Vladimir Putin has been dealt yet another major blow as Russia’s only domestic television manufacturer has been declared bankrupt. Consumer electronics retailer DNS filed a bankruptcy petition against the manufacturer, Kvant, last June over an unpaid debt of more than 654 million rubles (£6million). DNS owns the in-house TV and electronics brand Irbis, which Kvant…
Data center company enters bankruptcy despite Telkom’s stronger first-half performance PT Media Nusantara Data Global (MNDG), a data center subsidiary of state-owned telecommunications company PT Telkom Indonesia (Persero) Tbk, has been declared bankrupt after failing to repay its debts, according to the company’s financial statements for the six months ended June 30, 2026. The bankruptcy…
A solution has now been found for Betz International GmbH. Insolvency administrator Dirk Poff said Aventra will acquire the company as part of the ongoing insolvency proceedings. The parties have agreed not to disclose the purchase price. According to Poff, day-to-day operations will continue and the vast majority of jobs are expected to be retained.…
Romania Sees 13% Rise in Company Dissolutions in H1 2026 The Romania Journal Read the original article here
Dutch circular denim brand Mud Jeans has been declared bankrupt. CEO Dion Vijgeboom announced this today in a statement on LinkedIn. Vijgeboom writes that the company filed for bankruptcy itself because its debt burden was too heavy. Vijgeboom has been the company’s CEO since January. “Today is one of the most difficult days in the…
Wednesday 5th August 2026, 10:03am Big Difference Company, the organisers of Leicester Comedy Festival, has ceased trading, with debts to acts and promoters estimated to be over £100,000 The charity cites “increasing costs, a difficult funding environment, and significant pressures within the live comedy sector” as reasons The Live Comedy Association has set up a…
Dutch circular denim brand goes bankrupt Ecotextile News Read the original article here
From restructurings to cross-border insolvency proceedings, legal frameworks in Hong Kong and Taiwan are evolving to help businesses respond to financial challenges HK charging order absolute affirmed despite liquidation in BVI Jingtian & Gongcheng’s dispute resolution team secured an important victory for a creditor client (the applicant) with the landmark dismissal of an appeal by…
Members’ Voluntary Liquidation vs Strike off Crowe Read the original article here
A Salad and Go restaurant in Phoenix, Az. Source: Google Earth Salad and Go has filed for Chapter 11 bankruptcy and is closing all existing locations on Wednesday. The company said in a statement to CNBC that it sought bankruptcy protection due to prior strategic growth challenges, weakening consumer demand and higher costs. Diner fears…