The day started with very bad news for anime fans and lovers of Neon Genesis Evangelion. Gainax, the studio behind the animated series of the franchise, declared bankruptcy and closed its doors, bringing an end to a 40-year history in the industry. According to details, the Tokyo District Court recognized the studio’s bankruptcy, caused by…
Thousands of travellers are likely to be affected as a number of package holidays are cancelled or cut short. ADVERTISEMENT FTI Group, one of Europe’s biggest tour companies, has filed for insolvency. The Munich-based business, which has recently been hit by a number of problems including poor bookings said in a press release: “After a…
The Berlin-based startup unu was founded with the goal to accelerate the shift towards electric mobility with its stylish e-scooters. However, their business seemed to have been running smoothly for only for a rather short time. As we learned from sources close to the company, unu has just filed for bankruptcy. The Berlin-based e-scooter manufacturer had…
Credit: SMIC China’s semiconductor industry is facing a resurgence of unfinished projects as smaller companies go bankrupt, reports the China Times. Recent insolvencies, such as that of Shanghai Wusheng Semiconductor, have raised concerns about widespread closures. Additionally, the market has seen 23 semiconductor companies withdraw their IPO applications since last year, which reflects growing investor caution.…
In short: Armaguard has rejected a lifeline deal worth $26 million to prevent it from becoming insolvent. It comes after Coles temporarily paused its use of the company over the Easter long weekend, but has since resumed using its services. What’s next? The cash transportation company says it is working with its customers and is…
A meeting is due to take place within the next 21 days to discuss the situation and the authority said a dedicated page on its website would provide updates. The council said in a statement: “Senior officers and members remain committed to continuing to work with the Improvement and Assurance Board and the Department for…
A professional organization for romance authors filed bankruptcy, blaming the high cost of its annual conference and a membership crisis triggered by the suspension of a prominent writer who accused another member of allegedly using racist stereotypes in her book. Romance Writers of America Inc. filed Chapter 11 on Wednesday saying it lost thousands of…
A recent judgment of Chief Justice Blow in ARL2 Pty Ltd v Flex Realty Pty Ltd [2024] TASSC 5 is a reminder of the crucial role that compelling evidence plays in rebutting a presumption of insolvency. The court ultimately dismissed the plaintiff’s winding up application on the ground of insolvency based on the defendant’s failure…
Chinese company that sparked fears of financial contagion falls into bankruptcy Financial News Read the original article here
A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation. Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed. 3 Rugby star Phil Vickery, centre, has…