Restructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
AMSTERDAM — Dutch bicycle maker VanMoof has been declared bankrupt, slamming the brakes on a company that won design awards for its stylish, minimalist electric bikes but struggled to meet soaring demand and fix glitches with the app powering its service. The Amsterdam-based company, started in 2009 by brothers Taco and Ties Carlier, posted a…
Restructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
LONDON, July 18 (Reuters) – England and Wales are on track for the highest quarterly number of company insolvencies since early 2009, as businesses struggle to repay COVID-19 loans against a tough economic backdrop, government figures showed on Tuesday. The Insolvency Service, a government agency, said 2,163 companies were declared insolvent in June, up 27%…
Restructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
A total of 29 food and drink businesses in Nottinghamshire have been declared insolvent in a restaurant crisis sweeping the country. New data has revealed that 3,347 restaurants, pubs and cafes across the UK have been unable to pay their debts in the two years to March 2023, according to data from the Insolvency Service.…
The Dutch company’s trustees will seek a third party to buy the company’s assets and continue its activities. A Dutch court has declared the independent e-bike maker VanMoof bankrupt, the company said in a statement. The trustees will try to sell the assets to a third party that wants to continue the company’s work. VanMoof…
Another grim stage for VanMoof, the e-bike startup backed by venture capitalists to the tune of hundreds of millions of dollars. After making a last-hour effort to stave off bankruptcy last week, the court of Amsterdam has taken the step of officially declaring bankruptcy for the companys Dutch legal entities, VanMoof Global Holding B.V., VanMoof…
HONG KONG, July 18 (Reuters) – China Evergrande Group’s (3333.HK) huge liabilities and diminishing cash disclosed in its long-overdue reports for the past two years raises questions about the viability of its restructuring plan and operations, creditors and analysts said. A comment from Evergrande’s auditor that it did not express an opinion on the reports…
Restructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…