Business Liquidation Without “Phantom” Funds: The Cabinet Proposes Targeted Amendments to the Civil Code

The Cabinet proposes to remove mentions of non-existent social insurance funds from the Civil Code and clarify the rules for business liquidation. Closing a business? In the company liquidation procedure, it is still necessary to consider legislative mentions of social insurance funds, although the Social Insurance Fund of Ukraine was terminated by merging with the…

SEBI mandates new ‘Credit Risk-o-Meter’ to help investors assess debt risks

Mumbai (Maharashtra) [India], October 8 (ANI): The Securities and Exchange Board of India (SEBI) mandated a colour-coded “Credit Risk-o-Meter” for debt securities on Wednesday, requiring issuers and online bond platforms to prominently display the credit risk of securities to help investors assess risks before investing. The new disclosure will apply to all listed and proposed-to-be-listed…

Warrington company Aysgarth 01 Ltd enters liquidation

Aysgarth 01 Ltd entered creditors’ voluntary liquidation on September 28. Its principal trading address and registered office is based at Firecrest Court in Centre Park The nature of the business is ‘other business support service activities not elsewhere classified’. Darren Edwards of Exigen Group Limited has been appointed as the liquidator. Also this month, Warrington…

Preston director banned for 10 years over £50,000 loan

Grzegorz Bernat, of The Howgills, Fulwood, has been disqualified as a director for 10 years from October 7, following an investigation by the Insolvency Service. Bernat was the sole director of Gregmax Ltd, a company incorporated in June 2018 which later entered liquidation in January 2025. According to the Insolvency Service, Bernat caused Gregmax to…

Liquidator appointed to Scottish engineering company

ETI Engineering Limited, which was founded two decades ago, passed a special resolution “that it has been proved to the satisfaction of the members that the company is insolvent”. It also agreed that Derek Jackson, of Grainger Corporate Rescue & Recovery, has been appointed “for the purpose of winding up”. The company slumped from a…