SINGAPORE – The High Court has ordered the private trustees handling the bankruptcy estate of alleged fraudster Ng Yu Zhi to accept a creditor’s claim for $12 million, which was previously rejected. The claim was filed by Veronica Shim Wai Han, the former chief executive of Envysion Wealth Management (EWM), who has alleged that Ng…
Affimed Announces Filing for the Opening of Insolvency Proceedings The Manila Times Read the original article here
Affimed N.V. (AFMD), a clinical-stage immuno-oncology company, has announced filing for insolvency proceedings with the local court of Mannheim, Germany. Despite ongoing fundraising efforts, the company failed to secure sufficient capital to continue operations of Affimed N.V. and its subsidiaries Affimed GmbH and Affimed Inc. The management…
MANNHEIM, Germany, May 13, 2025 (GLOBE NEWSWIRE) — Affimed N.V. (Nasdaq: AFMD), a clinical-stage immuno-oncology company committed to giving patients back their innate ability to fight cancer, today announced its decision to file an application for opening of insolvency proceedings with the local court of Mannheim in Germany. As previously reported, Affimed N.V. (the “Company”)…
Less than two years after its last insolvency proceedings, Gerry Weber International GmbH (GWI), the holding company of the Halle, Westphalia-based fashion supplier, has filed for insolvency under self-administration. The Bielefeld District Court has already approved the application and ordered preliminary proceedings, Gerry Weber announced on Tuesday. In addition, lawyer Lucas Flöther was appointed administrator.…
Going for broke: sequestration is a last-ditch option to becoming debt-free IOL Read the original article here
Dong Sung Bio Pharm declares bankruptcy over 100 million won unpaid bills Chosun Biz Read the original article here
Many businesses and industry groups are currently advocating for the Treasurer to extend the temporary six month exemption from insolvent trading liability for directors – due to expire on 25 September 2020 – and to also adopt other interim relief measures such as a prohibition on liquidators recovering unfair preference payments to creditors. It had…
Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases The New York Times Read the original article here
Dave Broadbent, chair of R3 in Yorkshire New business starts-ups and insolvency-related activity had both fallen across the UK and in Yorkshire and the Humber last month, according to the latest research from the UK’s insolvency and restructuring trade body, R3. The findings, based on an analysis of data provided by Creditsafe, show an 18%…