U.S. fashion and footwear firms are in good shape, compared with other categories when it comes to corporate bankruptcies. Thus far in 2025, there’s been just two fashion firm bankruptcies with liabilities over $1 billion — Claire’s Holdings LLC in August and Forever 21’s U.S. store operator and brand licensee F21 OpCo LLC in March…
FORNEBU, Norway, Oct. 17, 2025 /PRNewswire/ — An extraordinary general meeting of Aker Carbon Capture ASA (under liquidation) (the “Company”) was held today as a digital meeting with online participation. All resolutions were made in accordance with the proposals set out in the meeting notice published on 29 September 2025. The general meeting resolved to approve…
Project-wise insolvency in real estate may get statutory backing in new IBC draft bill Moneycontrol Read the original article here
The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the Section 7 Insolvency and Bankruptcy Code,2016 (“I&B Code”) petition filed by the petitioner for Rs 6.49 crore, holding that the default occurred before the COVID-19 moratorium. The Tribunal rejected the limitation and Section 10A objections and appointed Mr Santanu T. Ray as Interim…
Global insolvencies to peak in 2026 amid trade shifts – Allianz Insurance Business America Read the original article here
ANI | Updated: Oct 21, 2025 20:08 IST New Delhi [India], October 21 (ANI): The Select Committee on Insolvency and Bankruptcy Code (Amendment) Bill, 2025, headed by MP Baijayant Panda, has invited views and suggestions on the Bill from experts, industry associations, organisations, and stakeholders, according to an official statement. People can send their memoranda…
By JACK GRAMENZ FOR AUSTRALIAN ASSOCIATED PRESS and CAITLIN POWELL – NEWS REPORTER Published: 00:48 AEDT, 22 October 2025 | Updated: 01:02 AEDT, 22 October 2025 Regional airline Rex has a US buyer, administrators have confirmed more than a year after the airline entered voluntary administration. An announcement on Tuesday evening revealed Air T – which…
A high-end Japanese restaurant in Melbourne has suddenly closed permanently after its parent company collapsed, owing tens of thousands of dollars. Shoya Melbourne, tucked away on Market Lane in the city’s CBD, said it was temporarily closing on September 28 for major renovations. But last week, the restaurant shared a sobering message on social media…
Allianz Trade company building pictured Unterfoehring. Andreas Gebert/dpa Corporate insolvencies are set to rise worldwide by 5% next year, which would be the fifth consecutive increase, according to a forecast by international insurance company Allianz Trade. In Germany, insolvency activity is expected to remain at 24,500 cases, representing a slight increase of 1%, making it…
Templemore based company goes into liquidation Tipp FM Read the original article here