The focus of the Kyiv Economic Court has turned to the hotel ‘Salyut’, which was declared bankrupt due to huge debts. This enormous amount – 5.4 billion hryvnias – is the reason the company cannot find a way out of its financial troubles. The main asset of ‘Salyut’ is its building, which is already planned…
Retrack companies apply for insolvency International Railway Journal Read the original article here
David Beckham-backed Guild Esports put up for sale on insolvency marketplace MSN Read the original article here
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Celebs Go Dating‘s Kerry Katona revealed that having an OnlyFans account has affected her dating life. She’s been selling explicit photos for £19.99 per month for several years, and has the video creation website to thank for getting her out of bankruptcy. She went through financial hardship and resorted to taking steamy pics to…
Government lines up insolvency firm in case of Thames Water collapse MSN Read the original article here
The consortium led by European investment holding company AAMG (Ambitious Air Mobility Group N.V.) is getting serious about its plans to revive the failed aviation startup Lilium. AAMG has now formally applied for a purchase agreement, under the conditions that were announced on Monday: AAMG wants to pay €20 million for the startup’s assets, and…
NCLAT clears way for insolvency against Supertech Realtors, developer of Supernova project. Upholds NCLT order after Bank of Maharashtra claim. New Delhi, Aug 14 (PTI) The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, which comprises residential apartments, offices, retail space,…
self In this episode of the Lowenstein Bankruptcy Lowdown, partners David M. Posner and Daniel B. Besikof discuss how tariffs—originally intended as tools of industrial policy—are now accelerating corporate bankruptcies by inflating costs, disrupting supply chains, compressing margins, and pushing financially fragile companies into insolvency. Speakers: David M. Posner, Partner, Vice Chair, Bankruptcy & Restructuring…
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members. According to the official statement, at the end of July Klug submitted an application to the Federal Office of Public Health (BAG) for bankruptcy and license…