Germany unit of Canadian lithium battery company Electrovaya … – National Post

TORONTO Electrovaya Inc. says its Litarion subsidiary in Germany has begun insolvency proceedings as a result of a cash shortage that arose after its automotive customers took longer than expected to place large battery orders. Mississauga, Ont.,-based Electrovaya says it doesnt expect Litarions insolvency will affect the parent companys ability to fulfil current and future…

Germany unit of Canadian lithium battery company Electrovaya declares insolvency – TheChronicleHerald.ca

TORONTO Electrovaya Inc. says its Litarion subsidiary in Germany has begun insolvency proceedings as a result of a cash shortage that arose after its automotive customers took longer than expected to place large battery orders. Mississauga, Ont.,-based Electrovaya says it doesn’t expect Litarion’s insolvency will affect the parent company’s ability to fulfil current and future customer orders…

Retail sector on high alert as company insolvency rates – Retail Gazette (blog)

Experts have warned that the retail industry is on high alert following the release of 2017 insolvency figures, which revealed rising liquidation rates. According to The Insolvency Service, 17,243 companies entered insolvency in 2017, rising 4.2 per cent year-on-year. This was driven by an 8.3 per cent rise in creditors voluntary liquidations (CLVs) in which…

Litarion GmbH initiates insolvency proceedings – evertiq.com

Electrovayas German subsidiary, Litarion GmbH, has commenced a voluntary structured insolvency process. The process is expected to result in the appointment of a provisional receiver/liquidator of Litarion and its property by the German court, a press release reads. As previously reported by the company, Li-Tec Battery GmbH, the owner of the premises occupied by Litarion,…

Personal insolvencies across England and Wales reach three-year high – Daily Mail

By Press Association Published: 21:03 AEDT, 26 January 2018 | Updated: 21:03 AEDT, 26 January 2018 e-mail The number of people becoming financially insolvent reached a three-year high across England and Wales during 2017, official figures show. Some 99,196 personal insolvencies were recorded, marking a 9.4% rise on 2016 and the highest annual total since 2014,…