BRIEF-Joyou says insolvency application to be filed
May 22 Joyou AG : * Said on Thursday management board decided to file an application for the opening of insolvency proceedings with the competent local court of Hamburg following the existing over-indebtedness of the company. * Said auditors have …
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The “bitter bidder”: late bids in insolvency sales processes
An insolvent entity will often have one or more businesses that, once separated from the insolvent organization or cleansed of their existing liabilities, is quite attractive acquisition targets. For this reason, insolvency of a commercial enterprise …
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