Fisker, an electric vehicle startup based in Manhattan Beach, is currently grappling with severe financial challenges and legal entanglements that have led the company to file for bankruptcy protection. As the company seeks to navigate these difficulties, it faces additional hurdles due to multiple
In a monumental celebration marking two decades of trailblazing achievements, Prognosys Solutions commemorated its 20th anniversary on September 20th. Founded in January 2004 by Elias Afxentiou, the company has evolved into a dominant force in the regulatory reporting sector in Cyprus and expanded
Bankruptcy. The term itself can send shivers down the spine, conjuring images of financial disaster and ruined credit. Yet, it can also be a powerful tool for recovery, offering a structured path out of insurmountable debt. By diving into this multifaceted topic, we unravel what bankruptcy means,
The European Commission has issued a stern warning to Bulgaria, citing its failure to fully implement various EU laws. These laws cover a wide range of issues from combating racism and xenophobia to ensuring the rights of the accused during arrest, adherence to noise directives, and the procedures
A recent amendment to China's Company Law mandates the inclusion of at least one Chinese employee on the board of directors for all Chinese companies with over 300 employees, including subsidiaries of foreign parent companies. This new requirement, effective from the date of the amendment,
The recently released 2024 Bankruptcy, Insolvency & Rehabilitation Guide by the International Lawyers Network (ILN) serves as an indispensable resource for legal practitioners facing the multifaceted challenges of insolvency disputes. This comprehensive guide digs deep into the most recent
