The District Court in Zielona Góra has declared online currency exchange Cinkciarz.pl bankrupt, triggering proceedings that could allow thousands of customers to recover lost funds. A trustee has been appointed to liquidate the company’s assets and oversee creditor claims, local media publication InteriaBiznes reported. Discover how neo-banks become wealthtech in London at the fmls25 Bankruptcy…
Insolvency rates remain elevated as small businesses face sustained pressure, CreditorWatch’s September Business Risk Monitor has revealed. Business failure rates remain elevated and business-to-business payment defaults have surged, CreditorWatch’s September Business Risk Monitor has found. “Businesses and consumers continue to be impacted by many large forces occurring simultaneously, with significant uncertainty related to US trade…
In what has become one of the most high-stakes corporate courtroom dramas in India’s startup ecosystem, Byju’s — once celebrated as the crown jewel of Indian edtech — has found itself fighting yet another battle, this time to protect its stake in its own subsidiary, Aakash Educational Services Limited (AESL). Think & Learn Pvt. Ltd.…
Sponsored by AAB Group If your business is in financial distress and trades in both Northern Ireland and the Republic, or has creditors based in both jurisdictions, there’s something important you need to be aware of. Pre-Brexit, entering restructuring as a cross-border business was straightforward. When both the UK and Ireland operated under EU legislation,…
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The High Court in Lautoka granted a Nadi-based company leave to oppose winding-up proceedings after the presiding judge found that the applicant, a Chinese company, attempted to weaponise the legal action to compel the respondent to make a payment due to it. In a judgment, Justice Mohamed Azhar granted leave to Amira Furnishings Pte Ltd…
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…
Problems for the British oil and gas company The company, which extracts oil and gas in the North Sea, applied for administration yesterday, threatening thousands of jobs in the UK. Petrofac, with about 2,000 employees based in Aberdeen, employs 1,200 workers on the shelf and another 800 specialists engaged in training and operational activities. This…