Nigerian President Bola Tinubu has agreed in principle to write off 30 percent of domestic airlines’ debts to aviation agencies to stabilize the country’s aviation sector. The move follows high-level talks with airlines, which had warned they would halt operations due to soaring jet fuel prices. “No airline in this country will fly in the…
In a significant verdict, the Supreme Court on Tuesday ruled that liabilities arising from corporate guarantees squarely constitute ”financial debt” under the Insolvency and Bankruptcy Code (IBC). A bench comprising justices P S Narasimha and Alok Aradhe upheld the validity and enforceability of corporate guarantees and recognised a consortium of banks led by State Bank…
In a significant ruling, the Supreme Court of India held that liabilities arising from corporate guarantees qualify as “financial debt” under the Insolvency and Bankruptcy Code ( In a significant verdict, the Supreme Court of India on Tuesday ruled that liabilities arising from corporate guarantees squarely constitute “financial debt” under the Insolvency and Bankruptcy Code…
US-based Air T will become the new owner of Regional Express Holdings after a second meeting of creditors voted in favour of a deed of company arrangement to keep the airline’s regional operations in the air. Creditors met via videolink this afternoon and voted in favour of the deal, which is expected to see REX…
A family-owned Australian mattress manufacturer has collapsed into voluntary administration. A family-owned Australian mattress manufacturer has collapsed into voluntary administration after 126 years in business in what has been described as a “sad day for the industry”. Peter Lucas and Damien Lau, from P.A Lucas & Co, have been appointed joint administrators of the A.H.…
Restaurant owner Lee Fook Kheun argued that recovering gambling debts disguised as credit facilities was unenforceable under Malaysian law. (File pic) PETALING JAYA: The High Court in Ipoh has dismissed a Singapore casino’s petition to bankrupt a restaurant owner for his alleged failure to settle a RM26 million debt, ruling that the claim is not…
Amber Beverage Group has initiated judicial reorganization proceedings in Luxembourg to secure a moratorium on its debt obligations as of April 27, 2026. The spirits producer seeks an amicable agreement with creditors following liquidity challenges stemming from its primary production unit and geopolitical factors, as reported by Detik Finance. The District Court of Luxembourg granted…
SC Dnipro-1 officially ceased to exist, the club was sent to liquidation Andrii Vodianyi Senior editor Dnipro-1 players before the UEFA Conference League match in 2022 (Photo: EPA/PETER LAZAR)… Read the original article here
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On 18 March 2026, the European Commission presented its proposal for EU Inc., an optional, digital-by-default European corporate framework designed to sit alongside existing national company frameworks as the cornerstone of the EU’s 28th regime. It provides for simple and efficient corporate rules and procedures covering the full lifecycle of a company, from registration through…