Lapid proposes Egyptian administrative control of Gaza in exchange for debt relief – Middle East Monitor
Lapid proposes Egyptian administrative control of Gaza in exchange for debt relief Middle East Monitor Read the original article here
New Look store closures: Full list of 26 shops revealed as liquidation begins – Yahoo News UK
New Look store closures: Full list of 26 shops revealed as liquidation begins Yahoo News UK Read the original article here
Tesla Acquires German Tech Firm Manz Assets Amid Insolvency – Tesla (NASDAQ:TSLA)
Tesla Automation GmbH, a subsidiary of Tesla Inc. TSLA, has reached an agreement to purchase assets from the German technology company Manz AG. According to the press release issued on Tuesday, the deal involves acquiring Manz’s Reutlingen facility along with over 300 employees working there. Tesla Automation plans to manage this new location moving forward.…
Renault's hydrogen vehicle venture Hyvia placed into liquidation after failing to find a buyer – Hydrogen Insight
Renault’s hydrogen vehicle venture Hyvia placed into liquidation after failing to find a buyer Hydrogen Insight Read the original article here
Adjudicating Authority Is Empowered To Decide Whether Successful Resolution Applicant Is Liable To Pay Pre-CIRP Electricity Dues U/S 60(5) Of IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Yogesh Khanna (Judicial Member) and Mr. Ajai Das Mehrotra (Technical Member) has held that the National Company Law Tribunal (NCLT) is empowered to decide an issue whether Successful Resolution Applicant (SRA) is liable to pay Pre-Corporate Insolvency Resolution Process (CIRP) electricity dues after…
2 subsidiaries of debt-ridden Hong Kong contractor Paul Y sued for HK$9.5 million
Two subsidiaries of a major Hong Kong construction firm have been sued by a subcontractor for compensation of more than HK$9.5 million (US$1.2 million) after the parent company proceeded with winding-up proceedings. Paul Y Construction Co and Paul Y General Contractors – two subsidiaries of Paul Y Engineering Group – were allegedly indebted to Mankey…
Strategy stock is down 55% from ATH but forced liquidations highly unlikely – Kobeissi
Strategy (previously MicroStrategy) stock has plunged more than 55% from its all-time high, fueling speculation that the company could be forced to sell off its massive Bitcoin (BTC) holdings. With approximately 499,096 Bitcoin worth $43.7 billion, the firm has built one of the largest corporate Bitcoin reserves, but concerns are rising over its ability to…
Strategy stock falls as Bitcoin drops raising liquidation fears
Strategy stock plunged 11% on Feb. 25 as Bitcoin slipped below $90,000, raising concerns about a possible liquidation due to the company’s massive Bitcoin exposure. With 499,096 Bitcoin (BTC) valued at around $44 billion, Strategy is the largest corporate Bitcoin holder, making its financial stability closely tied to the asset’s price movements. The sharp drop…
Why Star Entertainment doesn’t deserve to be saved
The buzzards are circling, and the coyotes are licking their chops because the pulse is getting weaker by the minute at Star Entertainment. Where six months ago, the casino operator looked like a company struggling with regulatory issues and profit problems; today, it’s running out of cash to keep the lights on and is buried…
Tesla Automation acquires insolvent German supplier Manz AG’s assets
Tesla Automation GmbH, a subsidiary of U.S. electric vehicle giant Tesla Inc., has signed a deal to acquire key assets of insolvent German automation systems supplier Manz AG. The Local Court of Stuttgart opened insolvency proceedings about the assets of Manz AG on Monday. The Tesla Automation agreement: As per the purchase agreement, Tesla Automation…