JAKARTA – The Doctor of Law Program of the Faculty of Law, Pancasila University (UP) proposes the reconstruction of Law Number 37 of 2004 concerning Bankruptcy and Debt Payment Suspension (PKPU) through the implementation of an insolvency test as a condition before the court issues a bankruptcy decision. The proposal is considered important to prevent…
NAIROBI, Kenya, Jul 26 – The High Court has appointed an official liquidator to oversee the winding up of property developer Banda Homes Limited, marking the next phase in the company’s insolvency proceedings and paving the way for creditors to submit claims against the firm. A notice published in the Kenya Gazette states that insolvency…
In recent years, the global consumer market has continued to cool down, with overseas brands accelerating their withdrawal and offline stores closing frequently becoming the industry norm. Against this backdrop, a large number of cosmetics enterprises are facing unprecedented severe survival challenges, and industry reshuffling is accelerating. Recently, Jumeili found on the National Enterprise Bankruptcy…
German battery manufacturer VARTA has confirmed that it has filed for preliminary insolvency under self-administration, marking a significant step in its efforts to stabilize the business and secure its long-term future. The company announced the decision on Friday, explaining that the legal process is intended to provide the financial flexibility needed to restructure operations while…
Canada Tire is a family-run tire distributor founded in 1928 and led by fourth-generation chief executive Gabriel Granatstein. Headquartered in Salaberry-de-Valleyfield, Quebec, the company distributes passenger, performance, SUV, light-truck, medium-truck and winter tires, wheels and related products across Quebec, Ontario and Atlantic Canada. Its product portfolio includes exclusive regional distribution arrangements for the Vredestein, Kenda,…
Photo by Brendan Smialowski / AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tesla CEO Elon Musk issued a dire warning for Americans. In a Feb. 5 appearance on the Dwarkesh Podcast, Musk said America is barreling toward bankruptcy as its national debt…
A restaurant has closed and is now being liquidated. The Lounge, based in Tenby, ceased trading after owners said it could no longer continue because of outstanding liabilities. The business, which operated as The Lounge (Tenby) Limited from St Georges Street, entered creditors’ voluntary liquidation on October 31, 2025 following a general meeting of shareholders.…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…