One of Singapore’s most well-known oil magnates, former tycoon Lim Oon Kuin, the founder of Hin Leong Trading Pte., has fallen from grace drastically after being formally declared bankrupt. His children, Lim Huey Ching and Lim Chee Meng, who were directors of the now-defunct corporation, are also impacted by the December 19, 2024, bankruptcy order.…
Flying taxi start-up Volocopter has filed for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. Photo / Thibaud Moritz / AFP Flying taxi start-up Volocopter said on Monday it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. “Despite…
German air taxi company Volocopter announces insolvency MSN Read the original article here
Construction insolvencies are on the rise. ASIC data on external administration and controller appointments in this sector have risen between 2022 and 2024, both first-time appointments, and “all appointments” (including subsequent and transitional appointments, for example, where a company is placed into liquidation following administration or provisional liquidation). Chart 1: The first time…
German air taxi start-up Volocopter files for insolvency Reuters Read the original article here
UK retail and hospitality sectors brace for insolvency spike post-Budget, industry leaders caution Business Live Read the original article here
According to Volocopter, it plans to develop and enact a ‘restructuring concept’ by the end of February. Photo: NeomAccording to Volocopter, it plans to develop and enact a ‘restructuring concept’ by the end of February. Photo: Neom Company says insolvency proceedings are necessary as search for new investors begins Read the original article here
Bruchsal, Germany, 30 December 2024 – Volocopter GmbH filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on 26 December 2024. The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator. Volocopter is a…
Insolvencies and restructuring could rise further over the start of 2025 as firms face more increased cost pressures, industry experts have warned. Restructuring bosses have cautioned that impending cost rises linked to the autumn Budget could particularly weigh on the retail, hospitality and care sectors. It comes after official figures pointed towards an uptick in…
Flying taxi startup Volocopter said today it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement, adding that the filing…