Keywords: Insolvency
The Fonderie de Bretagne (FDB) has been placed under court-ordered restructuring after entering insolvency proceedings, putting 245 jobs at risk as the company races to secure emergency funding and avoid liquidation. The decision was announced following a hearing at the Lorient Commercial Court, giving......
The Supreme Court of Austria has upheld the fraud conviction of former billionaire René Benko, confirming a two-year prison sentence linked to insolvency-related misconduct in the collapse of his once vast property empire. The ruling marks a significant legal setback for the businessman, whose......
Canada’s largest banks are expected to report higher profits, even as the financial sector faces growing pressure from rising insolvencies, weaker household credit conditions, and a subdued housing market. The country’s major lenders—including Royal Bank of Canada, TD Bank, Bank of......
The Moroccan business sector is experiencing significant turbulence as an estimated 40,000 businesses are expected to close their doors by the end of 2024, according to recent reports from the Moroccan Confederation of SMEs (CMTPME). This dramatic increase in business closures highlights the ongoing......
The Moroccan business landscape is set to face significant challenges in the coming years, according to a recent global report by Allianz Trade. The study, titled "Global Insolvency Outlook: The ebb and flow of the insolvency wave," predicts a substantial increase in business insolvencies across......
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