Shares plunge 15% as JSE-listed group cans plans to dispose of Clough to Italian group Webuild. Murray & Roberts (M&R) has terminated the proposed disposal of its Australian subsidiary Clough and placed both Clough and Murray & Roberts Pty Ltd (MRPL), an indirect wholly owned subsidiary of the group and the groups holding company in…
Singaporean crypto asset manager and custodian Eqonex is selling its businesses to pay creditors and looking for a custodian for its crypto exchange-traded note (ETN) in Europe just months after entering a tie-up deal with the payments arm of Binance. Within weeks of its stock listing on the Nasdaq exchange through a special purpose acquisition…
Turanga, Christchurchs central library, has a facade worked on by Alutech Windows and Doors, which is now in liquidation. A company that helped produce some of Christchurchs most glamorous rebuild projects has gone into liquidation. Alutech Windows and Doors Ltd worked on the facades of post-earthquake buildings including the Turanga central library, the Deloitte office…
Insolvency And Bankruptcy Code, Corporate Insolvency Resolution Process, Pre-pack insolvency resolution, Cross-border insolvency, Link Legal Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/law-firms/law-firm-articles-/insolvency-and-bankruptcy-code-corporate-insolvency-resolution-process-pre-pack-insolvency-resolution-cross-border-insolvency-link-legal-215781
Andriyko Podilnyk/Unsplash Chocolate Brown is a chocolate shop and cafe. A popular Warkworth chocolatier has been placed into voluntary administration. Chocolate Brown, which employed 38 staff as part of its chocolate-making and cafe business, was placed into administration and Bryan Williams of BWA Insolvency appointed administrator on December 1. The artisan chocolate business had been…
The board has amended its regulation to allow IPEs to register as insolvency professionals and perform all their functions, including managing a company’s operations TopicsIBBI|IBC|Insolvency and Bankruptcy Code Abhijit Lele | Mumbai Last Updated at December 3, 2022 19:51 IST Illustration ‘).insertAfter(“.article-content__img”);$(“.article-content__img div”).find(‘div’).remove(); //]]> In a move that might enhance transparency in corporate resolution, the…
Dot Bagel’s Heaton store is set to reopen after a rescue deal was struck following the company’s’ collapse into liquidation last month. Jesmond bakery and caf business Kennedy & Rhind has acquired the Chillingham Road outlet and says it has re-employed the majority of staff following its closure in October. Dot Bagel, which also had…
Nordic Shipholding Denmark-based Nordic Shipholding is to be wound down following the disposal of its entire fleet of product tankers earlier this year. Backed by its majority shareholder, Nordic Maritime, the company is calling for a general meeting to initiate a voluntary solvent liquidation. No distribution of funds to the shareholders is anticipated upon completion…
In the recent decision of Banerjee (Liquidator), in the matter of Eastside Formwork Pty Ltd (in liq) v Stojic[2022] FCA 1315, a liquidator succeeded in obtaining orders for a warrant to search for and seize books and records which had been concealed from the liquidator. The warrant was directed at the person deemed the guiding…
BENGALURU, Dec 2 (Reuters) – The highest bid India’s Reliance Capital (RLCP.NS), which is undergoing insolvency proceedings, received was 60% below its aggregate liquidation value, the Anil Ambani-led company’s administrator has let its lenders know, the Economic Times reported on Friday. The Reserve Bank of India superseded the board of Reliance Capital last year, saying…