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Outlet retailer Cameleon declared bankrupt

Brussels-based outlet retailer Cameleon has been declared bankrupt, after more than thirty years in business. 46 employees will lose their jobs. No surprise The commercial court of Brussels has ended Cameleon’s protection against creditors and declared bankruptcy on 2 May, Belgian newspaper L’Echo reports. The news does not come as a big surprise: Cameleon had been in…

Siewert & Kau Files For Insolvency Amid Financial Crisis

Siewert & Kau, a well-known IT distributor based in Bergheim, has filed for insolvency proceedings at the Cologne District Court, marking a significant development for one of Germany’s largest medium-sized IT retailers. The company, which has been in operation for over 30 years, employs around 400 people across several European locations, including Germany, Spain, and…

Dentons – Stormy seas ahead for charities

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.…

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10Club moves NCLT to begin insolvency proceedings

E-commerce marketplace aggregator 10Club, which once raised one of India’s largest seed rounds, has failed to find a viable business model. The Fireside Venture-backed company now appears to be heading toward closure, as it has initiated insolvency proceedings before the National Company Law Tribunal (NCLT), Bengaluru Bench.   According to a company’s regulatory filing sourced…

Volta files for bankruptcy again amid setbacks

Volta Trucks has declared bankruptcy for the second time, electrive.com reports. Although no detailed explanation for the insolvency has been provided, it appears to stem from a lack of sales due to delays in the production of the first Volta Zero model. Production of the vehicle began in Steyr, Austria, in April 2023, but the…