One of Australias oldest chocolate brands, Ernest Hillier Chocolates, has gone into voluntary administration. Its parent, Chocolate & Confectionery Company, said rising raw materials and shipping costs had significantly impacted margins. Alan Walker and Glenn Livingstone from WLP Restructuring Partners have been appointed as the administrators and are seeking urgent expressions of interest from parties…
Alan Walker and Glenn Livingstone have been appointed as Voluntary Administrators to Chocolate & Confectionery Company and its related entity that owns and manufactures Ernest Hillier Chocolates, one of Australias oldest chocolate brands. Following rising raw materials and shipping costs which significantly impacted the companies margins, voluntary administrators were appointed. The businesss distribution network spans…
Aussie brides-to-be have been left in disarray after a popular boutique based in melbourne and sydney suddenly closed yesterday. A public notice posted to ASIC’s website on Monday announced the liquidation of The Bridal Atelier. Both stores were sent a notice for immediate closure, leaving customers “begging” for their wedding dresses, according to one staffer.…
Insolvency Law: Government Exempts Petroleum Assets from Moratorium; Aviation, Telecom May Be Next Business NewsGovernment Exempts Petroleum Assets From Moratorium; Aviation, Telecom May Be Next ADVERTISEMENT 20 Jun 2023, 6:57 PM IST 20 Jun 2023, 6:57 PM IST 20 Jun 2023, 6:57 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/business/government-exempts-petroleum-assets-from-moratorium
Eleanor Temple, chair of the UKs insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds Corporate insolvencies increased by 51.2% in May 2023 to a total of 2,552 compared to Aprils total of 1,688, and increased by 39.8% compared to May 2022s figure of 1,825. Corporate insolvencies increased…
A month-on-month surge of over 50 per cent in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, with increasing numbers of companies expected to turn to an insolvency process over coming months to help resolve their financial issues. This is…
A month-on-month surge of over 50% in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, the Midlands branch of UK insolvency and restructuring trade body R3 says. The latest figures from the Insolvency Service show that corporate insolvencies jumped by…
Our team of skilled corporate restructuring lawyers has a broad range of experience across the full spectrum of corporate advisory related matters, with specific recent experience in the retail sector in connection with company voluntary arrangements. Having acted on more retail CVAs than any other law firm over the past 12-18 months, Shoosmiths is now…
EXCLUSIVE: Award-winning pool company goes under costing dozens of furious clients hefty deposits of up to $32,000 – after the owner sent a bizarre email complaining of death threats Pools R Us in liquidation Up to 80 clients paid deposits for pools Owners claimed they’d received death threats in unusual email By Eliza Mcphee For…
Changes and improvements is being done in the Insolvency and Bankruptcy Code (IBC), 2016, according to the Institute of Chartered Accountants of India, and an IBC 2.0 is anticipated to be released soon. “IBC 2.0 will largely deal with the suggestions mentioned in the discussion paper that has come out from the Ministry of Corporate…