias largest brick manufacturer has become the latest casualty in the nations construction industry crisis, with the company forced to close down a major plant in the countrys west. Concrete block and brick producer Brickworks revealed on Thursday its Western Australian subsidiary Austral has been running at a loss in recent years off the back…
The number of firms going bankrupt in Scotland grew by a third last year Company bankruptcies in Scotland rose by a third in the past financial year, as debts from during the pandemic contributed to 1,132 firms going under. Trade association R3, which represents insolvency accountants, said a further wave was almost inevitable, even though…
Bit4You is Belgiums first and only crypto asset lending platform. The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent. The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia. In cryptocurrency news today, Bit4You, the first Belgium-based cryptocurrency lending platform,has announced its suspending…
High-profile heir Grant Bennett left a spate of bad business deals in his wake when he was declared bankrupt in 2015, but he seems to have bounced back nicely with a new $7.35 million Dalkeith mansion. Bennett, son of billionaire Angela Bennett and grandson of Lang Hancocks late iron ore exploration partner Peter Wright, has…
BRUSSELS, April 27 (Reuters) – The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian…
By Marine Strauss BRUSSELS, April 27 (Reuters) – The first and only Belgian cryptocurrency lending platform,Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending companybased in the Baltic state, also no longer has the required registration as a…
Getty Images By Douglas Fraser Business and economy editor, Scotland Company bankruptcies in Scotland rose by a third in the past financial year, as debts from during the pandemic contributed to 1,132 firms going under. Trade association R3, which represents insolvency accountants, said a further wave was almost inevitable, even though the economy has shown…
Hale and Hearty, the bankrupt chain of counter-service soup and salad restaurants, is back in business. The company, started in 1990 by Jonathan Schnipper an owner of the Schnippers burger chain and a partner in George Motzs Hamburger America will mount a comeback under new owners, who purchased the rights to the business and its…
Summary If a corporations directors fail to identify the pivotal point at which their company becomes legally insolvent, they can be held personally liable for breaching their fiduciary duties to the corporations creditors. The Upshot A corporations directors owe a fiduciary duty to its lenders from the moment the corporation qualifies as legally insolvent. Determining…
On April 18, two Dutch fruit and vegetable companies were declared bankrupt. Rodenburg Fresh Food of Rotterdam specialized in exporting the total fruit and vegetable package. Mr. M.K. de Bruijn was appointed curator. Fruta del Huerto, based in Breda, specialized in importing and exporting primarily limes. The company explains that the pandemic hit it hard,…