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PANDION’s Insolvency Web Spreads to 11 Project Companies as Bondholders Scramble for Clarity

The distressed-debt market is watching PANDION with growing unease as the Cologne-based property developer’s restructuring effort fragments into a patchwork of parallel court proceedings. Eleven project companies — spanning Stuttgart, Cologne, Berlin and the Siebengebirge region — filed for insolvency last Thursday, pulling individual development vehicles into the process alongside the parent group that sought…

Tierra del Fuego governor launches debt relief plan, breaking with Milei’s austerity

Tierra del Fuego Governor Gustavo Melella launched a debt relief program on September 1, 2026, offering lower interest rates and extended payment terms to families struggling with credit card and personal loan obligations. The initiative marks a sharp divergence from President Javier Milei’s austerity approach to household debt. The program reduces credit card financing rates…

Pidilite Industries: Discontinues Bangladesh Subsidiary Operations

Pidilite Industries Limited has announced the voluntary liquidation of its wholly-owned step-down subsidiary in Bangladesh, Nina Percept (Bangladesh) Private Limited (NPBPL). This decision, effective from August 19, 2026, follows an order from the Registrar of Joint Stock Companies and Firms, Bangladesh. NPBPL has been inoperative since its incorporation due to a lack of business opportunities.…

7 Best Macy’s Liquidation Pallet & Truckload Companies

Macy’s liquidation pallet companies give retailers, resellers, and other wholesale buyers a way to purchase surplus, overstock, returned, and store-stock merchandise in bulk. Instead of buying at retail prices, buyers can source this inventory at a discounted price through liquidation suppliers. Macy’s does not sell these pallets to the public. To buy Macy’s liquidation pallets,…

Diversa insolvency risk: Trustee lacks shareholder support as it faces $250 million First Guardian fallout

Troubled superannuation trustee Diversa says it has no guarantees from its private equity shareholders they will continue to support the business and protect the company from insolvency if forced to repay nearly $250 million to victims of the collapsed First Guardian investment scheme. In a fiery hearing of Senator Deborah O’Neil’s joint parliamentary committee for…

A battle over the soul of IBC’s Part III norms

There is a debate on the framework governing insolvency of individuals and personal guarantors | Photo Credit: lakshmiprasad S National Company Law Tribunal benches are not enlarged lightly, but because the institution itself recognises that the questions before it deserve an answer that will outlive the immediate dispute. The proceedings concerning Subhash Chandra have travelled…