Article Tag: complusory liquidation

Compulsory Liquidation: What Does This Mean for Employees of Thomas Cook?

On 23 September 2019, Thomas Cook entered into compulsory liquidation after last-minute rescue talks failed. This resulted in Thomas Cook ceasing to trade with immediate effect and its board of directors being replaced by a court-appointed liquidator known as the Official Receiver (OR). The OR’s task over the coming months will be to liquidate Thomas… Read more »