Danish insect ag firm ENORM declared bankrupt

Danish insect ag co ENORM has been declared bankrupt after spending six months in a court-supervised restructuring process. ENORM, which raised €50 million ($57 million) from backers including Danish ag co-op DLG in 2022, opened a factory in Jutland in 2023 to supply the animal feed market with protein and oil from black soldier fly…

Bankruptcy & restructuring — Financier Worldwide

FRANCE Nerguararian: When a business becomes strained in France, management should immediately set different priority levels. In the short term, directors must be extremely focused on the use and preservation of cash, given that cashflow insolvency is the key trigger of insolvency in France – debtors have 45 days upon becoming cashflow insolvent to file…