Between 2017 and 2022, 11 property & casualty insurers domiciled in Florida were declared insolvent and placed into liquidation. In an attempt to restore stability to the marketplace, Governor Ron DeSantis issued a proclamation on April 26, 2022, calling the Florida Legislature into special session to reform Floridas Insurance Code. While the ensuing May special…
A new contractor has been appointed to constructa controversial Northwich incinerator after the previous builders collapsed. The Guardian reported last January howCNIM – a UK subsidiary of the engineering contractor working on theLostock Sustainable Energy Plant (LSEP) was declared insolvent and entered administration. In response, LSEP Ltd took over CNIMs subcontracts for aspects of the…
Netherlands Lightyears operating company, Atlas Technologies B.V., has filed for suspension of payment proceedings, which was granted by the Rechtbank Oost-Brabant in the Netherlands. On January 23rd, the court declared Atlas Technologies B.V. bankrupt and appointed Mr. R. van Oeijen from Holla legal & tax as trustee. Lightyear has expressed regret over the situation and…
Solar EV startup Lightyear has announced that Atlas Technologies, its operating company responsible for the production of solar cars, has been declared insolvent by a Dutch court. Obviously, this spells uncertainty for the future of Lightyear, which announced a week ago that production of the Lightyear 0 was suspended six weeks after it started. The…
1xBet, a bookmaker tied to many esports organizations, has responded after reportedly being declared bankrupt by the Dutch Supreme Court in the Netherlands. The news was originally reported by Josimar but is vehemently denied by 1xBet. In June 2022, Josimar reported that 1xCorp, the alleged parent company of 1xBet, had been declared bankrupt by Curacao,…
The RBAs latest growth forecasts indicate a further weakening in GDP growth and increasing interest rates. This will result in many companies, already diminished by two years of severe commercial disruption borne of COVID-19 impacts, facing continuing financial challenges. These are poised to increase due to the worsening economic climate, creating several headwinds for companies…
1xBet, a bookmaker tied to many esports organizations, has responded after reportedly being declared bankrupt by the Dutch Supreme Court in the Netherlands. The news was originally reported by Josimar but is vehemently denied by 1xBet. In June 2022, Josimar reported that 1xCorp, the alleged parent company of 1xBet, had been declared bankrupt by Curacao,…
LOSTOCK, England – Lostock Sustainable Energy Plant Ltd (LSEP Ltd) has appointed global engineering, procurement, consulting and construction company Black & Veatch as the engineering, procurement and construction management (EPCM) contractor to support LSEP in delivering its Energy from Waste facility at the Lostock Works site near Northwich. Clean energy technology specialist, Babcock & Wilcox,…
Atlas Technologies, the operating company responsible for the production of the Lightyear solar cars, has now been declared insolvent by a Dutch court. What will happen to the entire project is now very uncertain. A few days ago, Lightyear had already announced the stop of production for the Lightyear 0 in order to concentrate on…
Katie Price declared bankruptcy in 2019 and she’s spoken about the challenges ahead while admitting that being in difficult times has opened up her eyes on the people she can trust Katie Price says her financial difficulties has opened her eyes on the people she can trust ( Image: Katie Price/Instagram) Katie Price has opened…