Nodwin Gaming halts funding to Freaks 4U Gaming; subsidiary files for insolvency

Nodwin Gaming International (“Nodwin”), an esports and gaming company, has decided to cease further funding to its majority-owned subsidiary, Freaks 4U Gaming GmbH, a Berlin-based esports and gaming marketing firm. The decision was made after extensive legal and financial consultations and follows years of fulfilling financial commitments without achieving a meaningful turnaround. According to the…

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Govt unveils 8 flood recovery measures for Hat Yai, including debt relief and death compensation

These measures will focus on immediate relief for affected individuals, businesses, and communities, as well as the long-term recovery of Hat Yai and the wider Songkhla region. The recovery will begin with a large-scale clean-up operation tomorrow (November 29), and further measures will follow to accelerate the restoration of the area’s economy,” Siripong said.…

SC: Cannot use insolvency to deny dignified housing

Insolvency protection cannot become an instrument to perpetuate displacement or defer the constitutional promise of dignified housing, the Supreme Court underlined on Friday, stressing that the Insolvency and Bankruptcy Code (IBC) was never intended to shield developers who default, abandon performance or frustrate projects of public significance. Economic revival, the court held, cannot eclipse the…

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