Shareholders of collapsed fintech startup Linqto vowed to fight an effort by its new management to reorganize the troubled company in bankruptcy. Managers who took over in recent months put Linqto under court protection in Houston this week, claiming former executives mismanaged the firm’s business for years by misleading customers into believing they owned shares…
A new report by ASIC has revealed that small business restructuring (SBR) appointments have surged in recent years, rising from 448 appointments in 2022–23 to an estimated 3,000 in 2024–25. “After a slow start, the recent growth of SBRs and other data in our report shows that the SBR regime is starting to deliver on…
Attabotics insolvency came amid falling revenues, creditor uncertainty Calgary Herald Read the original article here
(Yicai) July 9 — A court in China has declared the car production joint venture of GAC Group and Stellantis bankrupt, nearly three years after it entered bankruptcy restructuring following a slump in sales. The Changsha Intermediate People’s Court declared GAC Fiat Chrysler Automobiles bankrupt yesterday due to insufficient assets to cover its debts and the…
BREAKING NEWS: A major tour operator with presence in Greece went bankrupt money-tourism.gr Read the original article here
Boavista Manager Stuart Baxter Former Kaizer Chiefs boss Stuart Baxter’s time at Boavista is more uncertain than ever as the club faces intense financial troubles. Check Out: Ex-Chiefs Boss To Learn ‘Fate’ After Relegation The 71-year-old was brought in toward the end of last season in a desperate bid to turn the club’s fortunes around,…
New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company’s management while preparing its sale prospectus under the bankruptcy code, the Insolvency and Bankruptcy Board of India (IBBI) has said. The regulator’s latest amendment to the Insolvency Resolution Process for Corporate Persons states that corporate restructure plans prepared…
Revealed – how many insurance companies are failing Insurance Business America Read the original article here
UK connected party pre-pack administration sales rise again Taylor Wessing Read the original article here
German court refers question of insolvency avoidance to European Court of Justice Taylor Wessing Read the original article here