Insolvency

Telefónica's Peruvian Unit Faces Insolvency Following Unsuccessful Sale

3 months ago

In a shocking turn of events, Telefónica’s subsidiary in Peru has officially announced its insolvency after attempts to sell the business unraveled. This development marks a significant challenge for the telecommunications giant, which has been active in the Peruvian market for decades.

Germany Steps In to Absorb $600 Million Northvolt Debt Following Insolvency

6 months ago

In a significant financial maneuver, Germany has agreed to take on approximately $600 million in debts associated with Northvolt, the Swedish battery manufacturer that recently declared insolvency. This decision marks a crucial intervention by the German government in a developing crisis in the European battery supply chain, which has seen increasing pressure amidst rising production costs and supply chain challenges.

Supreme Court Blocks Byju's Settlement, Shifts Focus to Insolvency Proceedings

7 months ago

In a significant turn of events, the Indian Supreme Court has rejected a proposed settlement plan put forth by Byju's, one of the nation's largest edtech companies. This ruling is poised to catalyze a strategic shift in the company's ongoing financial troubles, potentially leading to insolvency proceedings that could reshape its business landscape.