An Austrian furniture manufacturer has filed for insolvency, placing around 180 jobs at risk and delivering what local officials describe as a major blow to the regional economy. The company, based in eastern Styria, plans to continue operations in a reduced form…
Four Nacon subsidiary studios have filed for insolvency earlier this week, as the French publisher tries to dig its way out of financial crisis. As of Monday 23rd March, game developers Spiders (GreedFall, Steelrising), Cyanide (Styx, Blood Bowl, Tour de France), Kylotonn (Test Drive Unlimited Solar Crown, WRC) and motion capture company Nacon Tech have…
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Four hidden stories in the New Fortress Energy bankruptcy Institute for Energy Economics and Financial Analysis (IEEFA) Read the original article here
The Paradox: More Closures Than Revival? India’s Insolvency and Bankruptcy Code (IBC) was designed to resolve and revive struggling companies. Yet, a significant majority of cases now end in liquidation instead of successful recovery plans. Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the IBC is increasingly becoming a tool for faster…
The Liquidation Question: Is IBC resolving businesses or simply closing them faster? Moneycontrol.com Read the original article here
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Bournemouth insolvency specialist Antony Batty & Company Ltd has warned hospitality businesses face a “perfect storm” in April 2026, with pubs, restaurants, bars and hotels already seeing insolvency rates well above pre-pandemic levels. Elaine Wilkins, director at Antony Batty & Company, said: “Hospitality enters April 2026 in an already fragile position where insolvencies in pubs,…
A liquidator has been appointed to a Scottish road freight transport company. The move comes after a court petition from His Majesty’s Revenue and Customs for the Larkhall company to be wound up. CCH Transport Limited is now in the process of liquidation, liquidator Henderson Loggie said. Companies House listed the change of address for…
Looming Aussie business threat as big as Covid News.com.au Read the original article here