The Jersey States Assembly has approved a package of amendments to the Companies (Jersey) Law 1991 intended to update Jersey’s corporate framework and maintain alignment with international best practice. The changes reflect the island’s longstanding policy of maintaining a modern and flexible company law regime while responding to evolving market and regulatory developments. They are…
SINGAPORE – A man was sentenced to 3½ years and four weeks’ jail on Jan 27 after he misappropriated around $470,000 from more than 200 people who had signed up for an Islamic pilgrimage to Mecca, in Saudi Arabia. The customers received no updates on arrangements for the pilgrimage, also known as umrah, and found out…
A Sudden Shock for Retail Workers More than 1,000 retail jobs are now in jeopardy following the appointment of insolvency practitioners at Claire’s, the UK’s popular accessories retailer, just four months after it was rescued from financial difficulties. The move, reported by Sky News, comes as a significant blow to employees, many of whom were…
5719 Anchorage Terrace Sanctuary Cove A waterfront mansion owned by the wife of a bankrupt businessman was the top sale at an auction event racking up $105 million under the hammer. The Sanctuary Cove trophy home sold for $13m, two years after it was purchased under a company name linked to Maxine Hickmann, whose partner…
Show Quick Read Key points generated by AI, verified by newsroom Fresh uncertainty surrounds Pakistan’s participation in the 2026 T20 World Cup, despite the team already being announced. The development comes after Pakistan Cricket Board (PCB) chairman Mohsin Naqvi met Prime Minister Shehbaz Sharif on Monday to discuss the issue. According to sources, the Pak…
Bankrupt earns six figures, lives in multimillion-dollar home as investor owed $450k struggles Stuff Read the original article here
Pat McGrath Labs takes a definitive turn in its trajectory. The brand owned by the eponymous star makeup artist has filed for Chapter 11 bankruptcy protection, the U.S. equivalent of insolvency proceedings in Spain. Thus, the sale of assets that the company had planned for Tuesday will be postponed indefinitely. According to WWD, the company…
Restructuring plans Government statistics confirm that 2025 saw an increase in sanctioned restructuring plans (under Part 26A of the Companies Act 2006) from the previous year but with numbers remaining relatively low. The majority of those restructuring plans and historically, have been the preserve of larger corporates, with SMEs likely to have been discouraged by…
Waste director sentenced for ‘blatantly’ ignoring bankruptcy restrictions letsrecycle.com Read the original article here
Maintenance not a ‘debt’, can’t abuse insolvency law to avoid paying wife: Bombay HC MSN Read the original article here