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…
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…
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…
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…
Core Scientific, a major publicly traded crypto mining company in the United States, has filed for Chapter 11 bankruptcy protection in Texas. The development comes on the back of a prolonged crypto winter and weak bitcoin price action, exacerbated by the FTX bankruptcy. Core Scientific had exposure to Celsius The market capitalization of Core Scientific…
Companies Law firms Dec 21 (Reuters) – Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of its debts. FTX declared bankruptcy on Nov. 11, collapsing amid…
This report studies theCorporate Insolvency ServiceMarketwith many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Corporate Insolvency Service market analysis segmented by companies, region, type and applications in…
SPORT/MISCELLANY Emotional Becker recounts prison experience By AFP Published: Dec 22, 2022 09:21 PM Former tennis star Boris Becker gives his first interview after release from a British prison on December 20, 2022. Photo: AFP Former tennis superstar Boris Becker said he relied on “blood brothers” to protect him in a British prison and said…
Steven David Hutton, 47, from Glasgow, was the sole director of Marchmount Consulting Ltd, which was incorporated in December 2008 and traded as a management consultancy offering business support services from Newton Place in Glasgow. The company went into liquidation in March 2020 owing nearly 46,000, which triggered an investigation by the Insolvency Service. But…