Written by Cludio Afonso | [email protected] | LinkedIn | X Fisker GmbH, the Austrian entity of Fisker, announced on Tuesday its voluntary filing for a restructuring proceeding via self-administration under the Austrian Insolvency Code. Its relevant to highlight that the other entities are not involved in the Austrian restructuring proceeding and continue to operate normally. NEVER MISS AN UPDATE The…
DetailsThe financial downfall of UK greenhouse company UK Salads Limited (UKSL) was triggered by a series of significant challenges, resulting in the company owning its creditors almost 18m when it went into administration. This is revealed by the recently published Statement of administrator’s proposal. In December 2022, the company’s largest client rejected a substantial number…
DetailsChartered accountant Lorcan O’Connor has joined the Insolvency Service Board as non-executive member Mr O’Connor was the founder of the Insolvency Service of Ireland (ISI) and led the organisation for seven years He joined the UK Insolvency Service Board on 2 April and was inducted on 2 May 2024 Lorcan O’Connor, founder and former leader…
DetailsRecent reports from tech publication Electrek revealed that electric vehicle manufacturer Tesla has initiated layoffs within its software, service, and engineering departments. This move comes in suit with the company’s announcement last month of a global workforce reduction exceeding 10 per cent, which included the dissolution of its electric vehicle charging division. Sources familiar with…
DetailsBonza will ground its entire fleet until later this week pending discussions on whether the budget airline will be able to operate during its voluntary administration period. ASIC documents show the low-cost carrier, which was founded in late 2021 and only began flying last year, is now in external administration. Administrators Hall Chadwick said the…
DetailsThe business restructuring relief program under UAE’s corporate tax regime offers a wide scope for entities wanting to sign up. Image Credit: Vijith Pulikkal/Gulf News The UAEs economic growth coupled with the introduction of a competitive corporate tax regime is resulting in transformations across industries. We are seeing an increase in mergers, acquisitions and hive-offs.…
DetailsMore than three million Australians are expected to have their student debt cut in the federal budget as a part of measures to ease cost of living pressures. Education minister Jason Clare said the decision would wipe about $3 billion in higher education loans, after loans increased by 7.1 per cent last year as a…
DetailsModel and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
DetailsModel and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
DetailsA federal jury has found a 54-year-old Tampa man guilty of using $500,000 in COVID relief funds to pay off gambling debts and his girlfriends credit cards. Barrett Purvis faces 20 years in federal prison when he is sentenced Aug. 12. He was convicted of money laundering and wire fraud. Unlike many of the fraud…
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