Provisional judgments and illiquidity in Germany – key insights from a recent case – Taylor Wessing
Provisional judgments and illiquidity in Germany – key insights from a recent case Taylor Wessing Read the original article here
Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor
The IBC classifies individuals into three categories- personal guarantors to corporate debtors, partnership firms and proprietorship firms and other individuals to enable implementation of individual insolvency in a phased manner. The National Company Law Tribunal (NCLT) Chennai has held that the threshold limit for initiating the Personal Insolvency Resolution Process (PIRP) under Sections 94 or…
What Happens to Your Data When Companies Go Bankrupt?
Imagine learning that your genetic data, which you thought you had deleted months ago, has been transferred to a company you have never heard of. Despite your careful attempts to remove your DNA profile, family health history and raw genetic data from a genetic testing service, it resurfaces during bankruptcy proceedings as a valuable asset.…
Cartoonist Ujang’s first Raya as a free man – Free Malaysia Today
Cartoonist Ujang’s first Raya as a free man Free Malaysia Today Read the original article here
Quantron rises from the ashes
Hydrogen truck and zero-emission transport manufacturer Quantron has risen from the ashes of insolvency and is once again trading under a refocused strategy. Quantron had initially filed for bankruptcy at the end of October 2024, with the company’s court-appointed administrator initiating a structured sales process in November. A holding company belonging to Quantron CEO Andreas…
Climate Firm That Partnered With Meta, Microsoft Goes Bankrupt – Bloomberg.com
Climate Firm That Partnered With Meta, Microsoft Goes Bankrupt Bloomberg.com Read the original article here
Gerry Weber insolvency causes Dutch branch to topple
r.classen / Shutterstock.com The Dutch branch of women’s fashion chain Gerry Weber has filed for a suspension of payment, after its German parent company was declared insolvent. Both companies’ future looks markedly uncertain. Financial problems seep through The chain’s Dutch branch hopes that a suspension of payment would clear the way for a possible restart,…
Select Fashion ‘collapses, leaving staff without pay’ – London Evening Standard
Select Fashion ‘collapses, leaving staff without pay’ London Evening Standard Read the original article here
Troubles Mount for Shapoorji Pallonji Group as NCLT Slaps Notice Over Insolvency Plea – outlookbusiness.com
Troubles Mount for Shapoorji Pallonji Group as NCLT Slaps Notice Over Insolvency Plea outlookbusiness.com Read the original article here
Bax Music Declared Bankrupt After Financial Struggles
Bax Music, a prominent online retailer of musical instruments and equipment, has been declared bankrupt by the Zeeland-West-Brabant court on April 1, 2025. This decision follows the company’s request for a suspension of payments made just a week prior, a common precursor to bankruptcy. The firm has faced significant financial difficulties in recent years, accumulating…