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…
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…
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…