Christian Pricelius 03/26/2025March 26, 2025 Corporate insolvencies in Germany have hit a 10-year high. From rising costs to weak demand, what’s behind the surge? And what can be done to support struggling businesses before it’s too late? https://p.dw.com/p/4sDF9 Read the original article here
Speed of dismissal process deemed unfair The ERA found that the worker was not given adequate time to respond to allegations. After receiving detailed allegations on 7 December 2023, he provided a written response on 14 December and received additional information on 18 December. The disciplinary meeting occurred on 19 December, where he was dismissed…
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Developer defends ‘historic’ failures and big debts The Press Read the original article here
The New Zealand operation had licensing rights from Irish company Butlers Chocolates. Kellow and Shephard said Butlers had recently made the decision not to provide further licensing rights for the New Zealand business to operate under its brand. “Therefore, a full rebrand would be required if the company was to continue trading.” AdvertisementAdvertise with NZME.…
The company, which provided installation and services of solar power, pool heating and hot water systems, has ceased trading and staff have been terminated. The first liquidator’s report said Kiwibank holds a General Security Agreement – granting it security interest over the borrower’s assets – and is owed $1.8m. Kiwibank had engaged Ruscoe and Keen…
A perfect storm of adverse events has seen South Australian dairy company Beston Global Food Company go into voluntary administration. Beyond the farmers who supply the milk to the company, an additional 159 workers at the company’s Jervois and Murray Bridge sites will be affected by the development. Beston was known for its cream cheese…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) rejected the appellant’s corporate guarantee claim as time-barred and held that the 388-day delay violates the provisions of Section 12 of the Insolvency and Bankruptcy Code, 2016. In this case, the appeal was filed by Moneywise Financial Services Private Limited under Section 61 of…