329 corporate insolvencies were recorded in Ireland in the first half of the year, new figures from Deloitte show. This is up 30% on the same time last year, when 253 insolvencies were recorded. 186 corporate insolvencies were recorded in the second quarter of the year, up 30% on the previous quarter. These figures represent…
DetailsA total of 329 corporate insolvencies were recorded during the first half of the year, an increase of 30% from the same period in 2022 (253), according to Deloitte. Insolvencies also increased on a quarterly basis, jumping from 143 in the first quarter to 186 in the second quarter, the highest recorded level since Q1…
DetailsBusiness News Industry People Labels & Publishers Top Stories By Andy Malt | Published on Wednesday 26 July 2023 Following the news that Utopia Musics UK R&D company has called in the liquidators, CMU has now confirmed that the groups Finnish R&D company Utopia R&D Tech Finland OY has also been placed into bankruptcy. Utopia…
DetailsScottish corporate insolvencies rose by 19.7% in the first quarter of this year – to a total of 292 – when compared to the same period last year, while personal insolvencies rose 2.9%. New data from Scotland’s insolvency service Accountant in Bankruptcy (AiB) showed that corporate insolvency numbers in Scotland also increased by 21.7% when…
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DetailsWYNYARD, UK, July 26, 2023 /PRNewswire/ — Venator Materials PLC (“Venator” or the “Company“) (OTC: VNTRQ), a global manufacturer and marketer of chemical products, today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the “Court“) has confirmed the Company’s Plan of Reorganization (the “Plan“). Simon Turner, President and Chief Executive Officer of Venator, said: “We…
DetailsJuly 25 (Reuters) – Jack Ma-backed Ant Group (688688.SS) is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Alibaba Group (9988.HK) affiliate is looking at excluding its blockchain, database management services and international businesses from a…
DetailsThe insolvency restructuring market in China is undergoing significant transformations in terms of legislation, judicial practice and law enforcement. The momentum of these changes accelerated notably in 2022, propelled by a combination of factors, including: The persistent macroeconomic environment; Chinas pandemic prevention and control policies; and The governments heightened emphasis on optimising the business environment.…
DetailsCorporate insolvencies have risen by almost a third with 329 businesses closing their doors in the first six months of 2023. According to the latest insolvency statistics by Deloitte, the figure points to a return to 2019 levels, prior to the implementation of government supports for businesses during the pandemic. In addition, the increase in…
DetailsNick Pike The new owner of Purplebricks has appointed restructuring specialist Nick Pike to its board of directors. The intention to appoint an additional director to the board of the company, to assist Dominique Highfield, and to provide additional experience in business transfers and company dissolutions, was stated in the Companys Circular to shareholders dated…
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