Döbelner Anlagen- und Maschinenbau GmbH (DAMB), a key player in the manufacturing sector, is facing serious financial difficulties. The company has filed for insolvency, raising concerns about the future of its workforce. This crisis highlights the broader economic challenges in Döbeln and the impact on hundreds of employees left unpaid. The Impact of DAMB Insolvency…
On 15 July 2025, the Court of Appeal gave judgment1 in a case concerning whether third party claimants could have an entitlement to the proceeds of an insurance claim in circumstances where those proceeds were paid to the insured, a company in liquidation, prior to its entering into liquidation. The Court of Appeal rejected arguments…
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Seven Nike-branded stores across Sydney have abruptly shut down after local franchisee AF-1 was placed into voluntary liquidation. The affected outlets were in prominent suburbs and shopping precincts including Pitt Street (CBD), Bondi, Neutral Bay, Chatswood, Burwood, Warringah and Castle Hill. In a notice sent to the Australian Securities and Investments Commission (ASIC) last week,…
The Clean Slate Doctrine is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 (“IBC”), which plays a pivotal role in the corporate insolvency process in India. Clean Slate Doctrine under the Insolvency and Bankruptcy Code (IBC) Latest News The Delhi High Court recently confirmed the “clean slate” doctrine under the…
No Concept Of “Symbolic Possession” Under IBC, IRP Is Entitled To Take Actual Control Of Corporate… Live Law Read the original article here
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What analysts say about Quetta Acquisition Corporation Debt Equity Composite Units stock – Risk Management Strategies & Grow Smarter With Pro-Level Research earlytimes.in Read the original article here
D3sign/Getty Images American businesses are struggling right now. According to S&P Global, in July 2025, more than 70 major public and private companies filed for bankruptcy. That’s the highest monthly total since 2020. The financial difficulties seem to… Read the original article here
Controversial auction platform Grays Online has been placed into administration just days after being sold to Slattery Auctions for $2 million, raising questions over whether the move was designed to sidestep a $10 million penalty imposed by the Australian Competition and Consumer Commission (ACCC). The appointment of administrators was confirmed late Friday by Jason Preston,…