Austrian crop protection and pharmaceutical chemicals manufacturer ESIM Chemicals has filed for insolvency at the Regional Court of Linz, potentially impacting 289 employees and nearly 190 creditors. Different reports put its liabilities at just under €110 million, €118 million or over €147 million in the event of liquidation. In its filing, the firm pointed to multiple economic and…
Posted By: The Corner 18th November 2025 Renta 4 | According to an official statement, Revenga Smart Solutions has requested additional time from the Commercial Court to continue negotiating the entry of an investor group into the company’s shareholding structure. To this end, they would have the support of creditors representing more than 59% of…
Liverpool cult hero Steve Finnan is facing a bankruptcy battle following a multi-million pound row between the Champions League winner and his brother. Irish full-back Steve Finnan, 47, enjoyed a successful Premier League career, winning Champions League and FA Cup winners’ medals while with Liverpool in the 2000s, but has been embroiled in a decade-long legal…
As per the proposal, the Information Memorandum (IM) must include the names, units allotted, and amounts due for all allottees as reflected in the corporate debtor’s (developer’s) own books of account, irrespective of whether they have formally submitted a claim. The resolution plan subsequently prepared by prospective buyers must provide for the treatment of these allottees. The…
Brazil’s Central Bank on Tuesday ordered the extrajudicial liquidation of Banco Master, shutting down the institution and terminating its operations indefinitely. The order, signed by Central Bank president Gabriel Galípolo, also calls for the judicial liquidation of Master SA Corretora de Câmbio. The regulator appointed EFB Regimes Especiais de Empresas as the liquidator, granting it…
The Insolvency and Bankruptcy Board of India (IBBI) has unveiled a comprehensive set of proposals aimed at overhauling the valuation process under the Insolvency and Bankruptcy Code (IBC), a move intended to enhance transparency, consistency, and the reliability of asset assessments during corporate resolutions. In a discussion paper released today, the IBBI identified key challenges…
Fast cars, credit cards: Adgemis’ lavish life was funded on plastic The Australian Read the original article here
Jon Adgemis borrowed more than $135 million against a single property in Sydney’s southern suburbs valued at just $4.5 million as the former dealmaker turned hospitality entrepreneur built up a pile of debt that stretched beyond $1.7 billion and ultimately bankrupted him. The enormous borrowings against the Hurstville property, now nothing more than a pile…
Tshwane will go bankrupt if salary increases continue News24 Read the original article here
Bid to have Brittany Higgins declared bankrupt stalls MSN Read the original article here