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    61 delegates attend INSOL Europe's first training course in Romania

    The first Module of the INSOL Europe High Level Course on Insolvency Law in Eastern European Jurisdictions took place from 2 to 4 February 2017 in Bucharest. Emmanuelle Inacio reports.

    EYES on Insolvency Conference Report

    Myriam Mailly, Technical Officer of INSOL Europe reports on the recent one-day international conference in Amsterdam attended by over 250 delegates.

    INSOL Europe helps shape tomorrow’s insolvency laws at UNCITRAL Working Group V (Insolvency Law) 50th session

    INSOL Europe attended the 50th session of the Working Group V held in Vienna from 12 to 16 December 2016 in its capacity as an invited international non-governmental organization (“NGO”) with observer…

    Previously, the government had twice deferred its decision on the teacher academy’s liquidation by merging it with the University of Latvia. The ruling coalition explained the repeated delays by the necessity to receive additional information from the Education and Science Ministry, including in response to Ombudsman Juris Jansons’ criticism of flaws and uncertainties in the decision-making process.Sofia, March 28 (BTA) - Litex Motors, the maker of Great Wall vehicles in Bulgaria, has filed for bankruptcy back in February, says, citing an application of the company's Chief Executive Officer Iliyan Terziev to the Commercial Division of the Sofia City Court.Ulster Bank is to close 22 branches across Ireland. The closures are expected to lead to around 220 redundancies. Five branches in Dublin are to close and four in Cork. Two branches will close in each of Galway, Limerick, Donegal and Cavan. Mayo, Sligo, Monaghan, Offaly and Longford are all to lose one branch.Just a few short years ago Vestas was in real trouble as the company was mired in deficit, market share loss and dwindling employee numbers. But recently it’s been smooth sailing for the Danish wind turbine producer thanks to one of the best turnaround stories in recent years.Ericsson has launched a redundancy procedure for a maximum of 354 of its workers in Italy, including 315 in its telecom unit and 39 in IT Solutions & Services. The lay-offs in the telecom unit include a total of 12 managers, said the company in a statement, adding that it has had no choice but to reduce its workforce to remain competitive and ensure profitability.The administrators of Phone House Netherlands, which filed for bankruptcy last month, announced they have sold 16 of the chain's 64 shops that are still open. More outlets may still be sold. The bankruptcy covered the 70 shops owned directly by the company and its headquarters, while the 74 franchise outlets were not affected.Cash-strapped care home contractors are cancelling deals with councils. Care home companies have cancelled contracts with nearly half of the UK's councils because they were not being offered enough money to break even, according to the BBC. The research also found that one in four home care companies is almost bankrupt.