News and Insights
PLUTA attorney Fritz Zanker appointed provisional administrator for automotive supplier Allgaier
The Local Court of Göppingen has ordered provisional insolvency proceedings for the assets of Allgaier Werke GmbH based in Uhingen in the federal state of Baden-Württemberg. Mr Fritz Zanker from BTGGA member firm PLUTA Rechtsanwalts GmbH was appointed provisional administrator on 20 June 2023. The automotive supplier continues to operate.
Arbitration – What to expect?
This explanatory overview is directed at businesses or individuals that are contractually drawn into required arbitration proceedings for commercial disputes, but who are unfamiliar with the arbitration procedure. The overview is also helpful for those who wish to consider arbitration as a mechanism for resolving potential or actual disputes.
Risk Watch Essentials – May 2023
Risk Watch from Rodgers Reidy provides a synopsis of the insolvency market in Australia for May 2023 including: During the month of May 2023, 28 companies appointed a Restructuring Practitioner out of a population of around 990,000 small companies in Australia.
Lenders tightening office financing requirements as occupier demand evolves
Lending to the UK office market is becoming much more selective. As banks and debt funds increasingly focus on lending to modern offices and those with a clear pathway to carbon net zero, significant ‘legacy’ office stock is at risk of failure to secure refinancing at upcoming loan maturities.
Airlines ready for bumper summer as travellers look past surging ticket prices for now
European airlines’ summer bookings are strong heading into peak travel season as the post-pandemic desire to travel offsets inflationary pressures reducing consumer purchasing power, higher airline operating costs, and rising ticket prices.
What are the benefits of engaging corporate insolvency experts to assist business dealing with financial distress?
Engaging experienced corporate insolvency experts like Rodgers Reidy to deal with businesses dealing with financial distress can bring several benefits. Sometimes, it is about fairness to creditors, but we can help save businesses in many instances.
What are the Benefits & Consequences of Bankruptcy?
In Australia, bankruptcy, or personal insolvency, is governed by the Bankruptcy Act 1966. Here are some specific considerations for individuals faced with financial distress in Australia who are considering declaring themselves bankrupt.
Banking turmoil turns spotlight on shadow banking sector’s resilience and oversight
The collapse of three US regional banks in the space of one week in mid-March exposed hidden vulnerabilities in the banking sector, from idiosyncratic bank management failures to supervisory lapses. Automotive: Supply chain still under tension
The past year saw a continuation of production bottlenecks amid supply chain issues throughout the industry and the average price of new vehicles continued to climb to new highs in 2022, tempering industry demand.
Electric vehicle sales accounted for a larger piece of the nation’s new vehicle sales as more buyers opted to go green.
Automotive: Caution - rough road
The U.S. automotive industry’s story for 2022 was one of familiar supply and demand challenges. The sector was faced with the ongoing semiconductor shortage, limited new vehicle availability, and tempered consumer demand amid high prices, rising interest rates, and inflationary pressures.
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