As US troops withdrew from Somalia in the spring of 1994, a teenaged Muse Omar Jama began working as an exchange trader in Mogadishu’s Bakara market. More than three decades later, he still does the same job, but wonders for how much longer. Jama, 49, sits in a plastic chair in the one-room office he…
Arbitration clauses in Memoranda Of Understanding (MOU) do not bar insolvency proceedings when debt and default are established, the National Company Law Tribunal’s Mumbai bench has held while admitting PS IT Infrastructure & Services Ltd into insolvency. “The presence of an arbitration clause in an MoU does not oust the jurisdiction of the Adjudicating Authority…
Bombay HC: NCLT Has Jurisdiction Over Internal Company Mismanagement Disputes BW Legal World Read the original article here
QVC shareholders fight bankruptcy plan they say favors creditors Crain’s Chicago Business Read the original article here
Airline CEOs are often outspoken in times of economic uncertainty, especially when it affects the aviation industry. The CEO of Ryanair, Michael O’Leary, United Airlines’ Scott Kirby, and Delta Air Lines’ Ed Bastian are some of the most frequent contributors to aviation headlines. Ryanair’s O’Leary is the latest to sound off amid ongoing regional tensions…
A 70-year-old former bakery owner died on Sunday after falling from an industrial building in Kwun Tong while reportedly searching for a suspected burglar, police said. The victim was identified as Siu Wai-kin, former owner of the now-defunct Hoixe Cake Shop chain. He operated a bakery workshop at South China Factory Building on Wai Yip…
CBI Conducts Search and Seizure Operation at Residence of Reliance Communications Director scanx.trade Read the original article here
SINGAPORE – Already grappling with unresolved audit issues after much of its finance team left the company, taking with them years of historical financial knowledge, Mary Chia Holdings is now facing insolvency claims filed by a creditor amid mounting financial pressures. The Catalist-listed beauty and wellness group said on May 5 that its creditor Fullink…
Longstanding businesses have entered administration this week 02:32, 10 May 2026Updated 08:00, 10 May 2026 A number of businesses have entered administration(Image: Getty Images/iStockphoto) A number of major UK businesses have entered administration this week as they struggle amid a wave of expense hikes. This year, high street staples have collapsed into administration including beloved…
Several major British businesses have collapsed into administration this week as they buckle under a mounting wave of rising costs. Throughout this year, high street staples have fallen into administration, including well-loved fashion retailers and accessories chains. 1,631 UK businesses filed for administration in 2025, according to the law firm Shakespeare Martineau. Yet further names…