Corporate Travel Management is meeting the United Kingdom government this week in a last-ditch bid to convince it to accept staggered repayments for historic overcharging, as it tries to fight its way back from the brink of insolvency. The embattled travel agent needs its biggest UK customer to accept a payment plan for £95 million…
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With insolvency risk on the horizon for struggling small businesses, one registered liquidator has said that the discretionary trust tax changes are a tax planning issue, not an insolvency issue. Business Reset restructuring practitioner and registered liquidator, Jarvis Archer (pictured), has told Accountants Daily that the businesses affected by discretionary trust tax changes need to…
Even setting those statutes aside, the court said the outcome held. The fees came from a post-loss settlement, not from coverage written into the policy itself. That put them outside the definition of a “covered claim” under s. 631.54(4). Covered claims FIGA pays, the opinion said, “must come from coverage within the policy, and not merely…
The Commercial Court of Lviv region declared PJSC Halychyna oil refining complex (Drohobych oil refining complex) bankrupt with total creditor claims exceeding UAH 18 billion and initiated liquidation proceedings, according to a court ruling dated June 25, 2026, published in the Unified State Register of Court Decisions. “PJSC Halychyna oil refining complex is hereby declared…
CYBER-CRIME ZEGO-TVZ says the financial fallout from a March cyberattack left shutting its doors as the only option German textile company ZEGO Textilveredelungszentrum has filed for insolvency and is blaming the financial fallout from a March cyberattack that knocked its production offline for nearly six weeks. ZEGO’s filing adds another name to the short but…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has reiterated that a Corporate Insolvency Resolution Process (CIRP) cannot be initiated against a company whose name has already been struck off from the register of companies. It observed that once the company’s certificate of incorporation is cancelled, it no longer remains a “corporate person”…
Bathroom fitting company based near Huntingdon enters liquidation after 12 years of trading Peterborough Telegraph Read the original article here
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