The insolvency landscape: 2025 mid-year review and beyond

As we reach the midpoint of 2025, Australia’s insolvency landscape remains challenging, shaped by persistent economic pressures, regulatory shifts, and global uncertainties. While some sectors exhibit resilience, others continue to grapple with financial distress. Looking ahead to 2026, cautious optimism prevails, tempered by a recognition that recovery will hinge on a range of domestic and…

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UK’s Lindsey oil refinery insolvent, 420 jobs at risk

LONDON (June 30): Britain’s Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country’s reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil. Lindsey is one of six remaining oil refineries in Britain, according to the US Energy Information Administration, and employs around 420…

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