The construction industry trade press frequently writes about administrations in the industry. Whilst the Insolvency Service’s figures show that around one construction company went into administration every other day in Q1 2023, significantly higher numbers went quietly into liquidation during the same period. Construction and Insolvency experts from law firm Womble Bond Dickinson have come…
Updates with commments from company statement in paragraphs 1, 3-5, and information from NOS report and background in paragraphs 6-8. AMSTERDAM, July 18 (Reuters) – Dutch e-bike maker VanMoof has been declared bankrupt, the company said on Tuesday. The company, which raised 100 million euros ($112.56 million) to expand during the COVID-19 pandemic, had filed…
Dutch electric bike maker VanMoof, whose popularity earned it the name “Tesla of e-bikes” but has faced financial problems, has been declared bankrupt by a court, the company said Tuesday. The company had raised $128 million in September 2021 in an effort to expand as it rode a boom in the e-bike sector after the…
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.…
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, July 18 (Reuters) – Dutch e-bike maker VanMoof has been declared bankrupt, the company said on Tuesday. The company, which raised 100 million euros ($112.56 million) to expand during the COVID-19 pandemic, had filed for protection from creditors last week. The company said in a statement that a judge at the Amsterdam District Court…
/ The news was announced to employees in an internal e-mail after the Dutch courts decision. Administrators are now looking at the possibility of a restart. a:hover]:text-black [&a:hover]:shadow-underline-black dark:[&a:hover]:text-gray-e9 dark:[&a:hover]:shadow-underline-gray-63 [&a]:shadow-underline-gray-13 dark:[&a]:shadow-underline-gray-63″Its the end of the road for VanMoof as we know it.
The latest reports surrounding the downfall of Witat Wongsa — an acclaimed Thai-language teacher who was named by the Education Ministry as the nation’s best teacher in 2017 — continue to draw the public’s attention. The 36-year-old, nicknamed “Sunthorn Foo” after the renowned late poet Sunthorn Phu for his way with words, was arrested in…
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.…
Source: Facebook Bounce Foods, an Australian pioneer in the protein bar and energy ball market, has fallen into voluntary administration, owing to significant debts from an unsuccessful foray into the American market. Documents published by the the Australian Securities and Investments Commission (ASIC) on Friday show Natural High Co Pty Ltd, trading as Bounce Foods,…