Sri Lanka’s prime minister said on Tuesday that his country was “bankrupt.” One expert blamed government incompetence for the financial crisis ravaging Sri Lanka. Energy minister says fuel supplies have run out and it is now in talks with the IMF about a bailout. Sri Lankan prime minister Ranil Wickremesinghe declared the country “bankrupt” on…
Former prime minister Nawaz Sharif’s son Hasan Nawaz Sharif. — AFP/File LONDON: Former prime minister Nawaz Sharif’s son, Hasan Nawaz Sharif, has been declared bankrupt by the London High Court in a tax and liability case filed by the UK government’s tax and revenue department, according to court documents. As per the official UK Gazette, which keeps the public…
New Delhi: Hasan Nawaz, the son of former Pakistan prime minister Nawaz Sharif, has been declared bankrupt by the High Court of Justice in London over unpaid tax liabilities. But Pakistanis see it as a way to hide wealth. On Monday, Dawn reported about Hasan’s bankruptcy, the order for which was issued in April and…
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
2025-01-09T21:36:02+00:00 … Read the original article here
How to spot the warning signs of insolvency in the construction supply chain Dentons Read the original article here
As beleaguered Croydon council declared effective bankruptcy on Wednesday afternoon, its interim chief executive, Katharine Kerswell, sent an ominous wake-up-call memo to staff: “Too many of us are still operating like business as usual,” she warned, “and are not facing up to our new reality that we are actually in a financial crisis.” The methodical…
UK Trade Darling Stenn Went from $900 Million to Insolvency in Days Bloomberg Read the original article here
Sussex Covid loan company directors ‘sleepwalking’ into disqualification SussexWorld Read the original article here
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed by its operational creditor Sunrise Knitting Mills Pvt Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the company…