According to data from MarketWatch, the UK 30-Year gilt – an indicator for long-term borrowing costs – is up 21.2% since the beginning of the year, standing at 5.34% at the time of reporting. Yesterday (7 January), the yield hit 5.212%, surpassing the levels seen in the fallout of Liz Truss’ Mini Budget back in…
PALM BEACH, FLORIDA – JANUARY 07: U.S. President-elect Donald Trump speaks to members of the media … [+] during a press conference at the Mar-a-Lago Club on January 07, 2025 in Palm Beach, Florida. Trump will be sworn in as the 47th president of the United States on January 20. (Photo by Scott Olson/Getty Images)…
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Director of Yorkshire firms given nine-year ban for ‘scheme designed to undermine the insolvency system’ The Yorkshire Post Read the original article here
The extraordinary general meeting was convened in December after it became evident that the company’s equity had plummeted to minus 29.5 billion kronor. Shareholders were presented with two options: to continue operations or to liquidate the company – selling off all assets, settling as much debt as possible, and then ceasing operations. It has now…
The founder of RBG Holdings has said the listed legal services group is “insolvent” and that he would consider suing its board for an allegedly “defamatory’’ statement made to the market as it ousted him from the firm on Wednesday morning. In an escalation of the bitter boardroom battle, RBG announced a consultancy agreement with…
As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with the Insolvency and Bankruptcy Code, 2016. The same are as follows: 1. IBC – Is Dissenting Financial Creditor Entitled To Minimum Value Of Security Interest? Supreme Court Refers To Larger…
In a significant move to enhance the functioning of the National Company Law Tribunal (NCLT), the Ministry of Corporate Affairs (MCA) has appointed 24 Judicial and Technical Members to the tribunal’s Principal Bench in New Delhi. The announcement, made on January 7, marks a strategic step towards expediting corporate dispute resolutions and strengthening India’s corporate…
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Borrowers can start reducing their credit card debt by making select moves this January. FRANCESCO CARTA/Getty Images For many American credit card holders, record-high interest rates are turning routine charges into compounding debt. The holiday season only made things worse — as spending on gifts, travel and celebrations pushed many card balances even higher. But…