The Chief Judge (CJ) of the Federal High Court (FHC), Justice John Tsoho, has established an Insolvency Unit to ensure efficient service delivery. The Chief Registrar of FHC, Sulaiman Hassan, shared this development in a statement in Abuja, Nigeria’s capital. The unit’s creation follows the provisions of the Companies and Allied Matters Act (CAMA), 2020;…
Two former senior figures at bankrupt Woking council are to be investigated by the UK’s accounting watchdog after it racked up more than £2bn in debt on a failed investment spree. The Surrey council declared itself effectively bankrupt in 2023 after ploughing vast sums of borrowed money into skyscrapers, a luxury hotel and other risky…
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022. The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were…
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022. The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were…
In a landmark development, the Chief Judge of the Federal High Court, Justice John Tsoho, has announced the creation of an Insolvency Unit aimed at streamlining the debt recovery process in Nigeria. This new initiative, as confirmed by the court’s Chief Registrar, Sulaiman Hassan, is designed to enhance the efficiency of insolvency proceedings and provide…
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Hasan Nawaz Sharif, son of PML-N supremo Nawaz Sharif, has been declared bankrupt by the London High Court in a tax and liability case filed by the United Kingdom’s tax and revenue department, according to official court documents. The UK Gazette, which maintains public records, states that Hasan, a resident of Flat 17 Avenfield House,…
Closed KFC and Pizza Hut outlets in Istanbul after İş Gıda’s bankruptcy declaration.
The Federal High Court of Nigeria has established an Insolvency Unit to modernise and update insolvency practice and proceedings in the country. The unit was created by the Chief Judge of the court, Justice John Tsoho, as part of concerted efforts to ensure that the court meets the expectations of all aspects of the law…