The Bucharest Tribunal on Tuesday, August 18, rejected public transport operator STB’s request to enter insolvency proceedings because the company did not submit all the documents required by law. Mayor Ciprian Ciucu called the decision “unexpected” and said he hoped the company would appeal. The case was registered last Thursday and resolved at its first…
The founder of Liverpool property group Signature has been banned as a company director after investors lost more than £4.8 million through a linked company that distributed false and misleading marketing material. Businessman Lawrence Kenwright – once linked with a run for Mayor of Liverpool – has been the director of almost 100 companies, including…
The number of Americans who file for bankruptcy is growing. More than 500,000 people took this step in 2025, nearly 50% more than in 2022. And the numbers have kept on climbing, with a 12% jump in June 2026 from a year earlier as many consumers struggled to pay their bills. I am a business…
High Court rules that administrators can recover funds in an insolvent company’s bank accounts despite potential third-party proprietary claims Herbert Smith Freehills Kramer Read the original article here
The National Company Law Tribunal (NCLT) has allowed aircraft lessor Aviator ML to withdraw its insolvency plea against SpiceJet after the two sides reached a settlement, ET Now reported. The tribunal, however, imposed a fine on both parties for informing it about the settlement after the case had reached the stage of final orders. The…
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FRIDAY EDITION Did Treasury declare US ‘insolvent’? Here’s the bottom line In March 2026, posts claimed the U.S. Department of the Treasury declared the U.S. government insolvent, which would mean the government had lost its ability to repay its debts. The rumor spread after the Treasury published financial statements last Monday for the previous fiscal…
Construction insolvencies increased year-on-year in July as the sector faced renewed cost pressures and uncertainty linked to the conflict in the Middle East. There were 343 construction company insolvencies during the month, up 3.3% from 332 in July 2025, according to the latest company insolvency statistics. Over the 12 months to July, construction recorded 3,841…
A controversial businessman behind the collapsed Signature Group of property companies has been given a director ban for the next five years. Lawrence Kenwright was the founder of almost 100 companies, which owned a number of hotels, including the football theme Shankly and Dixie Dean. He was also director of Signature Works Gold Limited, which…
{{ registerForm.errors.get(‘form’) }} We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support. Credit Card {{ cardForm.errors.get(‘card’) }} … Read the original article here