Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Comedian Jay Leno dropped a bombshell about late-night talk show legend Johnny Carson during Leno’s appearance on Bill Maher’s “Club
500 jobs at risk as company collapses  The Australian Read the original article here
News The breach is one of the largest cyber attacks in the nation’s history, after the personal health
Ms BURNET (Clark) – Given the news about air carrier Rex going into voluntary administration, as transport spokesperson for the
ISLAMABAD: A cabinet body on Tuesday refused to declare Shalimar Recording and Broadcasting Company as strategic, directing the Ministry of
Posted on: December 24, 2024, 11:39h.  Last updated on: December 24, 2024, 11:42h. Was former UFC middleweight champ Chris Weidman
Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public,
Lilium manufactures aircraft like this. (archive picture) Keystone The insolvent electric aircraft pioneer Lilium from Germany has found an investor
The Orchard, a popular dining destination in Sydney's Penrith has been placed into voluntary administration as it battles with the
A consortium of investors has resurrected Lilium just days after the electric air taxi startup ceased operations and laid off
The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems
One of the company's hotels, Photo: Shutterstock 24.12.2024. 15:02h The Court of Appeal rejected the appeal of the NGO "Vektra

Comedian Jay Leno dropped a bombshell about late-night talk show legend Johnny Carson during Leno’s appearance on Bill Maher’s “Club Random” YouTube show. In the episode, Leno recounted how Carson narrowly escaped a mob hit after an incident at a notorious New York bar spiraled out of control.

The revelation came after Maher joked about recent National Enquirer speculation claiming Leno’s recent accidents, including falling down a hill in Pennsylvania, might be tied to alleged gambling debts with organized crime.

Jay Leno shares a story about the time Johnny Carson had a hit out on his life. (Photo by Roy Rochlin/Getty Images)

Though Maher entertained the theory briefly, he quickly dismissed it as ridiculous,…

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500 jobs at risk as company collapses  The Australian

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News



The breach is one of the largest cyber attacks in the nation’s history, after the personal health information was stolen earlier this year.


Hacker sitting at computer.

MediSecure went into voluntary administration in June.



MediSecure has confirmed hackers stole the data of 12.9 million Australians, in one of the largest breaches in the country’s history.

 

The company has confirmed the data of Australians who used the MediSecure prescription delivery service up until November 2023 was stolen in May by a malicious third-party actor.

The data breach was already known, but its scale remained a mystery until late on Thursday.

 

‘MediSecure would like to…

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Ms BURNET (Clark) – Given the news about air carrier Rex going into voluntary administration, as transport spokesperson for the Greens, it is necessary to say a few words about the likely impacts on Tasmanians and their transport options and local economies.

The news that Rex has gone into voluntary administration is deeply concerning for Tasmanians, but particularly those directly affected. If Rex is allowed to go the way of Ansett and Bonza, jobs in regional communities in Tasmania will be at risk and the impacts on tourism and the broader local economy will be significant.

The Transport Workers’ Union (TWU) have said that many hundreds of jobs across Australia have gone…

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ISLAMABAD:

A cabinet body on Tuesday refused to declare Shalimar Recording and Broadcasting Company as strategic, directing the Ministry of Information to find its own path to protect the company from becoming insolvent.

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) discussed the Ministry of Information’s proposal to authorise Shalimar Recording and Broadcasting Company (SRBC) to enter into public-private partnership (PPP) to avoid…

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Posted on: December 24, 2024, 11:39h. 

Last updated on: December 24, 2024, 11:42h.

Was former UFC middleweight champ Chris Weidman being merciful or cruel when he agreed to choke out one of his friends to forgive his $5,000 poker debt? We’re not sure.

What’s a little unconsciousness between friends? (Image: Instagram @chrisweidman)

Weidman recently posted a video to Instagram of the strangest way we’ve heard of to settle a gambling debt. And it seemed way less funny than Weidman apparently thought it was.

“He lost in poker last night,” Weidman wrote. “It was either pay 5k or get choked…

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Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to gain financing and exit insolvency failed.

Update: Lilium might be saved after all. The company said in a Dec. 24 announcement that a consortium of investors has agreed to acquire two Lilium subsidiaries, which would allow it to restructure and exit insolvency.

The publication Gründerszene was the first to report the layoffs. Lilium co-founder Patrick Nathen confirmed on LinkedIn that the 10-year-old company had stopped operating.

“After 10 years and 10 months, it is a sad fact that Lilium has ceased operations. The company that…

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Lilium manufactures aircraft like this. (archive picture)
Lilium manufactures aircraft like this. (archive picture)

Keystone

The insolvent electric aircraft pioneer Lilium from Germany has found an investor and intends to continue its business. A consortium of investors has signed a purchase agreement for the assets of Lilium’s subsidiaries.

As the start-up company announced on Christmas Eve, the consortium is called Mobile Uplift Corporation. The 750 employees who were laid off on Friday will be brought back, a spokesperson said.

“We are very pleased to announce the signing of an investment agreement with a very experienced consortium of investors,” said CEO Klaus Roewe. “The completion of the transaction in early January will enable us to…

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The Orchard has entered voluntary administration.
The Orchard, a popular dining destination in Sydney’s Penrith has been placed into voluntary administration as it battles with the cost-of-living crisis. · The Orchard

A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis. The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago.

Dubbed “Western Sydney’s most memorable venue”, The Orchard has been the backdrop for many weddings and special events. However, “a period of challenging market conditions” has been blamed for its struggles.

RELATED

The Orchard confirmed to customers that the venue would remain “open and fully operational, with a strong…

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A consortium of investors has resurrected Lilium just days after the electric air taxi startup ceased operations and laid off about 1,000 employees.

Mobile Uplift Corporation, a company set up by investors from Europe and North America, has agreed to acquire the operating assets of the startup’s two subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, per an announcement Tuesday.

The parent company, Lilium N.V, will not receive any funds in accordance with German insolvency law.

Terms of the deal, which are expected to close in January, were not disclosed. Consultancy giant KPMG handled the sale process for Lilium. Mobile Uplift Corporation said in the announcement it intends to rehire workers who were laid off immediately…

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The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.

Immanuel Ebenezer, Deputy Minister of Manpower, accused the issuance of the Minister of Trade Regulation (Permendag) No. 8/2024 as the main cause of the collapse of these textile companies.

The 2024 Trade Minister regulation, which is about import policies and regulations, is the fourth revision of the same regulation.

Heru Widianto, Director of Institutions and Prevention of Industrial Relations Disputes at the Ministry of Manpower, said that the revision of Permendag No. 8/2024 was a proposal created by the Tripartite Cooperation…

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One of the company's hotels, Photo: Shutterstock

One of the company’s hotels, Photo: Shutterstock

The Court of Appeal rejected the appeal of the NGO “Vektra Boka” Workers’ Association after finding that it was illegal, thereby confirming the Commercial Court’s ruling from November – that the company “Vektra Boka” should not be declared bankrupt.

This is written in the decision made by the Court of Appeal on December 10, which “Vijesti”…

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