Court Places Three Gauzy Subsidiaries into Insolvency – USGlass Magazine
Court Places Three Gauzy Subsidiaries into Insolvency USGlass Magazine Read the original article here
Federal Court of Justice confirms subordination of shareholder damages claims to all creditor claims in landmark insolvency ruling, Lars Westpfahl, Patrick Schroeder, Sonja Vidal, Susanne Hoerrmann, Tom Dittmar, Victor Aly
In its much-anticipated judgment of 13 November 2025 the German Federal Court of Justice (FCJ) held that in insolvency proceedings, shareholders’ damages claims are not to be treated pari passu with claims of unsecured creditors. With this landmark ruling, the FCJ brings an end to years of legal uncertainty, resolving the long-standing dispute between shareholders and…
NMCN liquidators lodge legal claim against ex-auditors
The insolvency firm handling the affairs of defunct contractor NMCN has issued a legal claim against its former auditor, BDO, relating to two historical audits of the company. Court filings show that lawyers on behalf of NMCN plc and NMCN Sustainable Solutions Ltd filed a breach of contract claim against BDO on 26 March. A…
Directors' duties in insolvency: Hong Kong court warns of personal liability for frivolous challenges to winding-up orders – www.hoganlovells.com
Directors’ duties in insolvency: Hong Kong court warns of personal liability for frivolous challenges to winding-up orders www.hoganlovells.com Read the original article here
Astron Paper & Board Mill Reports Quarterly Loss Amid Insolvency Proceedings and Plant Shutdown – scanx.trade
Astron Paper & Board Mill Reports Quarterly Loss Amid Insolvency Proceedings and Plant Shutdown scanx.trade Read the original article here
Freddy’s operator declares bankruptcy – Restaurant Dive
Freddy’s operator declares bankruptcy Restaurant Dive Read the original article here
Directors’ duties in insolvency: Hong Kong court warns of personal liability for frivolous challenges to winding-up orders
Introduction On 17 November 2025, the Hong Kong Court of Appeal delivered its reasons for judgment in Target Insurance Company Limited (in compulsory liquidation) v Nerico Brothers Limited [2025] HKCA 1024. In this ruling, the Court imposed personal costs liability on a company’s sole director for pursuing an appeal against a winding-up order that it…
Türkiye's Onur Air declared bankrupt – ch-aviation
Türkiye’s Onur Air declared bankrupt ch-aviation Read the original article here
Learner drivers lose £164k as NxtGen driving school shuts down
NxtGen Driving Academy described itself as “one of the fastest growing driving schools in East Anglia”. Instructors were based in Suffolk, Norfolk, Staffordshire, Buckinghamshire, Essex, Cambridgeshire, Sussex, North Wales and Cheshire. Some of the instructors were employed directly by the company, while others ran their own franchises. In addition to learners, HMRC is also owed…
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No Cookies To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to…