Case File Because the Massachusetts Insurers Insolvency fund steps takes over an insolvent insurer’s rights and responsibilities under the commonwealth’s workers’ compensation law, it has a right to collect cost-of-living adjustment reimbursements as the insurer would have had it…
Casa Luxembourg’s bankruptcy means end for country’s eight shops Luxembourg Times Read the original article here
The bankruptcy of high-profile fashion designer Jovian Mandagie, the former son-in-law of Malaysia’s ex-prime minister Ismail Sabri Yaakob, has brought renewed attention to the growing scandals surrounding the former leader’s family. Jovian, once a household name in Malaysian and Indonesian fashion circles, was declared bankrupt by the Kuala Lumpur High Court on Thursday for failing…
Malaysia PM’s ex-son-in-law declared bankrupt over US$1.25million ‘friendly loan’ South China Morning Post Read the original article here
When Adelaide Designer Homes was placed into liquidation last month electrician Ralph Czabayski was one of more than 80 creditors left out of pocket. It also left 20 home owners like Joanna and Henry Clough without a completed home. They’re now living in their friend’s tiny spare room and are expecting a baby next month.…
Show Fullscreen EUROPE: Retrack Slovakia and Retrack Czech have filed for insolvency. Parent company VTG said persistent challenges in the Eastern European traction market made a sustainable recovery impossible, despite its restructuring efforts and financial support. Retrack Slovakia was founded as Carbo Rail in 2016 through the merger of Carbosped and Rail Sped. VTG Rail…
TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs. Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators…
Last year, fashion designer Datuk Jovian Mandagie was ordered by the High Court in Kuala Lumpur to pay RM10 million to two companies after failing to repay two “friendly loans” of RM5 million each. Prior to this, the business owner had announced that his brand, along with its parent company, Jovian Mandagie Group Sdn Bhd,…
CARMAT (FR0010907956, ALCAR), designer and developer of the world’s most advanced total artificial heart, aiming to provide a therapeutic alternative for people suffering from advanced biventricular heart failure (the “Company” or “CARMAT”), today announces filing for insolvency1 and requesting to be placed in receivership2 to the Versailles Economic Affairs Court3, as well as the suspension…
Glencore in talks with UK government over refinery insolvency Upstream Online Read the original article here