Over 6,000 Swiss companies go bankrupt but start-ups see growth
Significantly more company bankruptcies in Switzerland Keystone-SDA Listen to the article Listening the article Toggle language selector … Read the original article here
EFishery Backers to Weigh Options Such as Liquidation or Buyout
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the company as soon as this month, in light of the rapid unraveling of the high-profile startup, according to a document reviewed by Bloomberg News. In a few weeks, shareholders should…
Over 6,000 Swiss companies go bankrupt but start-ups see growth
Significantly more company bankruptcies in Switzerland Keystone-SDA Listen to the article Listening the article Toggle language selector … Read the original article here
Why the company account is not your personal piggy bank – and your personal expenses are not tax deductible – MSN
Why the company account is not your personal piggy bank – and your personal expenses are not tax deductible MSN Read the original article here
Ex-pilots file insolvency plea against SpiceJet over ₹3 crore in unpaid dues
Two former pilots of SpiceJet Ltd have approached the Delhi bench of the National Company Law Tribunal (NCLT), seeking to declare the airline bankrupt over unpaid dues totalling ₹3 crore. The petition, alleging that the no-frills airline failed to pay salary arrears, deferred payments, final settlements, allowances, and overtime dues, adds to SpiceJet’s ongoing litigations…
Bankruptcies crumbled homebuyers’ dreams. There is hope now
Indian buyers who wait for their homes for years after a developer goes bankrupt have a reason to hope: they can now get their properties even as the case winds through courts. The Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations, allowing administrators of bankrupt real estate companies to hand over plots,…
Trade Ministry Denies Its Import Relaxation Causes Sritex to Go Bankrupt
Jakarta. Trade Minister Budi Santoso has denied that the recent ministerial regulation on import relaxations had caused the downfall of Indonesia’s textile giant Sri Rejeki Isman (Sritex). The Semarang commercial court recently declared Sritex bankrupt, thus potentially causing 50,000 people to lose their jobs. Earlier this year, then-Trade Minister Zulkifli Hasan issued a ministerial regulation…
Fashion chain Vanilia declared bankrupt; Some 290 jobs in Netherlands at risk
Fashion chain Vanilia declared bankrupt; Some 290 jobs in Netherlands at risk | NL Times Skip to main content Read the original article here
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Insolvency board issues discussion paper to streamline corporate resolution process, ET RealEstate
NEW DELHI: Insolvency board IBBI on Tuesday issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework. The IBBI has invited public comments on the…