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On 27 July 2026, the UK Supreme Court held unanimously in Drelle v Servis-Terminal LLC [2026] UKSC 29 that an unrecognised and unregistrable foreign judgment for a debt or definite sum of money can constitute a “debt” for the purposes of section 267 of the Insolvency Act 1986, so that a creditor can present a…
This influx of closures has left holidays cancelled and customers seeking refunds and compensation in several cases. Oxfordshire Travel Limited, which ran coach and passenger land transport services and was initially based in Yarnton near Kidlington, entered creditors’ voluntary liquidation on October 30, 2025, after directors concluded it could not continue trading or meet its…
A travel platform specialising in ski trips has entered liquidation (Picture: Dani Berszt/Shutterstock) 2026 has seen a string of travel companies — in the UK and beyond — enter administration. Now, another firm has joined the club after eight years in business, resulting in the cancellation of all of its holiday packages. Norwich-based SkiYodl Ltd…
85-year-old distiller escapes partner bankruptcy just in time thestreet.com Read the original article here
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
Trusted charity worker stole £46,000 meant for North East good causes to fund gambling app habit Chronicle Live Read the original article here
The bankruptcy case was initiated by electronics retailer DNS, which claimed the company owed more than 600 million rubles (about $7.6 million). Another 24 creditors later joined the proceedings. The total claims against Kvant reached nearly 4.15 billion rubles (about $53 million). Major creditors include entities affiliated with Yandex and Sberbank, as well as Sitronics…
As ever, the 1970s loom large. The economic and political trauma of those years has cast a long shadow over economic policymakers and commentators, and some are wondering whether we are in for a return. There are of course some superficial similarities: then as now, accommodative fiscal and monetary policies preceded a period of elevated…