Former Socceroos captain declared bankrupt – The New Daily
Former Socceroos captain declared bankrupt The New Daily Read the original article here
Volocopter files for insolvency while seeking investors
Volocopter GmbH filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on Dec. 26, 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 pioneer of urban air mobility (UAM),…
NUVOCO Vistas wins as successful resolution applicant for Vadraj Cement insolvency
Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group and a leading player in East India, has emerged as the SRA of Vadraj Cement Limited (VCL), currently undergoing Corporate Insolvency Resolution Process. The Resolution Plan submitted by Nuvoco has been approved by the Committee of Creditors (‘CoC’), and a Letter of Intent (LOI) has been issued.…
Number of companies going bust still well below pre-COVID levels
The insolvency rate remains below the 20-year running average, with considerably less insolvencies last year than was expected. While there were 852 insolvencies in 2024 – an increase of 16% – this was below the expected number of 900. On Newstalk Breakfast, spokesperson for professional services firm PwC Ken Tyrrell said that while the overall…
Volocopter files for insolvency while seeking investors
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 develops all-electric vertical takeoff and landing (eVTOL) aircraft. Founded in 2011, the startup company is nearing the finish line to obtain aircraft type certification and launch its urban…
Irish business insolvencies hit 6 year high in 2024
Business insolvencies in Ireland hit their highest level in six years according to research by PwC. Insolvencies increased by 16 per cent, although they came in below expectations as the fourth-quarter saw a drop off in company collapses. The total figure for 2024 was 852, which was well shy of PwC’s forecast that insolvencies would…
Irish business insolvencies hit six-year high in 2024
Business insolvencies in Ireland hit their highest level in six years according to research by PwC. Insolvencies increased by 16 per cent, although they came in below expectations as the fourth-quarter saw a drop off in company collapses. The total figure for 2024 was 852, which was well shy of PwC’s forecast that insolvencies would…
Why Britain’s towns and cities are going bust
Birmingham’s city center is thronged by empty lots with unfinished and unstarted building projects, like this one in the Deritend area. In 1890, an American journalist named Julian Ralph traveled from New York to Birmingham, an industrial powerhouse lying squarely in the center of England, and found it to be “the best-governed city in the…
Hin Leong’s founder OK Lim, children declared bankrupt www.singaporelawwatch.sg
Source: Business Times Article Date: 28 Dec 2024 Author: Tay Peck Gek This comes after the family agreed to pay US$3.5b to the court-appointed liquidators of the company and top creditor HSBC. Hin Leong’s founder Lim Oon Kuin and…
Total number of company insolvencies lower than expected last year
There was a lower than expected number of business insolvencies recorded during 2024 as upward trends towards the end of the year slowed, new figures published by accountancy firm PwC shows. During the course of 2024, PwC had been projecting there to be over 900 business insolvencies recorded by the end of the year. However,…