Eastern European Countries' Committee News

VW Sounds The Alarm: 'We Must Fundamentally Transform Our Business Model'

Volkswagen CEO Thomas Schäfer recently outlined a ‘fundamental transformation’ of the brand’s business model as rising costs, weaker demand, Chinese competition, and U.S. tariffs put pressure on…

French Label Balibaris Enters Administration to Restructure Debt

The French menswear brand Balibaris has filed for safeguard proceedings (procédure de sauvegarde) to restructure its financial debt. This legal move aims to protect the company while it continues its…

Betz International files for insolvency

In early April, Betz International, a key subsidiary of the historic Willi Betz Group, filed for preliminary insolvency with the Tübingen court. Despite holding a robust order book, the Sonnenbühl-based…

Administrators chase project bank account funds to pay fees

Administrators in a UK construction insolvency case are attempting to access project bank account (PBA) funds to recover money for their fees, prompting debate over the protection of ring-fenced payments…