Category Archives: Bankruptcy

Tariffs And Turmoil: How Trade Policy Is Driving Corporate Bankruptcies (Video) – Insolvency/Bankruptcy

self In this episode of the Lowenstein Bankruptcy Lowdown, partners David M. Posner and Daniel B. Besikof discuss how tariffs—originally intended as tools of industrial policy—are now accelerating corporate bankruptcies by inflating costs, disrupting supply chains, compressing margins, and pushing financially fragile companies into insolvency. Speakers: David M. Posner, Partner, Vice Chair, Bankruptcy & Restructuring…

Swiss health insurer Klug announced bankruptcy and will cease operations

Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members. According to the official statement, at the end of July Klug submitted an application to the Federal Office of Public Health (BAG) for bankruptcy and license…

Cricket Australia warns some Test nations will go ‘bankrupt’

While the West Indies tries to determine a way to improve its once-fearsome Test team, Cricket Australia chief executive Todd Greenberg warns that some rivals — without naming names — will go “bankrupt” if they continue to play the longest form of the game. Greenberg, a former Australian Cricketers’ Association chief who took over at…

Test format needs to remain viable or some rivals will go ‘bankrupt’ says Cricket Australia CEO

While the West Indies tries to determine a way to improve its once-fearsome test team, Cricket Australia chief executive Todd Greenberg warns that some rivals – without naming names – will go “bankrupt” if they continue to play the longest form of the game. Greenberg, a former Australian Cricketers’ Association chief who took over at…

Cricket Australia CEO says test format needs to remain viable or some rivals will go bankrupt

BRISBANE, Australia (AP) — While the West Indies tries to determine a way to improve its once-fearsome test team, Cricket Australia chief executive Todd Greenberg warns that some rivals — without naming names — will go “bankrupt” if they continue to play the longest form of the game. Greenberg, a former Australian Cricketers’ Association chief…

IBC amendments seek to boost assets available for distressed company revival

Creditors to bankrupt firms could get their hands on a wider pool of valuable assets and claw back money from more shady promoter transactions, once latest changes to India’s insolvency rules take effect. While the Insolvency and Bankruptcy Code (IBC) remains the primary mode for bankruptcy resolution, lenders often seize assets of defaulting companies under…

Jewelry Co. Claire’s To Appoint UK Insolvency Administrators

By Alex Wittenberg ( August 13, 2025, 6:33 PM EDT) — The operator of United Kingdom-based stores of the bankrupt jewelry retailer Claire’s said Wednesday it would open an insolvency proceeding and appoint administrators, one week after Claire’s filed for Chapter 11 protection in Delaware bankruptcy court…. Law360 is on it, so you are, too.…

Boost to Insolvency and Bankruptcy Code – Opinion News

Many of the changes to the Insolvency and Bankruptcy Code (IBC), proposed in the Bill tabled in the Lok Sabha on Tuesday, were long overdue. To be sure, the corporate insolvency resolution process (CIRP) has been amended from time to time to plug loopholes—it was amended six times in the first five years. However, the…

Cricket Australia chief warns some countries risk going bust by playing Tests | Cricket Australia

The Cricket Australia chief executive, Todd Greenberg, has warned some nations will go “bankrupt” if they continue to play the longest format of the game, stressing he sees a future with fewer Test nations. Admitting he has become a “little unpopular” since taking over from Nick Hockley in March, the former Australian Cricketers’ Association boss…

Insolvency resolution timeline shrinks by 2 months since March – MSN

Insolvency resolution timeline shrinks by 2 months since March  MSN Read the original article here