Forever 21 could be a step closer to shutting down operations in the US after the brand’s operating company filed for bankruptcy protection. The firm said in a statement that its stores and website in the US will remain open as it “begins its process of winding down”. Forever 21 was once a favourite of…
Provisional judgments and illiquidity in Germany – key insights from a recent case Taylor Wessing Read the original article here
In a landmark judgment, the Supreme Court of India has upheld the resolution plan submitted by Piramal Capital and Housing Finance Limited (formerly Dewan Housing Finance Corporation Limited, or DHFL) for the insolvency resolution of DHFL, setting aside the National Company Law Appellate Tribunal’s (NCLAT) order that had partially modified the plan. The apex court’s…
Dutch musical instrument retailer Bax Music has been declared bankrupt. According to De Telegraaf, Bax Music was officially declared bankrupt today by The Netherlands’ Zeeland-West-Brabant court. The ruling reportedly comes after years of financial strain, with the company owing money to multiple investors and creditors, including the Dutch Tax Authority. The company also suffered financially…
GFG mill in Australia enters bankruptcy process Recycling Today Read the original article here
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Provisional judgments and illiquidity in Germany – key insights from a recent case Taylor Wessing Read the original article here
The IBC classifies individuals into three categories- personal guarantors to corporate debtors, partnership firms and proprietorship firms and other individuals to enable implementation of individual insolvency in a phased manner. The National Company Law Tribunal (NCLT) Chennai has held that the threshold limit for initiating the Personal Insolvency Resolution Process (PIRP) under Sections 94 or…
Imagine learning that your genetic data, which you thought you had deleted months ago, has been transferred to a company you have never heard of. Despite your careful attempts to remove your DNA profile, family health history and raw genetic data from a genetic testing service, it resurfaces during bankruptcy proceedings as a valuable asset.…