There are various options available to close down a company. As shown below, a company can be closed down via court winding-up, via members’ voluntary liquidation, via creditors’ voluntary liquidation… Read More »Options available for Closing of Company: Strike Off
China Evergrande Group (“Evergrande”) has appeared in the headlines of world financial news lately. The China property giant is on the brink of collapse. A case of rapid growth and… Read More »China Evergrande Group on the brink of collapse?
DUBAI, Aug 26 (Reuters) – Holders of around $70 million in troubled bonds issued on behalf of state-owned Air Seychelles have filed a petition to wind up the African airline,… Read More »Creditors file winding up petition for Air Seychelles
JAKARTA, Aug 14 (Bloomberg): Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now… Read More »Indonesia’s Garuda removes directors to save costs amid debt restructuring
Court Winding-Up Court Winding-Up (Compulsory Winding-Up) is common when a company is not able to pay its debts. It usually starts with a Notice of Demand served on the company… Read More »Biztalk-Corporate Recovery Series #5 What is a Court Liquidation or Court Winding-Up?
Ways to Wind Up a Company Thinking of ceasing your business? Winding Up (or Liquidation) is the term used when dissolving (closing down) a company. Winding up a company does… Read More »Biztalk – Corporate Recovery Series #3 What are the various ways to wind-up a company?
I wanted to stop business. Can I just abandon my company? When it comes to closing down your business, should you just leave your company there? Does it mean you… Read More »Biztalk – Corporate Recovery Series #2 Can i just abandon my company if i decide to cease business?
Continue Business or Close Down? In view of the economic contraction caused by Covid-19 pandemic, many companies which are not well prepared to face the situation is in a tough… Read More »Biztalk – Corporate Recovery Series #1 Deciding to Continue Business or Call it a Day?
(April 1): The coronavirus pandemic gives rise to the major risk of companies and small businesses going insolvent. In this article, I set out the restructuring and rescue options for… Read More »Covid-19 crisis: Restructuring and rescue options for businesses