Ukraine's National Bank declares Cominvestbank insolvent – Interfax-Ukraine
Ukraine’s National Bank declares Cominvestbank insolvent Interfax-Ukraine Read the original article here
Insurance Giant Allianz Warns Of Rising Insolvencies In 2025
By Martin Croucher ( December 5, 2024, 12:36 PM GMT) — Company bosses and their insurers could face increased claims next year both from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal…
NCLT dismisses insolvency petition against Lasa Supergenerics, ET LegalWorld
The National Company Law Tribunal, Mumbai Bench, has dismissed the company petition seeking insolvency because the financial creditor withdrew it. The Financial Creditor sanctioned a One-Time Settlement on October 1, 2024, under which the corporate debtor paid the financial creditor the entire amount of OTS of US Dollar 21,61,700. The default amount involved in this…
KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy – Vindobona.org
People › Other Published: December 2, 2024; 14:32 (Vindobona) The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company’s financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the…
KTM enters self-administration, debts of over $3 billion
Rennie Scaysbrook | December 3, 2024 November 2024 will go down as one of the darkest periods ever for KTM, the Austrian motorcycle giant entering a self-administration debt restructuring plan with the Austrian Ried Regional Court on November 29 with reported liabilities of a staggering €2.9 billion ($3.03 billion). Self-administration is a European market measure…
Opus selected for Hickory administration process
Culinary events company Hickory has announced that it will enter into administration. Professionals from Opus Restructuring & Insolvency have been installed to oversee the work. Established in 2012, Hickory is a Scotland-based events firm, with a reputation for “bold culinary events in incredible venues, with a focus on innovative and invigorating menus”, according to its…
Comedians Call Out Management Over Allegedly Not Paying Talent
A slew of Australian comedians have put their former management, Junkyard Artists, on blast after the director of the company allegedly “swindled” its talent and ghosted them. Earlier this week, comedians who were previously affiliated with Junkyard Artists took to their Instagram accounts to call out the company with a series of allegations including unpaid…
The PAS Group Ltd and Associated Entities (All Subject to Deed of Company Arrangement) – PwC Australia
The PAS Group Ltd and Associated Entities (All Subject to Deed of Company Arrangement) PwC Australia Read the original article here
Bankrupt Bradley Wiggins reveals he’s getting financial help from disgraced Tour de France drug cheat Lance Armstrong
Bradley Wiggins has revealed that he has been offered financial aid from a somewhat unexpected source – former cycling legend turned disgraced drug cheat Lance Armstrong. Wiggins, who won a previous national record eight Olympic gold medals, was one of the greatest cyclists ever produced by Great Britain, winning titles on both the track and…
More to be done one year after Birmingham City Council bankruptcy
In response, the Labour spokesperson said the council’s financial difficulties followed “14 years of Conservative austerity that saw £1bn of funding taken from our city”. However, they accepted the council needed to improve. “We have buckled down and brought in greater efficiencies, tighter financial control and are transforming our services fit for the future,” they…