Data for the first three quarters of 2025 have shown that smaller German firms have borne the brunt of almost three years of economic downturn in Europe’s biggest economy over the past three years. On December 12, the chief analyst at the Association of German Chambers of Industry and Commerce (DIHK), Volker Treier, told news agency Reuters that…
– The Middle Franconian instrument maker Höfner is world-renowned, not least because of former Beatles bassist Paul McCartney. A few days ago, the company had to file for bankruptcy. When the Beatles played their first shows in the pubs of Hamburg’s St. Pauli district in the… Read the original article here
The National Company Law Appellate Tribunal has held that when a company itself triggers insolvency proceedings on the basis of a bank’s debt, its suspended directors cannot later turn around and claim that the lender’s dues are time-barred.“When the Appellant itself claim that insolvency resolution process be initiated against the CD on the basis of…
Brittany Higgins has left her top PR job just five months after declaring she was ready to ‘get on the tools and be a working person again.’ The former Liberal staffer, who was bankrupted by her former boss Linda Reynolds last week, was appointed director of public affairs at independent agency Third Hemisphere in May.…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
Höfner, the German instrument company most famous for making Paul McCartney‘s iconic violin bass, has filed for bankruptcy. According to Guitar.com, “provisional insolvency administration” has been ordered for the company legally known as Karl Höfner GmbH & Co as of a December 10th filing in the Fürth District Court in Bavaria. “An insolvency administrator has…
Scott Dylan and David Antrobus allowed £13.9 million to pass through two companies using unauthorised bank overdrafts, with Dylan himself receiving £1.675 million The pair’s actions resulted in Barclays Bank freezing the company accounts and demanding repayment Dylan and Antrobus subsequently defied freezing injunctions obtained by Barclays, leading to contempt of court proceedings and jail…
Last month, international cannabis operator Cannim collapsed, calling in administrators to sift through the company’s remaining assets and attempt to find tens of millions of dollars to satisfy its increasingly frustrated creditors. As details continue to emerge regarding Cannim’s questionable handling of finances in the run-up to its collapse, legal challenges claiming ownership of whatever…
The future of Höfner, one of guitar and bass’s oldest brands, famous for Paul McCartney’s 500/1 bass guitar, is under threat after it filed for bankruptcy protection. The Furth Local Court, in Bavaria, announced the provisional insolvency on 10 December, appointing a provisional administrator, Dr Hubert Ampfer, to secure the company’s assets. These proceedings do…