One of two remaining creditors of a huge global steel company which collapsed in 2018 could be about to get a windfall after winning a legal case.
Global Steel Holdings, which operated in India but was registered in Douglas, owed around $200 million when it went into liquidation.
Moorgate Industries UK sued after liquidators said they couldn't pay an interim dividend on the outstanding debts.
Deemster Corlett found for Moorgate - which could now be in line for a £5 million payment.
Special healthcare recruiting event this summer
Date set for flagship maritime industry event
14th Aviation Conference takes place this week
Financial Intelligence Unit releases guide on spotting modern slavery
Total of 70 ships and companies sanctioned over Ukraine war
New stamps celebrate Island supercar culture
New survey to gauge how confident businesses are
Tynwald to consider scrapping some government agencies
Comments
Add a comment