Zurich Insurance, Swiss Re, and Swiss Life have been added to a list of insurance firms required to develop resolution plans in case of insolvency, according to the G20’s Financial Stability Board (FSB). The updated global list, published on Tuesday by the FSB, now includes 17 companies, an increase of four from the previous year.…
Franz Ferdinand frontman Alex Kapranos has revealed the shock detour the Scottish band’s career almost took at the height of their fame 20 years ago. The art rock outfit was chasing the success of their break-out single Take Me Out and self-titled debut record around the globe when they were asked to represent Greece at…
The Sterling Biotech case, one of India’s most significant bank frauds, has neared its conclusion with the Supreme Court’s conditional quashing of criminal cases against the fugitive Sandesara brothers. The complex saga, intertwining a massive financial scam with a protracted insolvency process, spans nearly a decade. Here is a detailed timeline of key events. The…
Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin…
A Darlington-headquartered restructuring and insolvency practice is expanding with a new operation in the North-West. Business Rescue Expert’s expansion is being spearheaded by Kevin Pinkerton, who has joined from law firm Freeths, where he was the national head of restructuring and insolvency, heading a team across seven offices. Kevin has joined Business Rescue Expert as…
Further to its announcement on 27 October 2025, Petrofac (“Petrofac” or “the Group”) provides the following update. As previously announced, Petrofac’s Executive Management is working alongside administrators of the Group’s ultimate holding company, Petrofac Limited (in administration), to preserve value, operational capability and ongoing delivery across the Group’s operating and trading entities. This includes M&A…
The Munich-based e-bike startup Sushi Bikes Sushi Mobility GmbH, the company behind the Sushi Bikes brand, faces an uncertain future. According to a ruling by the Munich District Court on November 14, 2025, preliminary insolvency proceedings have been initiated for Sushi Mobility GmbH. This means the company can only dispose of its assets with the…
Several entrepreneurs report abuses by insolvency administrators ipn.md Read the original article here
Startupbootcamp ends Dutch operations as two sister firms go bankrupt | NL Times Skip to main content Read the original article here
Struggling businesses hoping for Budget boost says R3 in the North West as it responds to latest insolvency statistics Wigan Today Read the original article here