German battery manufacturer files for self-administered insolvency – pv magazine Global
German battery manufacturer files for self-administered insolvency pv magazine Global Read the original article here
Equipment hire firm files administration notice
Latest accounts for the Hampshire based business show a turnover of £11m for the year to September 2024 generating a pre-tax loss of £1m while employing 55 staff. The company has been in business since 1995 and works with more than 900 suppliers providing kit for sites across the country. Nationwide…
Art Media Agency — Steidl Verlag avoids bankruptcy after insolvency proceedings
German publishing house Steidl Verlag, which specialises in photography books, avoided bankruptcy following the closure of insolvency proceedings on 23 July. Founded in 1968 by Gerhard Steidl, the company entered preliminary insolvency proceedings after a complaint was filed by Minijob-Zentrale, the body responsible for collecting social security contributions for certain part-time employees.\n According to several…
Amid debt, cuts and insolvency fears, airBaltic tries to clear the air as doubts deepen
airBaltic is going through its most delicate moment in years. While operating normally in the peak summer season and recording passenger growth, the company faces an acute liquidity crisis, an unsustainable capital structure, and increasingly intense rumors about route cuts, debt restructuring, or even growing insolvency risk. According to data from Fitch Ratings and the…
Bahrain Business: Landmark cross-border insolvency ruling: Bahrain recognises Singaporean liquidation proceedings
In a landmark legal achievement, Al Doseri Law – under the leadership of lawyer Saad Al Doseri, acting as Bahraini legal counsel, and in co-ordination with the international law firm DLA Piper – secured a judgment from the High Civil Court (Seventh Chamber for Corporate Reorganisation and Bankruptcy) that ranks among the first and most…
Elon Musk warns America will 1,000% go bankrupt and fail as a country
The world’s wealthiest person per Forbes, Elon Musk, is well-known for his appetite for risks and doesn’t shy away from keeping risky assets like Bitcoin (BTC) on the balance sheets of his companies Tesla (Nasdaq: TSLA) and SpaceX (Nasdaq: SPCX). But there is a risk that he says the United States of America cannot afford: bankruptcy. Related:…
Scots beast who changed his name before abusing 3 young boys declared bankrupt – The Scottish Sun
Scots beast who changed his name before abusing 3 young boys declared bankrupt The Scottish Sun Read the original article here
Photobook Publisher Steidl in Dire Straits After Threat of Bankruptcy
News Though it has resolved recent insolvency proceedings, the German publisher remains shaken by a 50% drop in international sales. The publishing house’s founder, Gerhard Steidl (photo Kaethe17 via Wikimedia Commons, CC BY-SA 4.0) The German publishing giant Steidl Verlag, known for photobooks by leading artists including Nan Goldin, Gordon Parks, Walker Evans, and Joseph…
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Liquidator appointed to renowned family-run restaurant after HMRC court action
A liquidator has been appointed to a well-known family-run Scottish city centre restaurant. The move follows an HMRC court action against the Glasgow restaurant founded 47 years ago. A petition against Café Gandolfi Limited, of Albion Street, was presented to Glasgow Sheriff Court for His Majesty’s Revenue and Customs in April. Now a liquidator of…