8 February 2023, 04:57 PM The National Bank of Ukraine (NBU) declared JSC Forward Bank, owned by Russian citizen Rustam Tariko, to be insolvent, the central bank reported on Feb. 8. The NBU took this decision due to the irreversible deterioration of the bank’s financial condition. The bank has been considered problematic since Nov. 24,…
Lilium faces second bankruptcy as funding deal collapses AviTrader Read the original article here
Tesla to acquire parts of insolvent German parts maker Manz Reuters Read the original article here
The parties have signed a corresponding purchase agreement, insolvency administrator Martin Mucha told the German press agency DPA. A price was not communicated. According to the report, Mucha is pleased to have successfully concluded the negotiations with Tesla, saving many jobs. The German engineering company Manz filed for insolvency in December 2024, after lenders said…
BERLIN (Reuters) – U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG, including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday. The deal marks a wider presence by Tesla in Germany, where it runs a manufacturing site near…
Devyani International, a listed company, runs quick service restaurants (QSRs) such as KFC and Pizza Hut across India. The dispute traces back to October 1, 2021, when B9 Beverages Limited approached Devyani International to enhance its business presence and market growth. Following negotiations, the parties entered into several agreements, including: Brand alliance agreement – Aimed at…
The Indian government is considering changes to its bankruptcy laws, including streamlining court processes, amid growing concerns over lengthy proceedings and low recovery rates.The Insolvency and Bankruptcy Board of India is finalizing a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may be extended. Global…
(Feb 25): The Indian government is considering changes to its bankruptcy laws, including streamlining court processes, amid growing concerns over lengthy proceedings and low recovery rates. The Insolvency and Bankruptcy Board of India is finalising a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may…
In Dubai, Mehta found a new start and, with the help of a partner, began building Petrochem. In 1995, at 35, Mehta founded Petrochem Middle East. Yogesh Mehta, the founder and CEO of Petrochem Middle East is one of the most influential figures in the chemical distribution industry. Mehta graduated with a Bachelor of Science…
2024-11-12T15:01:00 Spain Assessment of the second year of implementation of the Spanish insolvency reform … Read the original article here