According to reports from the German press, Triwo AG from Trier has won the contract to take over Frankfurt-Hahn Airport (HHN). Peter Adrian, the CEO of Triwo AG, confirmed the information to the Trierischer Volksfreund. The airport was declared bankrupt in October 2021, four years after the German state transferred its 82.5% stake to the…
Lightyear, a Netherlands-based startup, has resumed its business as a new firm with a substantially smaller crew months after officially declaring bankruptcy but claiming to continue development of its mass-market solar EV, the company announced. According to a press release issued today by the startup, it has completed a restructuring plan that has pleased all…
Sievi Capital PlcPress Release 4 April 2023 at 11:00 am EESTNew owner to continue the rescue lift business of Sievi Capital’s target company Nordic Rescue GroupNordic Rescue Group’s (NRG) subsidiary Vema Lift Oy was declared bankrupt in December 2022, and its business has been sold to a new owner, which will continue the rescue lift…
Sievi Capital PlcPress Release 4 April 2023 at 11:00 am EEST New owner to continue the rescue lift business of Sievi Capital’s target company Nordic Rescue Group Nordic Rescue Group’s (NRG) subsidiary Vema Lift Oy was declared bankrupt in December 2022, and its business has been sold to a new owner, which will continue the…
Days after the collapse of Silicon Valley Bank, the financial group’s UK arm is set to be declared insolvent. The Bank of England said that eligible depositors would be paid by the UKs deposit-insurance fund. According to an official statement, the UK’s finance minister has spoken to the governor of the Bank of England about…
LawFlash March 14, 2023 US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March…
Mar 31, 2023 5.00am Investors who tipped in $11.4 million earmarked for residential property projects are being left largely empty-handed after property developer Greg Shaw was declared bankrupt on Thursday. More than 130 investors tipped $14.1 million into projects across NSW, Queensland and Victoria after a marketing blitz run by self-styled property mogul Sasha Hopkins…
A Personal Insolvency Arrangement has been approved by the High Court which allows a former Fianna Fil councillor and General Election candidate to write off over 4.4 million in debt. The PIA was approved in respect of Thomas ‘Eddie’ Mulligan, who will contribute a sum of just over 9,000 to his creditors, which are mostly…
Monday, April 3, 2023 The Insolvency Practice Schedule (Corporations) (Practice Schedule) was introduced in 2015 via the Insolvency Law Reform Bill 2015. The Practice Schedule was introduced together with the Insolvency Practice Schedule (Bankruptcy) with the intention of providing specific rules to aid in the handling of personal bankruptcies and corporate external administration. The Practice…
Information for customers, creditors and others of DE Clinics UK Limited in provisional liquidation. On 30 March 2023, following an investigation by Company Investigations of the Insolvency Service, a provisional liquidation order was made against DE Clinics UK Limited, which traded as TDE The Dental Experts from 60 Harley St, London. The company is no…