Listen to this article Out of nowhere, Borgward returned to the automotive scene in the second half of 2015 after being dormant for more than half a century. However, its revival was not a direct successor to the old German company. Chinese automaker Beiqi Foton Motor, a subsidiary of BAIC Group, bought the rights to…
Murray Allott owes IRD more than $800,000. Photo / Supplied Some days you never seem to have enough money! This is one of the catch-phrases of an accountant, liquidator and self-described profit coach who has landed in hot water after failing to manage his own money correctly. Murray Allott now owes IRD more than $800,000…
National Company Law Tribunal, Supreme Housing & Hospitality Private Limited, Corporate Insolvency Resolution Process Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/law-firms/deals/national-company-law-tribunal-supreme-housing-hospitality-private-limited-corporate-insolvency-resolution-process-215777
Outrage is growing in the working class. Across Germany and Europe, the costs of the pandemic, economic crisis and war are being passed on to working people. More and more workers are ready to take up the struggle against exploitation, spinoffs and job cuts. Workers are confronted not only with the greed for profit of…
Borgward declared bankrupt in China following 2015 relaunch, RM2.94 billion loss sustained last year In Borgward, International News / By Mick Chan / 5 December 2022 11:08 am / 0 comments Chinese-owned German brand Borgward has been declared bankrupt by a court in Beijing, China according to Foton, reports Automotive News Europe, The ruling was…
Alistair Hughes Podular customers say they handed over hundreds of thousands of dollars believing they would be getting their dream home but the houses were never built. In 2019 Charles Innes was discharged from bankruptcy after the failure of several businesses. By the end of the year he was at the helm of a new…
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…
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…
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…
30.11.2022 News has reached us of insolvency issues at both the Scottish and the Irish divisions of crane and wind turbine specialist Windhoist. We have reached out to the senior managers of Windhoist and the Windlogix group which includes Windhoist, Hexis Training and inspection company Stowen, but so far have received no response. We understand…