Last Wednesday a short six-page document dramatically changed the life of the former most powerful man in the Israeli economy. Following the decision of Judge Nurit Tabib-Mizrahi of the Tel Aviv Magistrate’s Court to order insolvency proceedings against Nochi Dankner, the former controlling shareholder of IDB was thrown into a new reality, which he…
24-year-old travel company files for bankruptcy, cancels trips thestreet.com Read the original article here
Germany’s labor market is flashing deeper warning signals than the latest business-sentiment improvement suggests. The Ifo Employment Barometer dropped to 92.3 points in the latest reading, a decline of 1.6 points that leaves the index at levels last seen during the Corona pandemic. While the broader Ifo Business Climate index recently stabilized, employer hiring and…
Multiple airlines and companies within the aviation sector have filed for insolvency. This trend comes in the months following the U.S.-Israeli strike on Iran and a subsequent surge in jet fuel costs, as quoted from Detik Finance. At the start of June, cargo carrier European Cargo Limited entered administration. The move resulted in the loss…
A UK construction and joinery firm with excellent reviews from customers has entered liquidation. Several UK construction firms have ceased trading in the first half of 2026, with some pointing to inflated costs and difficult trading conditions as reasons for financial strain. One of the most recent companies to enter liquidation is OJG Joinery &…
The Ahmedabad bench of the National Company Law Tribunal (NCLT), while dismissing applications filed by a cotton spinning company seeking time to pursue a one-time settlement (OTS), held that OTS proposals, ongoing settlement discussions and identification of prospective purchasers cannot defeat or postpone adjudication of a valid insolvency application. The applications had also sought permission…
Indian insolvency courts are deciding if US-led foreign sanctions, such as OFAC designations, can be used as a valid excuse to halt bankruptcy proceedings. This case tests whether payment restrictions under international law override debt defaults in India, potentially changing how creditors recover dues from multinational-linked companies. What Happened Indian insolvency tribunals are currently addressing…
Jimmy Greaves struggled after retiring from football (Image: Getty) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Jimmy Greaves will be looking down on England as they aim to replicate his team’s heroics at the 1966 World Cup. The football icon enjoyed a wonderful…
The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted to address insolvency and facilitate corporate resolution, not to adjudicate complex commercial disputes or operate as a debt recovery tool. However, as Indian companies increasingly operate within global corporate structures, insolvency tribunals are required to grapple with issues that extend far beyond traditional debtor-creditor relationships. One…
Aksara Commercial sells shares in India Power Corporation scanx.trade Read the original article here