Tshwane will go bankrupt if salary increases continue – News24
Tshwane will go bankrupt if salary increases continue News24 Read the original article here
Bid to have Brittany Higgins declared bankrupt stalls – MSN
Bid to have Brittany Higgins declared bankrupt stalls MSN Read the original article here
TT-Line insolvency claims: company directors face scrutiny | The Advocate
Treasurer Eric Abetz has continued to defend the TT-Line board’s claim of solvency, citing their independent advice and the government’s guarantee that the critical infrastructure company, which operates the Spirit of Tasmania vessels, won’t fail. Picture: file. Read the original article here
Blue Islands in bankruptcy in Jersey gives way to Loganair
Jersey Airport (Photo: © 2025Jersey Airport) In less than three weeks, the UK has just seen the bankruptcy of two regional carriers. At the beginning of October, Eastern Airways, one of the UK’s leading domestic carriers with almost 1.5 million passengers a year, went out of business. Its two main bases were Aberdeen airport in…
Spirit of Tasmania ferry operator ‘confident of its position’ despite ongoing insolvency claims
Tasmania’s auditor-general has confirmed he referred Spirit of Tasmania operator TT-Line to the corporate regulator after suspecting its directors were in breach of the Corporations Act. Auditor-General Martin Thompson said he made the referral to the Australian Securities and Investments Commission (ASIC) on July 31, having formed the view earlier in the month that TT-Line…
Informist Media – Board Suggestions: IBBI moots minimum stake for directors in insolvency professional entity
Informist, Monday, Nov. 17, 2025 NEW DELHI – The Insolvency and Bankruptcy Board of India on Monday suggested that anyone appointed as a director or partner of an insolvency professional entity shall hold at least 5% of its paid-up equity share capital, provided the entity has more than 20 members. The minimum prescribed shareholding…
Court Places Three Gauzy Subsidiaries into Insolvency – USGlass Magazine
Court Places Three Gauzy Subsidiaries into Insolvency USGlass Magazine Read the original article here
Federal Court of Justice confirms subordination of shareholder damages claims to all creditor claims in landmark insolvency ruling, Lars Westpfahl, Patrick Schroeder, Sonja Vidal, Susanne Hoerrmann, Tom Dittmar, Victor Aly
In its much-anticipated judgment of 13 November 2025 the German Federal Court of Justice (FCJ) held that in insolvency proceedings, shareholders’ damages claims are not to be treated pari passu with claims of unsecured creditors. With this landmark ruling, the FCJ brings an end to years of legal uncertainty, resolving the long-standing dispute between shareholders and…
NMCN liquidators lodge legal claim against ex-auditors
The insolvency firm handling the affairs of defunct contractor NMCN has issued a legal claim against its former auditor, BDO, relating to two historical audits of the company. Court filings show that lawyers on behalf of NMCN plc and NMCN Sustainable Solutions Ltd filed a breach of contract claim against BDO on 26 March. A…
Directors' duties in insolvency: Hong Kong court warns of personal liability for frivolous challenges to winding-up orders – www.hoganlovells.com
Directors’ duties in insolvency: Hong Kong court warns of personal liability for frivolous challenges to winding-up orders www.hoganlovells.com Read the original article here