Two Israeli Diamond Dealers Declared Insolvent – IDEX Online
Two Israeli Diamond Dealers Declared Insolvent IDEX Online Read the original article here
Claim Treasury declared US ‘insolvent,’ TSA rumors & more
FRIDAY EDITION Did Treasury declare US ‘insolvent’? Here’s the bottom line In March 2026, posts claimed the U.S. Department of the Treasury declared the U.S. government insolvent, which would mean the government had lost its ability to repay its debts. The rumor spread after the Treasury published financial statements last Monday for the previous fiscal…
JBF Industries appoints M/s Elias L. Rodrigues & Co. as Secretarial Auditor – scanx.trade
JBF Industries appoints M/s Elias L. Rodrigues & Co. as Secretarial Auditor scanx.trade Read the original article here
Lifting Corporate Veil In Real Estate Insolvency: Supreme Court’s Ruling In Alpha Corp V. Gnida
The Supreme Court’s recent judgment in Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority marks a significant development in India’s evolving insolvency and corporate jurisprudence. Delivered on 05 May 2026 by a Bench comprising Justice Sanjay Kumar and Justice Alok Aradhe, the judgment revisits the doctrine of lifting the corporate veil in…
Director banned for 15 years over Covid loan for firm that ‘never traded’
A company director has been banned for 15 years after obtaining a £46,500 Covid Bounce Back loan for a construction company that never traded, according to the Insolvency Service. Ademilson Nascimento, of Ridgemount Close in South London, obtained the loan in July 2020. He had claimed turnover of £192,000 for his firm, Buildan Construction Ltd,…
AI Financial warns of insolvency risk after losses with WLFI. – Bitget
AI Financial warns of insolvency risk after losses with WLFI. Bitget Read the original article here
Restructuring & Insolvency Laws and Regulations 2026
Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? Traditionally, the French restructuring framework has been considered debtor friendly. However, since 2021, the transposition of Directive (EU) 2019/1023 introduced mechanisms rebalancing the system in favour of creditors. For large restructurings, classes of affected parties allow creditors to vote…
Restructuring & Insolvency Laws and Regulations Report 2025
Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? The United States can most accurately be described as reorganisation-friendly, as the Bankruptcy Code is designed to facilitate a fresh start for a debtor, while maximising recoveries for all stakeholders, including creditors. On the one hand, the United States…
Restructuring & Insolvency Laws and Regulations Report 2025
Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? Historically, Italian Bankruptcy Law was considered creditor-friendly. Bankruptcy proceedings were aimed at maximising the recovery of the creditors by way of the dissolution of the going concern. As a result of numerous amendments to the Italian Bankruptcy Law, Italy…
One of Belarus’ largest pork producers went bankrupt
One of the largest pork producers in Belarus — the “Danprad” company — found itself in a difficult financial situation and voluntarily filed for bankruptcy with the court. Its case is currently being heard in the Economic Court of the Minsk region, writes Office Life. Павялічыць Illustrative photo. Photo: “Nasha Niva” According to official documents,…