Tajprombank officially declared insolvent – Asia Plus

One of troubled banks that have been experiencing serious liquidity issues since 2015 — Tajprombank – has officially been declared bankrupt.  “The bankruptcy decision of this financial institution was made by the Dushanbe Economic Court on August 1, this year,” Rustam Mirzozoda, the head of the High Economic Court of Tajikistan, told reporters in Dushanbe…

Dutch e-bike brand VanMoof is bankrupt

VanMoof has been declared insolvent. According to the latest report by The Verge, the court in Amsterdam has withdrawn the so-called suspension of payments order and said the e-bike brand is bankrupt in what appears a rather abrupt manner. The news comes only days after the first reports of VanMoof facing severe difficulties appeared. Insolvency…

German footwear manufacturer EOD declares insolvency

The company, known for the Groundies shoe brand, has filed for insolvency proceedings with the Freiburg District Court with the aim of restructuring itself to get back “on solid ground” The court has appointed lawyer Dr Dirk Pehl from the law firm Schultze & Braun as the preliminary insolvency administrator. This procedure’s aim is to…

Former parent company of Reno also files for bankruptcy

Unable to overcome the challenges posed by the COVID-19 pandemic and the energy crisis, the German HR group filed for insolvency, following the path of its previously-owned footwear retailer, Reno The footwear retail group has applied for insolvency proceedings for nine companies at the district court in Osnabrück. Though triggered by Reno’s insolvency filing last…