Global Insolvency Outlook: The ebb and flow of the insolvency wave – Allianz
Global Insolvency Outlook: The ebb and flow of the insolvency wave Allianz Read the original article here
Bankruptcies in Luxembourg soar by 30% in 2024, resulting in over 3,300 job losses
The number of bankruptcies in Luxembourg rose by 30% last year, with more than 3,300 jobs lost as a result, according to the country’s official statistics agency Statec. There were 1,189 bankruptcies during 2024, up from 919 the previous year, the data published on Thursday showed. The bankruptcy rate among firms employing more than 10…
Dentons advises buyer on acquisition of Schöma Lokomotiven
Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…
Hindenburg biggest cases: From market rout to bankruptcy, here’s how Hindenburg shook some empires
Hindenburg Research, a prominent U.S.-based investment research firm, has established a name for itself through a series of impactful and often controversial investigative reports. The firm, founded by Nate Anderson in 2017, gained notoriety for exposing corporate malfeasance, fraud, and financial mismanagement in publicly traded companies.In a statement announcing the closure of Hindenburg, Anderson said,…
Charged EVs | eVTOL maker Volocopter files for insolvency in German court
Volocopter, a manufacturer of all-electric vertical take-off and landing, or eVTOL, aircraft, has filed an application to enter insolvency proceedings at the Landesgericht (state court) in Karlsruhe, Germany. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” the company said in a statement.…
Another England legend is close to being declared bankrupt…
14/01/2025 10:28 Former England and Lions wing Ugo Monye has been hit with a bankruptcy petition from HM Revenue & Customs, just a year after BBC’s controversial revamp of A Question of Sport was axed. Join the RUCK’s WhatsApp community here and get the latest news sent straight to your messages. According to The Telegraph, Monye, now a TNT…
Building boss bankrupt, company collapses – news.com.au
Building boss bankrupt, company collapses news.com.au Read the original article here
russia bankruptcy risk: This European economist says Russia could go bankrupt and run out of liquid reserves by fall of 2025; here’s why
European economist Anders Åslund has expressed concerns that Russia could deplete its liquid financial reserves by the fall of 2025, potentially leading to a fiscal crisis. He notes that the National Wealth Fund’s liquid assets have significantly declined, from $117 billion in 2021 to approximately $31 billion by late 2024. At the current rate of…
Once-Popular Crafts Store Files for Bankruptcy…Again
In March of 2024, JoAnn Fabrics filed for bankruptcy, just to come out of it a month later as a private company. When the company emerged from bankruptcy the first time, it announced that it would be closing some underperforming stores across America. According to TheStreet, JoAnn Fabrics has around 800 locations left in America,…
Russian iFarm companies face bankruptcy amid management and financial challenges
Three Russian companies founded by Alexander Lyskovsky, including LLC “Gorodskie Teplytsy,” LLC “Gorodskie Teplytsy Moskva,” and LLC “Vertikalnye Fermy,” have announced plans to file for bankruptcy. According to investor Mikhail Taver, Lyskovsky failed to fulfill his duties as CEO and refused to…