The stalled construction of Hamburg’s enterprising Elbtower skyscraper has taken a dramatic turn. After months of inactivity following the bankruptcy of the Benko real estate group, a new investor has emerged, offering a glimmer of hope for the project’s completion. The Elbtower, initially envisioned by Austrian developer René Benko’s Signa Prime Selection AG, was projected … Read more
It would be triple better at school. So the susceptibility of Czech companies to bankruptcy is generally not as great as it might seem due to the recent avalanche of bad economic news. But it can be worse, especially in some regions. This follows on from the “strong sustainability index”, which the local branch has … Read more
Just two months ago, the joint-stock company Smetanová cukrárna was boasting cakes made for the presidential couple at the largest agricultural fair of the Earth Breadwinner. The suppliers also believed that the company with a turnover of about half a billion crowns was in good condition, but the reality of the economy is different. The … Read more
Corona aftermath and crisis Number of bankruptcies just shy of record October 9, 2024, 7:05 p.m. Listen to article This audio version was artificially generated. More info | Send feedback Almost 4,000 companies filed for bankruptcy nationwide in the third quarter. That is almost as many as in the record quarter of 2010. The reasons … Read more
Nobody is worried that lawyer Axel Bierbach might not be up to his job as FTI insolvency administrator. On the contrary: those involved in the bankruptcy describe him as absolutely reliable and professional. However, the lawyer attracts attention again due to unfortunate communication… The latest case: During FTI-Vacationers (there are 170,000 bookings) are eagerly waiting … Read more
This is primarily about a factual discussion about the topic of indebtedness and over-indebtedness (e.g. to secure one’s livelihood, foreclosure, consumer insolvency proceedings). We have set up our own forum ‘Self-employed’ for active and formerly self-employed people. How to deal with debt and the resulting personal stress and problems can be found in the sister … Read more
The shelves and counters are empty, the lights are off: the branches of the Laupheim bakery Mäschle have been closed since October 1st. Since April, the traditional bakery had been in self-administration insolvency proceedings, which had been supervised by lawyer Michael Winterhoff as restructuring representative. Got into trouble due to the pandemic “The aim was … Read more
Search for the money Fressnapf founder sues Benkos private foundation September 28, 2024, 12:59 p.m. Listen to article This audio version was artificially generated. More info | Send feedback While many investors have written off their shares in the real estate and trading group Signa, Torsten Toeller is not giving up. The Fressnapf founder is … Read more
Status: 23.09.2024 20:27 Surprising turn of events in the Altes Land: The four remaining quay cranes on the site of the former Sietas shipyard are now being dismantled. As the cultural authority told NDR 90.3, the cranes’ monument protection status cannot be maintained. The reason is that they have already been sold. Only the large … Read more
From VOL.AT Newsdesk – September 23rd, 2024 05:30 (act. September 23rd, 2024 11:59) Rene Benko. ©APA/G. Hochmuth The Swiss private bank Ihag has to close after financial difficulties. The reason for this is considerable losses which – as Swiss media reports – can be traced back to a loan to René Benko’s Signa empire. On … Read more