Even before Brazil’s insurance regulator, the Superintendence of Private Insurance (SUSEP), ordered the liquidation of Goiás-based Infinite last week, companies operating in the surety insurance market had already begun talks to create a self-regulatory system in what would be an unprecedented initiative in the country. Although Infinite held only around 0.5% market share, the case…
Thousands of Americans with unpaid child support are now facing a consequence that can stop international travel before it begins: passport revocation. The policy has caused confusion because the underlying law has existed for decades. The change in 2026 is enforcement. The U.S. government has moved from blocking passport applications and renewals to revoking valid…
The National Treasury says it is terminating the debt-relief programmes for municipalities that have consistently failed to meet their obligations—and the next move is for them to deal with Eskom. This is according to Finance Minister Enoch Godongwana, who responded to a Parliamentary Q&A on the failure of 61 municipalities in the country to clear…
Liquidators said Green withheld information, changed contact details and indicated plans to relocate overseas. “This non-cooperation limited the liquidator’s ability to fully assess the company’s financial position,” the final liquidator’s report said. The company has since been removed from the Companies Register owing creditors about $187,000. Meanwhile, Scaffold Alchemy Limited director Marcus Kennerley was also…
The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (No. 6 of 2026), which received Presidential assent on 6 April 2026, represents the most comprehensive legislative overhaul of India’s insolvency framework since the Code’s enactment in 2016. By notification dated 22 May 2026, the Ministry of Corporate Affairs appointed 26 May 2026 as the date of…
More people are being declared bankrupt in Singapore, going by the latest official statistics, although their age distribution has largely stayed the same. Personal bankruptcy cases reached 482 in the first quarter of 2026, up from 378 in the same period in 2025, according to data from the Ministry of Law (MinLaw). A spokesperson for…
Russian President Vladimir Putin has signed a decree granting debt relief to new military recruits as Moscow continues its efforts to bolster its armed forces amid Mosow’s invasion of Ukraine. Recruits who have signed a contract after May 1 this year will have debts of up to 10 million rubles (€119,646, $139,273) canceled under the decree. What else does…
Matthew Lee, equity research analyst at Canaccord Genuity, joins BNN Bloomberg to discuss the company’s expectations for banks ahead of earnings. Profits at Canada’s largest banks are expected to have increased despite trade tensions, the Middle East conflict and broader economic uncertainty, but now face tougher tests as more consumers struggle to pay debts and…
Punj Lloyd board to meet on June 1 to approve FY26 results scanx.trade Read the original article here