The Survey noted that while the previous decade offered testament to IBC’s legal framework and design, the next phase of IBC should combine process reform with a rapid scaling of capacity | Photo Credit: iStockphoto The Economic Survey 2025-26 cautioned that extended insolvency timelines can trigger value erosion – assets deteriorate, employees depart, customers shift…
The Paradox of Progress Amidst Paralysis The Economic Survey of India 2025-26 paints a stark picture of India’s insolvency regime, revealing a deepening paradox: while policy reforms have enhanced the effectiveness and outcomes of the Insolvency and Bankruptcy Code (IBC), the very institutions tasked with its implementation are buckling under severe capacity constraints. At…
The Berlin-based company behind Traktor, iZotope, and Maschine begins formal restructuring. Photo credit: Native Instruments – Official Native Instruments GmbH, the Berlin based company behind Traktor, Maschine, and other leading music production tools, has entered preliminary insolvency proceedings in Germany. Court documents confirm the filing and the appointment of Prof. Dr. Torsten Martini as the…
Synergy goes bankrupt leaving gift card holders days to redeem funds – NBC 7 San Diego Skip to content Close Menu Contact Us Read the original article here
Dave Riley has joined Azets as a partner. He arrives at a time when the UK faces a rise in insolvencies, and a bump in demand for Azets’ restructuring services. Figures also show that housebuilding in the construction sector – a key bellwether of economic health – has plummeted to levels not seen since the…
UK businesses continued to face intense financial pressure throughout 2025, with 28,616 insolvency activities recorded, while start-ups declined, according to a new report from R3. While corporate insolvency-related activities – including administration and voluntary and compulsory liquidations- eased slightly compared with 2024, when there were 29,366 instances, they remain significantly above pre-pandemic norms, reflecting a…
The controversy surrounding the Cyprus community of Sydney has continued, with some members having now lodged an application to the Federal Court seeking to restore Cyprus Community of N.S.W (Holdings) Limited to member control. The application was lodged by Dr Con Costa concerns the Holdings entity, a company linked to the Cyprus Community of NSW…
The hospital’s Mumbai facility remained entangled in legal and lease-related disputes with MCGM over unpaid rent and land-use conditions, repeatedly derailing earlier revival efforts. One such attempt in 2019, led by New Medical Centre (NMC), was ultimately struck down by the Supreme Court, further delaying resolution. Read the original article here
Elaine Wilkins, director at Bournemouth-based Antony Batty and Company, said that while the Chancellor’s decision to temporarily scale back proposed business rate rises for pubs is welcome, the measures do not go far enough to protect the broader hospitality and retail sectors. Ms Wilkins said: “The Chancellor’s decision for a temporary scale back of the…
Native Instruments, the company behind Kontakt, Maschine, and Traktor, has entered preliminary insolvency. Here’s what it means for users. Big news from Berlin: Native Instruments, the company behind Kontakt, Maschine, and Traktor, has officially entered preliminary insolvency proceedings. A court-appointed administrator, Prof. Dr. Torsten Martini, is now in charge of figuring out if the company…