Bergen, Norway – Norwegian deep sea mining company, Loke Marine Minerals, has declared bankruptcy.[1] Loke had dreams of becoming the world’s largest deep sea mining company, holding licenses in the Pacific as well as setting their eyes on the Arctic. Now, their deep sea mining dreams have been shattered. Loke also owns UK Seabed Resources,…
Atlas Technologies, a subsidiary of Netherlands-based Lightyear, has been declared bankrupt. For the last six years, the company has been in the works to develop the world’s first solar-powered electric car, christened Lightyear 0. The parent firm submitted a request on January 23 to suspend payment proceedings for its operating company responsible for Lightyear 0. …
Forever 21 filed for bankruptcy — again. Sunday’s filing marked the brand’s second bankruptcy, as it previously filed in 2019. The company, which is expected to shut down all of its US stores unless it finds a buyer, pointed to competitors such as Shein and Temu as part of its reason for closing. I was…
(Reuters) – Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported. Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found…
PUTRAJAYA: The rising trend of individuals declaring voluntary bankruptcy is becoming a growing concern, signalling that many are struggling with severe financial difficulties. In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process filed in court to protect themselves from excessive creditor claims. Insolvency Department director-general Datuk…
Former Putin Challenger Is Declared Bankrupt by Russian Court U.S. News & World Report Read the original article here
Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported. Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found Nadezhdin had…
(Reuters) – Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported. Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found…
Romania’s UCM Resita goes bankrupt SeeNews Read the original article here
The National Company Law Tribunal (NCLT) has ruled in favour of food delivery giant Zomato, dismissing an insolvency plea filed by B2B apparel manufacturer Nona Lifestyle over alleged unpaid dues of Rs 1.64 crore, CNBC TV18 reported. The decision brings significant relief to Zomato, which was embroiled in a legal battle over non-payment claims linked…