Dentons’ Vancouver Restructuring, Insolvency and Bankruptcy group navigates complex financial challenges

With business insolvencies on the rise across the province, Dentons’ Vancouver Restructuring, Insolvency and Bankruptcy group is also expanding, adding material strength and expertise VANCOUVER, B.C., January 13, 2025 — Amid mounting economic pressures, including changing interest rates, persistent inflation and significant corporate debt maturing in 2025, Vancouver’s business community faces rising restructuring and insolvency challenges.…

Rafako declared bankrupt by the court

The District Court in Gliwice declared the bankruptcy of Rafako, ending its attempts at debt restructuring and battling deteriorating financial liquidity. The company had filed for bankruptcy in September, citing a failure to reach agreements with key creditors on converting debt into shares through a capital increase. Efforts to develop an alternative restructuring plan…