The Guide on Conducting an Out-of-Court Workout in Asia is the third joint publication of the ABLI and the International Insolvency Institute, following their 2020 title, Corporate Restructuring and Insolvency in Asia, and their guide on the treatment of insolvent micro and small enterprises in Asia published last year. The Guide on Conducting an Out-of-Court…
DetailsA Sunshine Coast boat builder has gone into liquidation, reportedly owing more than $900,000. In a resolution filed with the Australian Securities and Investments Commission on March 23, notice was given that R and S Marine Pty Ltd, formerly trading as Galeforce Boats, would be wound up and SV Partners appointed as liquidator. An initial…
DetailsIn 926, when Huangfu Hui (), a soldier during the Five Dynasties period (907 960), decided to try his hand at the gambling table in a military camp, he didnt expect to change history. Without much luck, Huangfu quickly lost all his money and owed a fair amount of debt. Feeling hopeless, he took a…
DetailsDara Calleary Legislation providing increased protections for employees in a collective redundancy situation following their employers insolvency is to be drafted as a priority, the government has announced. Ministers yesterday approved the priority drafting of the Plan of Action on Collective Redundancies following Insolvency Bill 2023, which will implement the remaining commitments contained in an…
DetailsMay 4, 2023, 08:37 PM Napoli won their first Italian Serie A title in 33 years, clinching the Scudetto on Thursday with a 1-1 draw at Udinese. Needing only a draw to take an unassailable 16-point lead with five games remaining, Serie A’s top scorer, Victor Osimhen, equalised for Napoli in the 52nd minute to…
DetailsOpenMoney will enter a period of “significant” restructuring following its majority sale to entrepreneurs Will Mallard and Patrick Leahy last week. OpenMoney founders Duncan Cameron and Anthony Morrow sold the business but retained minority holdings, with Leahy becoming acting chief executive. The restructuring proposals which are yet to be approved by the regulator include plans to…
DetailsKaddy, an online marketplace connecting Australian drinks producers with retailers and venues, has gone into voluntary administration. The news comes in the same week that online retailer BoozeBud entered administration too. The announcement was made to the ASX today (May 5) via a statement which says: “The Administrators are undertaking an urgent assessment of the…
DetailsCitizens Advice warns people are at risk of “spiralling into debt” More people were unable to pay their debts in Bedford in 2022, new figures show. The figures come as Citizens Advice warns people are at risk of “spiralling into debt” amid the cost-of-living crisis. Read More Postcard sent to Bedford address discussing Titanic sinking…
DetailsThe Second District Court for Commercial Bankruptcy in Mexico City formally declared Interjet bankrupt, more than two years after the suspension of its operations. Interjet and its debts Following the ruling by Judge Sal Martnez Lira, the company, which was founded in 2005 and ceased operations in December 2020, will have to auction its assets…
DetailsEQS-News: Corestate Capital Holding S.A. / Key word(s): Restructure of Company/PersonnelCorestate Capital Holding S.A.: Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction corporate governance adjusted04.05.2023 / 22:49 CET/CESTThe issuer is solely responsible for the content of this announcement. Corestate: Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction corporate governance adjusted Dr.…
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