Its been a real tough month for the few but extremely innovative solar EV companies out here. Having just announced a shifting of its business strategy and a request to suspend all payments to its operating company, Lightyear has officially declared bankruptcy. Sono Motors flagship solar EV, the Sion, is staring down a similar barrel,…
Receive free UK business & economy updates Well send you a myFT Daily Digest email rounding up the latest UK business & economy news every morning. Close to 100 companies that took money from the state-backed Future Fund have gone bust, highlighting the risks of the Covid-19 support scheme designed to protect promising tech and…
India and Asia’s richest Gautam Adani’s net worth plunged significantly in just a day after a sharp fall in bonds and stocks of the seven listed Adani group companies that fell between 3% and 7% yesterday after Hindenburg Research, published a report on Adani Group, stating that it is presenting evidence that the Group has…
Atlas Technologies B.V.,the company responsible for the production of the solar car Lightyear 0, has been declared bankrupt. Earlier this week, a moratorium had already been filed. Atlas Technologies Holding B.V., which holds the IP rights, and Lightyear Layer B.V. are not in scope of the suspension of payments proceedings of Atlas Technologies B.V. In…
Crown Van Gelder B.V. has been declared bankrupt by the District Court of Noord-Holland with its financial difficulties partially attributed to the high costs of energy and raw materials. The company is a producer of paper for such applications as ice cream packaging, luxury shoppers, and High Speed Inkjet printers. It possesses two paper machines…
Lostock Sustainable Energy Plant (LSEP), a joint venture between Copenhagen Infrastructure Partners (CIP) and FCC Environment, announced the appointment on 25 January. The appointment of US construction company Black & Veatch comes after the previous contractor, French-owned CNIM, lost the deal after it was declared insolvent and entered administration in January 2022. LSEP has also…
Breadcrumb Trail Links Investor Peter Hodson: A bankruptcy is devastating, but it would be a mistake to let it put you off investing for good Xebec Adsorption Inc. was a a once-popular $1.4-billion company in the clean-energy space that surprised many investors by filing for bankruptcy protection last September. Photo by Pierre Obendrauf/The Gazette Article…
News story The website for the 2022 Forward Thinking conference has been updated with the videos of the sessions from the day. Building on the success of 2021, the Forward Thinking conference returned in 2022 and was hosted by Nottingham Trent University. The conference theme was insolvency response in uncertain times, with a number of…
Mathius Thompson, 33, from Birmingham, Moira Wood, 47, from Lightwater, Guildford, and Ioan Adrian Mociar, 35, from Harrow have been banned for a total of 30 years after separate investigations found they had abused the Bounce Back Loan scheme during the Covid-19 pandemic. Mathius Thompson was the sole director of West Midz Cars Ltd in…
FRANCEs Economic, Social and Environmental Council (CESE) has released a draft opinion calling for the legalisation of cannabis. On Tuesday, January 24, 2023, during a plenary assembly, CESE revealed its draft opinion based on ten months of research and hearings, Newsweed.fr reported. The document, dubbed Cannabis: moving away from the status quo, towards regulated legalisation,…