Despite the health crisis and the significant drop in the volume of transactions, property prices, smoothed over the year, continue to increase significantly. As for the rents, they are “resisting”. It remains to be seen whether this trend will continue in the face of an economically and socially turbulent fall. Analysis. – Now is the … Read more
DGermans fell for a huge fraud. Until June 18, Wirecard was considered a beacon of hope for the economy, which had made it into the German share index Dax. The group was worth twelve billion euros. The payment service provider filed for bankruptcy on Thursday. Wirecard is now worth 176 million euros. It is now … Read more
The DPR, which is organized under private law, controls the balance sheets on behalf of the state and, according to the ministries, has failed in the case of Wirecard, writes the “Bild am Sonntag”. At the DPR, no comment was initially available. According to the DPR, the Federal Financial Supervisory Authority (Bafin) had advised in … Read more
Berlin The district court in Munich was chosen by a man from the front row of German insolvency administrators: Michael Jaffé (56), as an expert, is to prepare the expert opinion on Wirecard AG’s insolvency application. This gives the Munich lawyer good chances of being appointed as the Group’s provisional insolvency administrator. Over the past … Read more
After Avianca Holdings filed the application to file for Chapter 11 of the United States Bankruptcy Code, its managers noted that the process could take 12 months. However, those who know about these processes explain that the time may be longer, since it is not only about reorganizing the operation of the company, but also … Read more
The firm Altares published on April 29, 2020 its study on business failures and backups in France at 1er quarter 2020. The situation seems, at first glance, paradoxical. Indeed, the collapse of economic activity would suggest that companies are going bankrupt one after the other. However, according to the study by Altares, 11,500 business failures … Read more
2.04.2020 00:35 (Act 2.04.2020 00:35) – – – Restaurant chain Vapiano insolvent © APA (dpa) – – – The management board of Vapiano SE decided on Tuesday to file an application with the competent district court in Cologne for insolvency proceedings due to insolvency. The German restaurant chain announced in a broadcast that it would … Read more
economy Drastic drop in revenue Restaurant chain Vapiano is insolvent – – Status: 11:36 a.m. | Reading time: 2 minutes Federal government plans direct grants for companies – – It is not spilled, but padded to prevent the economy from crashing. The ECB wants to buy bonds for 750 billion euros. The federal government provides … Read more