UK Court of Appeal overturns Petrofac's restructuring plans due to unfair new money terms – Taylor Wessing
UK Court of Appeal overturns Petrofac’s restructuring plans due to unfair new money terms Taylor Wessing Read the original article here
Austria’s Debt Relief: A Focus on Billions – Vindobona.org
Since the turn of the millennium, Austria has waived debts amounting to around €3.4 billion owed to other countries. This information is based on a recent parliamentary response from the Ministry of Finance, which has drawn particular criticism from the Freedom Party of Austria (FPÖ). According to Finance Minister Marterbauer, Austria is part of international…
Scottish tourist attraction collapses in liquidation after 20 years
Loch Lomond Seaplanes cancelled all its flights and issued a message on its website in April to confirm it had ceased trading. A pop-up message on the website, which is still available, states: “Please be advised that Loch Lomond Seaplanes has ceased trading. If you have tickets or a flight booked then someone will be in touchThe…
The Airline That Went Bankrupt Twice Is Now America’s Largest
American Airlines is proof that failure isn’t final. First founded almost a hundred years ago, in 1926 as American Airways, the company that we know today as American Airlines was created as a merger of more than 80 small air carriers in 1930. The airline revolutionized commercial aviation with early innovations like operating the iconic…
Conduct Of Litigant Can’t Be Considered Bonafide When Fresh Order Is Challenged In Re-Filed Appeal After Curing Defects: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that the conduct of the litigant cannot be considered bona fide when an appeal, re-filed after rectification of defects, challenges a new order different from the…
Insolvency is not the end: Here’s what I’ve learned from mine – EU-Startups
Insolvency is not the end: Here’s what I’ve learned from mine EU-Startups Read the original article here
Darren Campbell: Ballymena ‘brand builder’ who went bankrupt hints at comeback after 70-day break in Bali
Controversial Ballymena businessman (34) travelled to island ‘on advice of AI’ and now claims to have found true self Darren Campbell A controversial businessman who racked up more than £450,000 debts before his company was liquidated earlier this year has hinted at a comeback. Darren Campbell indicated he would be returning thanks to the advice…
Preventing gambling harm in Ballarat
City of Ballarat has committed to advocating for stronger measures regarding the systems and laws that control gambling in Victoria. Gambling Advertising The City of Ballarat has advocated directly to government to support the implementation of the recommendations of the 2023 Report ‘You win some, you lose more’, including the implementation of a comprehensive ban…
Ransomware and data extortion attacks in…
This article was written in partnership with Daniel Woodhouse, Wouter Veugelen, Cameron Morse and Natasha Passley of FTI Consulting. Ransomware and data extortion attacks are unfortunately becoming increasingly common (see for example, high-profile attacks on Canva[1], Latitude Financial[2] and recently the Legal Practice Board of Western Australia).[3] These attacks typically involve a party (commonly referred to as…
Comp Cas: Latest Cases on Company Laws
Stay informed about the latest case laws on Company Law with this comprehensive overview as we delve into the latest cases reported in the Company Cases (Comp Cas), focusing on critical issues such as resolution plan, moratorium, winding up, liquidation and wilful defaulters. (2025) 261 Comp Cas Insolvency and Bankruptcy Laws — Resolution plan —…