Since the beginning of August, the Ambitious Air Mobility Group (AAMG), based in the Netherlands and with connections to Spain, Dubai and Japan, has been publicly promoting its desire to take over and revive the Bavarian company Lilium. However, this attempt has now apparently failed: with the sale of Lilium’s intellectual property in the form of over 300 patents to US competitor Archer, AAMG now has no chance of acquiring what are arguably Lilium’s most valuable assets.

The Lilium patent portfolio includes innovations in the areas of high-voltage systems, battery management systems, aircraft design, flight control systems, electric propulsion systems, propeller technology and shrouded propeller technology for eVTOL aircraft….

SABLAYAN, Occidental Mindoro – More than 4,000 agrarian reform beneficiaries (ARBs) across the Mimoropa region are set to receive land titles and debt condonation certificates from the Department of Agrarian Reform (DAR) on Friday.

The awarding of e-titles, certificates of land ownership award (CLOAs), and certificates of condonation with release of mortgage (CoCRoMs) is in line with President Ferdinand R. Marcos Jr.’s directive to uplift farmers through land ownership and financial freedom.

The distribution will be held at the…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

Melbourne-based material science company Great Wrap has entered into voluntary administration with reported debts of $39 million, almost six years after the founders officially launched their direct-to-consumer brand in 2020, which resulted in 30,000 orders in the first month.

Great Wrap co-founder and CEO Jordy Kay announced on LinkedIn on Thursday afternoon that, given the circumstances, the Australian startup’s story had come to a conclusion and thanked those who had supported the company’s journey.

According to ASIC’s published notices, administrators were appointed almost a month ago on September…

The Orissa High Court has recently held that directors of a company cannot be absolved of their liability for the offence of cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881 (‘the NI Act’) merely because the company was declared insolvent and a Resolution Professional was appointed under the Insolvency and Bankruptcy Code, 2016 (‘the IBC’).

While determining the extent of liability of directors of an insolvent company, the Bench of Justice Chittaranjan Dash held –

“In view of the above position of law, there remains no ambiguity with respect to the principle propounded by the Hon’ble Supreme Court, namely, that the matter lying before the Resolution Professional pursuant to the order dated 08.11.2024 of the…