Alex Sapir’s Sapir Corp has filed for insolvency, saying it can no longer meet its bond payments or cover operating costs. The Israeli company that owns the Nomo Soho hotel in Manhattan filed a petition in Tel Aviv-Jaffa District Court requesting to open insolvency proceedings and the appointment of a trustee to manage it. All the directors of the company have resigned, according to a filing with the Tel Aviv Stock Exchange, which names Alex Sapir as the controlling shareholder. As the comp...| Latest New York Real Estate News
This article is written by Priyanka Mandhani, a qualified Corporate Lawyer and a Company Secretary, and the Founder of Juris Summit. She specialises in corporate law, compliance and contract advisory for startups and businesses across jurisdictions. With experience in Indian and US legal systems, her work focuses on aligning legal strategy with commercial outcomes. Getting […] The post The IBC and cross-border insolvency: is the IBC equipped for global finance? appeared first on iPleaders.| iPleaders
UK weekend business news wrap-up: inheritance tax receipts surge, Reeves weighs VAT changes, and charity closures rise. Markets mixed as gold hits records. Full insolvency list included.| CPA | The Credit Protection Association
Embattled Montréal-based online retailer Ssense has been granted a stay order, temporarily protecting the company from a potential sale by its creditors.| BetaKit
Online retailer facing headwinds due to US trade policy, dip in luxury demand.| BetaKit
Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and ...| Global Trade & Sanctions Law
In this comprehensive legal guide, we explore how cease and desist letters work, when and how to use them, and what to do if you receive one.| Private & Commercial Litigation Solicitors | Insolvency Legal Advice |
The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.| STOREYS
HSBC has won a legal victory in its attempts to claw back losses from a US$190mn facility it provided to since-bankrupt Hong Kong commodity trader NewOcean Energy. A British Virgin Islands (BVI) court granted HSBC’s application to wind up two companies which provided guarantees for the facility, which was extended in 2019 with the UK-headquartered ...| Global Trade Review (GTR)
New legislation seeks to further protect employees' rights in a collective redundancy situation following insolvency.| WILLIAM FRY
New legislation seeks to further strengthen employees' right to information in the liquidation process.| WILLIAM FRY
Reading Time: 3 minutesSingapore has earned a budding reputation as a hub for debt restructuring and insolvency in Asia, with its transparent legal system and judicial expertise. This growth can also be attributed to enduring efforts to innovate and reform. To enhance Singapore as a forum of choice in international restructuring and insolvency proceedings, the Rules of Court …| Asia Law Network Blog
