Native Instruments issues statement as it enters full insolvency

Native Instruments’ CEO has issued a statement following news that the music tech company has entered full insolvency proceedings. Sharing a statement via the company’s blog yesterday, CEO Nick Williams explained that Native Instruments will now transition “from ‘preliminary insolvency’ into formal ‘insolvency’ proceedings where applicable”. “As part of the restructuring process, Native Instruments GmbH…

‘No room for complacency’ as construction insolvencies drop but risks remain

Karl Horton, data services director at Building Cost Information Service (BCIS), cautioned that there is “no room for complacency”, as insolvencies remain above pre-pandemic levels. He warned that ongoing geopolitical uncertainties could push costs higher and affect project viability, leading to more insolvencies if instability continues. Kelly Boorman, national head of construction at RSM UK,…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

General contractor of the Podil Bridge declared bankrupt — what it means for completion and budgetary risks

Brief On March 12 the Kyiv Commercial Court officially declared bankrupt the general contractor of the Podilskyi Bridge construction — LLC “Eko‑Bud‑Trade.” The court stated the enterprise’s critical insolvency and the absence of assets capable of covering its debts. “The company’s financial condition is characterized by signs of critical insolvency. No assets of the debtor…