John Tan, Manager, Strategy & Transactions, EY Luxembourg, Christophe Vandendorpe, Strategy & Transactions leader, EY Luxembourg In this article, Christophe Vandendorpe and John Tan, who are restructuring and liquidation practitioners at EY Luxembourgs Reshaping Results team, answer a question often asked by businesses: how to preserve value in a distressed situation? My business is failing…
DetailsGJES London Ltd, an electrical contracting company, was incorporated in October 2011 and Grzegorz Marcin Jarnot (47), from Worcester Park, Surrey, became the sole director on the same day. The company traded for over 7 years until GJES London went into Creditors voluntary liquidation in April 2019 as it was unable to pay its debts.…
DetailsWe have only just overcome the liquidity phase of the crisis in countries that are now relaxing restrictions. In many others, the health crisis is still acute. And the epidemic could flare up again anywhere, the general manager, Agustin Carstens, of Bank for International Settlements (BIS) acknowledged in late June whilst discussing the Banks 2020…
DetailsThe National Council unanimously voted on a bill that will allow the SBM to collect debts from its customers. The purpose of Bill 1019 is to put an end to the legal exception of gambling debts with regard to casinos, regardless of the date of the debt and even if the debt was amassed with…
DetailsJanuary 10, 2021 22:09 ET | Source: United States Small Business Administration Washington, Jan. 10, 2021 (GLOBE NEWSWIRE) — As the U.S. Small Business Administration continues implementation of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, signed into law by President Trump on Dec. 27, 2020, SBA Administrator Jovita Carranza made the…
DetailsCreativity and innovation are at the top of the priority list for Surfstitch this year, as the fashion retailer is set to develop a new range of initiatives, including its new third-party logistics service, a new app and product categories. The e-commerce retailer went into voluntary administration in 2017 and was eventually acquired by Alceon…
DetailsBrynne Edelsten, 37, says she has ‘no regrets’ about marrying Geoffrey, 77 – as she reveals why she kept her ex-husbands surname after their divorce By Candice Jackson For Daily Mail Australia Published: 09:10 AEDT, 11 January 2021 | Updated: 09:44 AEDT, 11 January 2021 14 View comments Brynne Edelsten became a household name in…
DetailsThe Government has made changes to our insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduce new processes suitable for small businesses from 1 January 2021, reducing complexity, time and costs for small businesses. The aim of the new legislation is to protect jobs, SMEs and social coherence,…
DetailsBetty has sought therapy after taking money from Scarletts account (Picture: REX) Scarlett Moffatts mother is receiving therapy after allegedly taking thousands from her daughters accounts to fund her gambling addiction. Gogglebox star Betty Moffatt reportedly checked into rehab after Scarlett, 30, discovered her mum had secretly taken thousands of pounds from her accounts as…
DetailsIntroduction Petitioner Insolvency Just and equitable Consequences of presentation of a petition Grand Court’s discretion Introduction A Cayman Islands company may be wound up either voluntarily according to its articles of association or compulsorily by the Grand Court. This article provides an overview of the compulsory process. In certain circumstances, the Grand Court may recognise…
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