Hasan Nawaz declared bankrupt by London court

Hasan Nawaz Sharif, son of PML-N supremo Nawaz Sharif, has been declared bankrupt by the London High Court in a tax and liability case filed by the United Kingdom’s tax and revenue department, according to official court documents. The UK Gazette, which maintains public records, states that Hasan, a resident of Flat 17 Avenfield House,…

Federal High Court launches insolvency unit

The Federal High Court of Nigeria has established an Insolvency Unit to modernise and update insolvency practice and proceedings in the country. The unit was created by the Chief Judge of the court, Justice John Tsoho, as part of concerted efforts to ensure that the court meets the expectations of all aspects of the law…