Thousands of German Jobs on the Line as Industrial Giants and Mid-Size Firms Reshape Operations

Bankruptcy

Germany’s industrial base undergoes sweeping restructurings from steel to auto, with layoffs, insolvencies, and union protests; some firms achieve turnarounds amid challenges. Worker representatives are sounding alarms across Germany’s industrial heartland as a wave of restructurings, insolvencies, and strategic exits reshapes the country’s manufacturing landscape from steel mills to auto factories. The most stark warning…

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Liquidation

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Bankruptcy

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Update on the new framework on corporate insolvency

Liquidation

A Code for debt settlement and providing a second chance. The new insolvency framework, enacted by Law 4738/2020 (Greek Government Gazette A’ 207/27.10.2020) introduces a holistic approach to insolvency legislation in Greece and enables households and businesses to settle their debts, to the State, social insurance funds, banks, servicers and other private creditors.  The present newsletter…

SALT Savings Group Helps Debt-laden Farmer

Debt Help

Hime from Cambodia usually worked as a hired hand for other farmers, but in 2023, she decided to rent land and try to earn more by planting cassava and managing the fields herself. She didn’t have enough cash on hand to buy pesticides and fertilizers, so she bought them on credit. She harvested the cassava…

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Liquidation

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