New research by ThinCats has found that mid-sized companies that borrow are sixteen times more likely to achieve growth than face insolvency. The data found that companies that borrowed were more likely to achieve growth than non-borrowers, with the level of borrowing proportional to growth potential. Nearly 40% of mid-market SMEs have achieved revenue growth…
Laurie van der Burg is global public finance campaign manager at Oil Change International. Mariana Paoli is global advocacy lead at Christian Aid. Rebecca Thissen is global advocacy lead at Climate Action Network International. While climate disasters intensify across the Global South, another connected crisis is quietly unfolding – one with less media coverage, but…
The Supreme Court‘s ruling in the JSW Steel-Bhushan Power & Steel case has put the spotlight on the slow pace of insolvency resolutions, with legal experts warning that many companies awaiting resolution may now be headed for liquidation. The court, in its May 2 order scrapping JSW Steel‘s acquisition of Bhushan Power & Steel (BPSL),…
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The Supreme Court’s order on Bhushan Power and Steel’s (BPS) insolvency resolution has set back the country’s bankruptcy law. The country’s top court overturned JSW Steel’s bid for BPS six years after it was approved by the National Company Law Tribunal and four years after the National Company Law Appellate Tribunal gave its go-ahead. Meanwhile,…
This is the story of the first Indian insolvency proceeding to be granted recognition by the Singapore Court under the UNCITRAL Model Law on Cross-Border Insolvency (“Model Law”). This recognition, besides facilitating the challenging cross-border asset recovery, has also opened the doors for deeper insolvency cooperation between India and Singapore. What prompted the Resolution Professional…
Liquidators are investigating if a Christchurch restaurant operation owing Inland Revenue an estimated $800,000 has further debts. Bikanervala Christchurch Limited, trading as Bikanervala, appears to have gone under as a result of difficult trading conditions. A first liquidator’s report was put out on Monday, May 5 by Paul Vlasic and Derek Ah Sam from Rodgers…
This article was produced for ProPublica’s Local Reporting Network in partnership with the Tennessee Lookout. Sign up for Dispatches to get stories like this one as soon as they are published. We are continuing to report on flex loans. Have you been sued by Advance Financial, Harpeth Financial or another flex loan lender? To share…
In this blog, which is based on an article published in Tax Journal on 23 April 2025, we consider the appropriate mechanism to challenge decisions taken by HMRC’s debt management team. Introduction In Local Fuel Ltd v HMRC [2025] EWHC 390 (Ch), the High Court considered an application by HMRC to strike out…
In today’s Finshots, we look at how a thousand of crores worth of a resolution plan was tossed out years later and why it could shake the very core of India’s insolvency law. The Story If I told you a steel company collapsed under ₹47,000 crores of debt, you might think it’s one of those…