Nice Solar Energy files for insolvency under self-administration – pv magazine International

The CIGS thin-film specialist employs 160 people in Germany. Business operations will continue with no disruption for the time being. February 10, 2021 Ralph Diermann Nice Solar Energy shareholder Manz, supplies turnkey CIGS production lines. Image: Manz AG From pv magazine Germany Germany-based Nice Solar Energy has opened the proceedings for self-administered insolvency at the…

Pre-pack scheme for insolvency banks on fair debtor-creditor ties – Business Standard

Business Standard The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome TopicsInsolvency and Bankruptcy Code|Banking sector The pre-packaged scheme, touted as the next stage in the evolution of the Insolvency and Bankruptcy Code (IBC), 2016, will attempt a balancing act, as lawmakers put…

Warning that calling time on ‘rent rebels’ could signal end for 5800 companies | TheBusinessDesk.com – The Business Desk

Landlords getting tough with so-called rent rebels could force 5,834 companies out of business and trigger 326m-worth of insolvent debt that further decimates city centres. That is according to analysis from Stockport-based insolvency scorecard Red Flag Alert. Concerns are mounting that April will see companies fighting for survival after a COVID-19 moratorium on evictions ends…