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…
AHMSA Bankruptcy Proceedings: Mexico’s Insolvency Framework Tested Discovery Alert Read the original article here
The Belgian fashion chain Paprika was declared bankrupt on Wednesday. As a result, 30 stores will close and 151 employees will lose their jobs. The retailer had previously closed all of its locations in the Netherlands and Germany. No buyer found Paprika had been undergoing judicial reorganization proceedings since March 5. By the time the…
Tourists stranded as travel agency files bankruptcy, cancels trips thestreet.com Read the original article here
Solange Urdang with her fellow co-founder of the Black British Theatre Awards Omar F. Akai. Credit: Stuart C Wilson Black British Theatre Awards CIC – the company behind the annual awards that this week announced it had been cancelled for 2026 – has entered liquidation THIS IS NOT A PAYWALL Serious about theatre?Join over 100,000…
Vienna-based StreamView GmbH, an international distributor of smart TV devices, is facing closure. The company has initiated insolvency proceedings at the Vienna Commercial Court. The triggers include failed business relationships and a lack of financial resources, which have severely impacted operations recently. StreamView GmbH has been around since 2019. It specializes in distributing smart TV…
The Supreme Court on Wednesday (July 8) refused to interfere with the National Company Law Appellate Tribunal (NCLAT) order rejecting an ₹85-crore insolvency petition against Essar Power Gujarat Ltd. on the ground that a pre-existing dispute exists between the parties. A partial court working days bench of Justice Nongmeikapam Kotiswar Singh and Justice K. Vinod…
Half a million Russians declared bankruptcy last year as the country’s banking institutions bear the brunt of the cost of the war in Ukraine, a European intelligence report says this week. As the war in Ukraine continues into its fifth year, Russia’s Ministry of Economic Development has cut its GDP forecast for 2026 from 1.3…
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd., calling them a retaliatory legal tactic. The company dismissed the insolvency claims as a retaliatory legal tactic, asserting that the disputed amount of ₹40.6 crore is already the subject of pre-existing arbitration proceedings with Anevolve Mando E-Mobility and…
A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts. Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to…