This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a small two-digit number of people will remain employed for the time being to support the imminent liquidation of the young company. A week ago, it still looked like the company would be rescued. Wirtschaftswoche reported…
Job losses deepen as more firms go into liquidation Business Daily Read the original article here
Major Australian fashion retailer collapses into voluntary administration Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process EGR Global Read the original article here
Customers of The Wrekin Housing Group have been supported to clear more than £3 million of debt thanks to the work of its in-house debt advice team. Laim Murphy and Lois Alexander The team, which has been providing regulated debt advice since 2019, forms part of Wrekin’s Money Matters service. The milestone underlines the increasing…
The Supreme Court, in a recent Judgment, observed that there is no requirement under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 (IBC) that there can be a debt only when there is a default. The Court was deciding a batch of Civil Appeals preferred by the China Development Bank and others against the…
Israeli robotics firm BionicHive files for liquidation Tech in Asia Read the original article here
230 Companies at Risk of Insolvency This Year, FSS Credit Risk Assessment Reveals BusinessKorea Read the original article here
A debt-for-development swap operation is enabling Côte d’Ivoire to replace expensive debt with cheaper financing, improving the country’s debt profile and generating significant fiscal savings—most being directed to the country’s education sector. The operation is the first of its kind supported by the World Bank Group. Learn how this innovative transaction is helping…
A&O Shearman advised Peruvian mining company Volcan Compañía Minera S.A.A. and its subsidiaries in connection with a comprehensive refinancing plan to improve the company’s liquidity position and capital structure. The transactions involved approximately USD765m in debt and included an exchange offer and consent solicitation of its USD365m 4.375% Senior Notes due 2026 for the newly issued…