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…
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…
/ 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.
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…
Eric Watson is the founder and executive chairman of international private investment company Cullen Investments, now in liquidation owing tens of millions after a string of court defeats. Photo / NZME Liquidators sifting through the crumbled wreckage of Eric Watsons business empire have instructed lawyers to begin bankruptcy proceedings. Watson, formerly New Zealands most famous…
This is a service specifically targeted at the needs of busy non-executive directors (NEDs). We aim to give you a heads up on the things that matter for NEDs in the week ahead all in two minutes or less. In this edition, we discuss the ACCCs new guidance helping businesses to avoid greenwashing claims, the…
By Express News Service NEW DELHI: Government-owned Container Corporation India Ltd (Concor) has got a relief from the National Company Law Appellate Tribunal (NCLAT) after the tribunal stayed an NCLT order allowing the initiation of a corporate insolvency resolution process against the company. Concor informed in an exchange filing that the NCLAT has stayed the…
SpiceJet (SG, Delhi International) calls reports India’s Directorate General of Civil Aviation (DGCA) has put it under so-called enhanced surveillance “absolutely incorrect.” The denial is despite the Press Trust of India (PTI) outlet citing an unnamed DGCA official saying the agency has stepped up its oversight of the under-pressure airline since June 22. “The information…
Do you work at Yellow, ABF or another freight carrier? Tell us about your working conditions and compensation by filling out the form below. All submissions will be kept anonymous. A Yellow Freight/Roadway Express truck travels east on I-70, near Lecompton, Kansas. [AP Photo/Orlin Wagner] The Yellow Corporation, the largest freight trucking company in the…
Dyldam was once a towering force. Its apartments still line the streets and light up the skyline of western Sydney. But for more than a decade, the Dyldam group has left a trail of misery behind it that includes bankrupt businesses, unpaid taxes, tradies denied payment for work they’ve done, suppliers ripped off, and anguished apartment…