More than 200 jobs at risk: A German office furniture manufacturer has filed for insolvency after 168 years in operation, placing more than 200 jobs at risk. © Atit Phetmuangtong | Dreamstime The Saxony-based company, OKA, submitted its application on 1…
New economic analysis has revealed a strong long-term link between rising global oil prices and increasing corporate insolvencies in Australia, raising concerns for small businesses already facing mounting financial pressure. Research released by Halo Advisory shows that major increases in oil prices over the past 25 years have consistently been followed by waves of business…
‘Stable, solvent, safe’: Leading Polish crypto exchange denies reports of illiquidity TVP World Read the original article here
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ARCs to gather 51% creditor support The new system moves away from creditors calling all the shots and lets company management stay in control, as long as they play by the rules with creditors. The goal? Speed things up: resolving cases in 150 days, with a possible 45-day extension, instead of 330. Asset reconstruction companies…
India’s insolvency framework could soon see a significant shift, with the proposed amendments to the Insolvency and Bankruptcy Code (IBC) introducing a mechanism that allows certain defaulting promoters to retain control of their companies during the resolution process, The Times of India reported on April 7. The system, according to the report (by Mayur Shetty),…
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REVEALED: Latest business liquidations in Stirling Daily Telegraph Sydney Read the original article here
India has made a big change in its insolvency law. The Insolvency and Bankruptcy Code (Amendment) Act, 2026 got approval from the President on 6 April 2026 and is now published in the Gazette of India. The law will start on dates decided by the Central Government, and different parts may start at different times.…
Steve Ellis, president of the nonpartisan budget watchdog Taxpayers for Common Sense, told us in an email, “I don’t think insolvency is the right term for the federal government. Except for a short time in Andrew Jackson’s presidency the country has always been in debt. Even when there was brief surplus in late 90s, early…