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 had raised 117m in September 2021 in an effort to expand as it rode a boom in the e-bike sector after the Covid pandemic prompted people to…
DetailsPhil Mickelson is one of the most successful golfers in the world. His enchanting golf career has helped him gain success and added an enormous amount to his bank account. However, the golfer once was in debt. Last year, Alan Shipnuck released a biography of Mickelson titled, “Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s…
DetailsRestructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
DetailsVanMoof has been declared insolvent. According to the latest report by The Verge, the court in Amsterdam has withdrawn the so-called suspension of payments order and said the e-bike brand is bankrupt in what appears a rather abrupt manner. The news comes only days after the first reports of VanMoof facing severe difficulties appeared. Insolvency…
DetailsRestructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
DetailsThe number of businesses being wound up has increased again as firms are hit by the withdrawal of COVID-era support, higher interest rates and dwindling consumer spending. The level of business insolvencies is higher than pre-pandemic times and when the state was supporting businesses throughout the COVID-19 years, figures from the Insolvency Service show. Registered…
DetailsCompany insolvencies in England and Wales jumped by 27 per cent in the year to June amid rising borrowing rates and broader economic weakness. Some 2,163 companies were declared insolvent in June, which is up from 1,698 at the same time last year, fresh data from the Insolvency Service published by the Government on Tuesday…
DetailsAMSTERDAM (AP) Dutch bicycle maker VanMoof has been declared bankrupt, slamming the brakes on a company that won design awards for its stylish, minimalist electric bikes but struggled to meet soaring demand and fix glitches with the app powering its service. The Amsterdam-based company, started in 2009 by brothers Taco and Ties Carlier, posted a…
DetailsRestructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
DetailsAMSTERDAM — Dutch bicycle maker VanMoof has been declared bankrupt, slamming the brakes on a company that won design awards for its stylish, minimalist electric bikes but struggled to meet soaring demand and fix glitches with the app powering its service. The Amsterdam-based company, started in 2009 by brothers Taco and Ties Carlier, posted a…
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