BlockFi Commences Restructuring Proceeding to Stabilize Business and Maximize Value for all Clients and Stakeholders – Business Wire

Restructuring

JERSEY CITY, N.J.–(BUSINESS WIRE)–BlockFi Inc. and eight of its affiliates (BlockFi or the Company) today commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the Court) to stabilize its business and provide the Company with the opportunity to consummate a comprehensive…

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Kalera Announces Restructuring Process for German Subsidiary – Yahoo Finance

Restructuring

Kalera Inc. ORLANDO, Fla., Nov. 28, 2022 (GLOBE NEWSWIRE) — Kalera Public Limited Company(Kalera or the Company) (Nasdaq: KAL), a vertical farming company headquartered inOrlando, Fla., today announced that the Company has decided to initiate the restructuring of its German subsidiary, Kalera GmbH (f/k/a &ever) through a court-supervised process. Following Kalera PLCs announcement on October…

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CATL Takes Lead in Struggle for Control of Snowway Mining Development – Yicai Global

Bankruptcy

(Yicai Global) Nov. 28 — Power battery giant Contemporary Amperex Technology appears to have taken the lead in the battle to take control of bankrupt Yajiang Snowway Mining Development, which owns the rights to develop a lithium ore mine in southwestern China. CATL has become the first-in-line investor in Snowway and GCL Energy Technology is…

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OJK extends loan-restructuring phase for just three sectors – The Jakarta Post

Restructuring

share this article Share this article Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta Mon, November 28, 2022 The Financial Services Authority (OJK) has extended the loan-restructuring program for certain businesses that it believes still require more time to recover from the COVID-19 pandemic and to withstand a global slowdown next year. Textile and footwear…

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Grand Cinemas’ future uncertain as company enters administration – Bunbury Mail

Liquidation

Film fanatic Christopher Liffers says he’d hate to see the cinema go. Picture – Edward Scown The company which runs Bunbury’s Grand Cinemas has announced they have entered voluntary administration, leaving the future for local movie fans in the balance. One cinema regular, Christopher Liffers, said he was shocked by the news. He’s been visiting…

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Celtic Tiger-era Cork property developer escapes debts of 170 million in court deal – The Irish Times

Bankruptcy

The High Court has approved a personal insolvency deal for former Cork dentist-turned-property developer Barry Harte allowing him to escape Celtic Tiger-era debts of 170 million. Mr Harte applied for a personal insolvency arrangement (PIA) from Mr Justice Alexander Owens through which he will write off legacy debts from his collapsed property portfolio that was…

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