The company behind well-known Scottish music festival Doune the Rabbit Hole has entered liquidation. Doune The Rabbit Hole Festival Ltd, the company that ran the 2022 event at Cardoss Estate in Stirlingshire, said it has entered liquidation after suffering huge financial difficulty. It comes after accusations surfaced in Octoberthat the festival, Scotlands largest outdoor camping…
DetailsMember Article Corporate insolvencies increased by 4.2% in November 2022 to a total of 2,029 compared to Octobers total of 1,948, and increased by 21.1% compared to November 2021s figure of 1,676, and by 34.8% compared to November 2019s total of 1,505. Personal insolvencies decreased by 0.6% to 10,465 in November 2022 compared to 10,528…
DetailsGerman tennis star Boris Becker has been freed from a British prison and will be deported from the country, PA Media reported on Thursday. Key points: His release comes more thanseven months after he was sentenced to two-and-a-half years in prison He was found guilty of hiding hundreds of thousands of pounds of assets after…
DetailsThey could not get comfortable during their due diligence before the appointment of administrators and thats why they withdrew their offer to provide $30 million of secured funding, he said. The administration process allowed Webuild to have commercial renegotiations with Cloughs clients without having to take on its historical liabilities on contracts, he said. Its…
DetailsDaily News View All News 15 December 2022 Adcorp Holdings Ltd. (ADR:JNB), a Johannesburg, South Africa-based staffing provider, said Wednesday it hadnt found a buyer for its subsidiary allaboutXpert Australia Propriety Ltd. As a result, Adcorpo placed allaboutXpert in voluntary administration on 12 December. Adcorp had reported in October that it had classified allaboutXpert Australian…
DetailsMore than 6,500 people in California are eligible for restitution in a lawsuit over student loan debt relief, with Los Angeles City Attorney Hydee Feldstein Soto announcing Wednesday that her office will be distributing part of $95 million in payments to customers across the country who alleged that Premier Student Loan Center deceived consumers. The…
DetailsCAMBRIDGE, Mass.–(BUSINESS WIRE)–Axcella Therapeutics (Nasdaq: AXLA), a biotechnology company pioneering a new approach to treat complex diseases using multi-targeted endogenous metabolic modulator (EMM) compositions, today announces a repositioning of its strategy to focus on Long COVID and realize value from its platform and current programs. The company has initiated a process to explore a range…
DetailsWe are pleased to present our first edition of the Annual Return, reporting on landmark cases, legislative reform, and the implications for your practice. Uncharted waters The last few years have been exceptionally challenging for all professionals, including insolvency practitioners. Global health and economic disruptions brought about by COVID-19, and rising geo-political tensions have set…
DetailsIn the matter of Mediacloud Pty Ltd (Administrators Appointed) [2021] NSWSC 357 the New South Wales Supreme Court demonstrated its wide discretionary power. The decision extended the period of administration of a company to avoid it being automatically wound up for failing to execute a deed of company arrangement within the required time. This, in…
DetailsTable of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} When you apply for credit, such as a bank loan or credit card, the lender needs to make a decision about whether youll be able to repay the money you want to borrow. To do this they will look at your credit report,…
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