The Baltic media group says that its Latvian subsidiary has been hit by an insolvency application filed by a third-party advertising firm (SIA Ekis & Co‑Positioning and Consulting), over a dispute tied to invoicing for advertising services, reportedly about €200,000.

Delfi Latvia is disputing the billing method and consequently taking legal action. The management are insisting that the issue is handled through normal channels, as they say it is a commercial disagreement rather than a financial crisis. They also emphasize it doesn’t materially affect Delfi’s day-to-day operations or broader financial health. In 2024, Delfi Latvia reported €5.5 million in revenue and a €594,281 profit, confirming the subsidiary remains financially stable. 

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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 Redressement Judiciaire - a judicial reorganization process designed to preserve operations, protect jobs, and repay creditors while enabling recovery. In response, Gauzy postponed its third-quarter 2025 financial results, originally set for November 14.

The Tel Aviv based company said it strongly disagrees with the ruling and intends to appeal promptly, though the proceedings will continue during the appeals process. CEO Eyal Peso emphasized that Gauzy has invested over $50 million in its French operations in recent years and considers the court’s decision unwarranted. The firm is working with court-appointed administrators to maintain normal operations and ensure its subsidiaries can meet financial obligations.

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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 still working for the company for 30 days under receivership, but won’t be paid until the New Year - and will not be able to claim social welfare in the meantime. 

Franchise-holders and subcontractors also say they have been left in the dark. The collapse comes ahead of the busy Christmas period, raising fears for thousands of parcels in transit and the viability of small businesses relying on timely delivery. 

The situation has triggered political concern, with calls for urgent clarity on workers’ entitlements and protection of third-party goods caught up in the company’s downfall.

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