Volkswagen Receives 7.5 Billion Bid For Supercar Brand Lamborghini, Autocar Says – Forbes

The Volkswagen Group has fielded an offer for its supercar brand, Lamborghini, from a Swiss-based … [+] consortium. Photo by Chaiwat Subprasom/SOPA Images/LightRocket via Getty Images SOPA Images/LightRocket via Getty Images A consortium connected to the family of the late Volkswagen Group strongman Ferdinand Piech has made a stunning 7.5 billion unsolicited bid to buy…

Insolvency and restructuring profession rescued 297k jobs in 2019, R3 report shows – Business Up North

Eleanor Temple, Chair of insolvency and restructuring trade body R3 The insolvency and restructuring profession rescued 297,000 jobs and returned 1.82bn to creditors in insolvency cases in 2019 the equivalent of around 800 jobs and 5m a day, according to a new report from R3, the insolvency and restructuring trade body. The report, The value…

Over 7,000 businesses saved from insolvency in 2019 says R3 report – Recruiter

A newly-released report from R3, the insolvency and restructuring trade body, shows that the profession rescued 7,200 businesses and saved 297,000 jobs in 2019. The profession advised around 60,000 businesses in 2019 about insolvency and restructuring-related issues. Four out of 10 (39%) businesses advised by R3 members were still operating after their insolvency procedure concluded,…

Bankrupt Frac Sand Company Liquidating Western Wisconsin Mine – Wisconsin Public Radio News

Fracsand from a processing plant in Chippewa Falls, Wisc. Steve Karnowski/ AP Photo A frac sand mining company that declared bankruptcy last year is liquidating one of four Wisconsin mines. Prior to the filing, Texas-based Hi-Crush Proppants was one of the state’s biggest producers of sand used in hydraulic fracturing for oil and natural gas.…

Explained: What is Supreme Court ruling on creditors invoking personal guarantees? – The Indian Express

Six months after it transferred all the cases related to personal insolvency to itself, the Supreme Court has ruled that creditors can proceed against promoters of defaulting companies to recover debt if such promoters have given personal guarantees to secure funds. The top court has also said that lenders can also proceed against the promoters…