New Delhi, Aug 12 (PTI) The government on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law, proposing a raft of amendments, including an out-of-court mechanism to address genuine business failures, group and cross-border insolvency frameworks. Besides, provisions have been proposed to reduce the time taken for admission of insolvency resolution applications,…
Switzerland: 107-year-old health insurance company goes bankrupt, affecting over 9000 citizens NEWS Express newspaper 12/08/2025 18:00 Zug-based health insurance company Klug has declared bankruptcy and will cease operations at the end of the year. The news was confirmed on Tuesday by the company, which has a 107-year history and counts around 9,300… Read the original…
Switzerland: 107-year-old health insurance company goes bankrupt, affecting over 9000 citizens NEWS Express newspaper 12/08/2025 18:00 Zug-based health insurance company Klug has declared bankruptcy and will cease operations at the end of the year. The news was confirmed on Tuesday by the company, which has a 107-year history and counts around 9,300… Read the original…
Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has been referred to a select committee, which will make a report by the first day of the Winter Session of the Parliament. The…
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A quiet reshuffling of budget lines in several Russian regions is revealing how the Kremlin is using a federal debt write-off programme to subsidise military recruitment, according to Janis Kluge, fellow at the Stiftung Wissenschaft und Politik (SWP), Eastern Europe and Eurasia Group. In mid-June, Tomsk Oblast cut its official spending on “payments to citizens…
Liquidators of China Evergrande Group – the world’s most indebted property developer – said on Tuesday they have sold about $255 million of its assets. After a year and a half of China’s largest debt liquidation process, the liquidators said in a filing that they have taken control of more than 100 of the…
Government lines up insolvency firm in case of Thames Water collapse London Evening Standard Read the original article here
Debts of nearly £30m likely to be unpaid William Telford Business Editor 14:50, 12 Aug 2025 Burrington Estates’ Maer View housing development in Bude, Cornwall(Image: Google) A major Devon-based housebuilder has gone bust with debts of nearly £30m likely to be unpaid. Exeter-headquartered Burrington Estates Group Ltd has entered liquidation with creditors given until the…