Denmark
Author: Piya MUKHERJEE, Horten Advokatpartnerselskab, Copenhagen, Denmark
Update: 28 July 2014
Greece
Authors: George B. BAZINAS and Yiannis SAKKAS, Bazinas Law Firm, Athens, Greece
Update: 8 November 2013
Latvia - 2013
Authors: Martins Bunkus and Edvins Draba, Bunkus Law Firm, Riga, Latvia
Update: 29 July 2013
Latvia - 2007
Author: Daiga Saleniece, Insolvency Administration and Deputy Director of the Dept. of Strategic Planning & Elaboration of Normative Acts, Latvia
Source: Eurofenix 2007 Spring Edition
Portugal
Author: Catarina SERRA, Professor of Commercial Law, Corporate Law and Insolvency Law, University of Minho, Braga, Portugal
Updated: 1st July 2014
Swiss private bank, Julius Baer faces credit losses from insolvent Degag Group
As reported by Reuters, Swiss private bank Julius Baer, one of the largest and oldest in Switzerland, is facing significant credit losses from its exposure to the insolvent German property firm, Degag…
Braathens Regional Airlines enters financial reorganisation
Swedish carrier BRA, Braathens Regional Airlines and its subsidiary Braathens Regional Airways have begun a court-approved financial restructuring process, similar to US Chapter 11, to secure the future…
Novo Nordisk to lay off 9,000 workers as new CEO aims to save $1.3B per year by late 2026
The global healthcare company headquartered in Denmark and makers of Ozempic and Wegovy, is undertaking a major shake-up. New CEO Maziar Mike Doustdar announced in September that the company will cut…
Claire’s has collapsed into administration in the UK and Ireland operations, placing more than 2,000 jobs at risk.
On 13 August 2025, Claire’s UK and Ireland operations entered administration, placing over 2,000 jobs and around 300 stores at risk - specifically affecting 306 stores across those regions. Following…
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