Insolvency board IBBI on Tuesday issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework. The IBBI has invited public comments on the discussion paper…
A Luxembourg court ordered Life insurance company FWU Life Insurance Lux into liquidation on Monday after several years of protracted troubles for the company. Also read: Luxembourg life insurer insolvency puts 30,000 pensions at risk The Luxembourg insurance supervisory authority, the Commissariat aux Assurances (CAA), fined the company €200,000 in August 2024 for “deficiencies detected…
New Delhi, Feb 4 (PTI) Insolvency board IBBI on Tuesday issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework. The IBBI has invited public…
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Christchurch-based medicinal cannabis company liquidated owing $9m The Press Read the original article here
New Year hangover: company liquidations jump in January The Press Read the original article here
The first full year of the post-COVID-pandemic era was characterized in the United States by continued economic recovery, persistently high consumer interest rates—despite three cuts in the benchmark federal funds rate in 2024, low unemployment, lower but still stubborn inflation, supply-chain disruptions caused by overseas conflicts, changing consumer spending preferences, the persistent malaise of the…
Ethereum, the second-largest crypto by market capitalization, fell by double digits overnight to lows of $2,368 in the early hours of Monday, following U.S. President Donald Trump’s new tariff announcements. At time of publication, Ethereum is trading at $2,544, down 17.8% on the day, according to data from CoinGecko. Across the broader crypto market, Ethereum…
Royal Stafford based in the Royal Overhouse Manufactory, one of the oldest pottery factories in Burslem has collapsed into liquidation. The Stoke-on-Trent pottery business employed some 70 people. The Royal Stafford brand was established in 1845 and the firm described itself as one of the handful of potteries with all production taking place in England.…