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In October 2018, the company that owned UNILAD went into administration, with owners Harrington and Bentley having incurred debts of £6.5 million and owing taxes of £1.5 million. A day later, managing director John Quinlan denied reports that it had gone into administration, saying the brand is "doing better than ever" and that he was ...
The Rangers Football Club plc entered liquidation on 31 October 2012. The refusal of the CVA forced the administrators to sell the business and assets of Rangers to a new company named Sevco Scotland Ltd, operated by Charles Green. The other member clubs of the Scottish Premier League refused to allow the new company to adopt the league ...
e. As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under ...
t. e. Administration in United Kingdom law is the main kind of procedure in UK insolvency law when a company is unable to pay its debts. The management of the company is usually replaced by an insolvency practitioner whose statutory duty is to rescue the company, save the business, or get the best result possible.
The appetite for oil and gas has only grown over the last year as US oil production hit new highs after Russia's invasion of Ukraine temporarily sent prices past $130 a barrel in 2022. ExxonMobil ...
The receiver may: run the company to maximize the value of the company's assets, sell the company as a whole, or sell part of the company and close unprofitable divisions. secure the assets of the company or entity. realize the assets of the company or entity. manage company affairs to pay debts. [citation needed]
(Reuters) -A U.S. appeals court on Wednesday tossed out a judge's order that required Amazon.com to refrain from firing union supporters amid a nationwide organizing campaign at its warehouses. A ...
Chinese state media Jiemian reported last week that local executives had been accused of embezzling “millions of euros” in an unsigned letter written by whistleblowers calling themselves ...