INSOL Europe Committee Chairs

​Gauzy stock plummets after French subsidiaries enter insolvency

Gauzy Ltd. saw its shares drop 48.5% in premarket trading after revealing that three of its French subsidiaries have entered insolvency proceedings. On November 13, the Commercial Court of Lyon initiated…

Couriers in limbo after Fastway receivership

Couriers and staff at Fastway Couriers in Ireland are in limbo following the company’s entry into receivership. Workers protested outside the depot at Greenogue, Co Dublin, having been told they are…

Airbnb rival Sonder Holdings to file for bankruptcy after Marriott ends partnership

Sonder, a short‐term rental company once valued at nearly $2 billion, is filing for Chapter 7 bankruptcy and liquidating its U.S. operations after its partnership with Marriott International collapsed.…

Romania agrees to sell separately core assets of Liberty Galati steel mill

The Romanian government, the principal creditor of the financially distressed Liberty Galati steel mill (part of Liberty Steel Group), has reversed its stance and agreed to sell the company's core assets…