Backdated group agreements and their role at SAFIR, ZENIQ – and now at VOO Pledged code, tied-up profits, outsourced risk – not an isolated case? What at first glance appears to be a normal development loan between VOO AG (formerly Zeniq Corporation AG) and VOO Aviation Service GmbH, on closer inspection fits into a familiar […]
While the insolvency proceedings for VOO Aviation Service GmbH and VOO flights GmbH are underway in Austria, a previously overlooked construct is increasingly moving into focus: Aviation VOO SCE, a European Cooperative (SCE) based in Graz. It is legally distinct from the insolvent limited liability companies (GmbHs) – and this very separation is the key […]
Account blocks and abrupt terminations of business relationships are often difficult for those affected to understand. It often remains unclear what data was used, what checks were carried out and whether external parties were involved. A recent, legally binding ruling by an Austrian court now clarifies that anyone who processes personal data must provide comprehensive […]
Sam Tan, who appeared in recent calls in the Blocktrade environment, is also the acting Chief Executive Officer of BioNexus Gene Lab Corp. Against this backdrop, the calls also referred to a large-volume financing agreement between the ARC Group and BioNexus. The publicly announced figure of up to $500 million gives the impression of considerable […]
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