Several German subsidiaries of First Brands Group have filed for insolvency, in a sign that the fallout from the US car parts supplier’s September bankruptcy is rippling through to its foreign operations, Bloomberg News reported. The insolvencies affected entities of automotive supplier Plastic Manufacturing Group, which is owned by First Brands, according to a statement from Schultze & Braun, whose lawyer has been appointed provisional administrator.
Read more
Resources Per Country
- Albania
- Austria
- Belarus
- Belgium
- Bosnia and Herzegovina
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Gibraltar
- Greece
- Guernsey
- Hungary
- Iceland
- Ireland
- Isle of Man
- Italy
- Jersey
- Kosovo
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Macedonia
- Malta
- Moldova
- Monaco
- Montenegro
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Russia
- San Marino
- Serbia
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Ukraine
- United Kingdom
- Vatican City
Ludwig Sandgren, the former owner of GODSENT, has criticised the handling of the esports organisation’s bidding process when finding a potential buyer, Esports Insider reported. The Swedish organisation entered bankruptcy in September due to financial struggles following the loss of a sponsor. On November 3, 2025, Ludwig Sandgren confirmed reports of GODSENT filing for bankruptcy in addition to announcing his departure from the esports industry.
Read more
The Management Board of the National Bank of Ukraine has decided to classify JSC “RVS Bank” as insolvent, Mezha.net reported. According to the regulator’s press service, the corresponding decision was published on 4 November 2025 under No. 398-rsh/BT. It noted that previously the bank had been in the troubled category, but continued risky activities and violated prudential norms, in particular capital adequacy norms. At the same time, the management and owners of a significant stake did not take measures to prevent insolvency.
Read more
Link Building Agency seo2b Taken over by Munich-based Agency rankeffect in the Form of an Asset Deal
The agency group detailM GmbH, which included the affiliate network belboon and the SEO agency seo2b GmbH, most recently employed around 160 people. In April of this year, the group filed for insolvency, according to a company press release. seo2b GmbH, based in Trier, was founded in 2013 and developed over the years into one of the leading agencies in the field of search engine optimization. In 2018, ARCUS Capital AG, together with co-investors, acquired a majority stake in detailM GmbH, which included belboon GmbH and the newly acquired seo2b GmbH.
Read more
The European debt crisis of the early 2010s created an image of a continent cleaved in two: The fiscally responsible core countries led by Germany versus the spendthrift southern periphery of Portugal, Italy, Greece and Spain. Nowadays, there has been a role reversal. Europe’s three biggest economies are stuck in a cycle of weak growth, leading to widening budget deficits. France is the epicenter of this shift and remains mired in a budget and political crisis, while the U.K. is weighing tax rises to try to narrow the gap and avoid spooking markets.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Alex Salmond, the former first minister of Scotland and a towering figure in the country’s political landscape, saw the final chapter of his life marked not only by courtroom battles but also by a profound financial reckoning. Now, just a year after his death, his estate is seeking sequestration — the Scottish legal term for bankruptcy — brought on by the immense costs incurred during his tumultuous legal journey, the Grand Pinnacle Tribune reported.
Spanish black olive exporters have called on the EU to hit back at steep tariffs imposed under U.S. President Donald Trump, using powers authorised last week by the World Trade Organization, Reuters reported. On Wednesday, a WTO arbitrator issued a decision that allowed the EU to take countermeasures worth up to $13.64 million a year in the long-running dispute over ripe olives. It also opened the way for the EU to get WTO clearance to retaliate further if Washington imposes countervailing duties in the future.
The number of corporate bankruptcies in Switzerland has reached a record level, Blue News reported. According to a recent analysis by Dun & Bradstreet, 6,274 insolvency proceedings have been opened since the beginning of the year, an increase of 40 percent compared to the previous year. Parallel to the bankruptcies, the number of newly founded companies rose by 4 percent. In addition to the challenging macroeconomic environment, the increase in insolvencies is related to a change in the Debt Enforcement and Bankruptcy Act (SchKG), which came into force on Jan. 1, 2025.
Amid challenging conditions in the local food industry, Utrecht-based startup Lokalist has been declared bankrupt, ceasing its operations after a five-year journey, Cointurk Finance reported. Known for its innovative approach in directly linking farmers and producers to consumers, Lokalist had initially gained traction for promoting a shorter food supply chain. Despite its efforts to create a fairer system for farmers and a closer connection to customers, the company faced insurmountable hurdles, culminating in Tuesday’s bankruptcy declaration by the Midden Nederland District Court.