The UK saw a modest decline in corporate insolvencies in 2024, offering a glimmer of hope for businesses grappling with ongoing economic pressures. Official figures from the Insolvency Service revealed 23,872 registered company insolvencies during the year—a 5% drop from the 25,163 cases recorded in 2023, which marked the highest annual total since 1993. Key…
Now is a good time to learn about this new legislation, says Andrew Taylor The Corporate Insolvency and Governance Bill will be the biggest reform of the UK’s restructuring and insolvency framework in more than 15 years. For the hospitality sector, it is welcome news, giving bars and restaurants some options to help them…
Construction firm insolvencies hit all-time high with 840 collapses in first four months of year business-live.co.uk Read the original article here
The Trump administration has introduced a controversial new program aimed at illegal immigrants, offering a $1,000 stipend and travel assistance for those who choose to voluntarily “self-deport” from the United States. Announced on May 5, 2025, by the Department of Homeland Security (DHS), this initiative is part of a broader strategy to expedite deportations and…
Zorzi’s fall: Bitcoin, a secret legal feud & years of losses The West Australian Read the original article here
As one of vinyl’s most beloved subscription services shuts down, smaller players may be feeling the pressure too. The end of Vinyl Me, Please Denver-based record club, Vinyl Me, Please (VMP), has announced it is entering liquidation. The record club built a loyal subscriber base with its exclusive and carefully created selections, some of whom…
State-owned NHAI has decided to go for a conciliation process on the financial dispute with bankrupt Jaiprakash Associates Ltd concerning Varanasi Gorakhpur road projects. In the ongoing dispute, Jaiprakash Associates has sought ₹1,461.63 crore compensation for ‘four laning of Varanasi Gorakhpur Section of NH-29 from Km 14B.000 to Km 20B. 300 in Uttar Pradesh under…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
By MS Sahoo In a landmark judgment dated 2nd May 2025, the Supreme Court of India disposed of an appeal filed in 2020 concerning the resolution of Bhushan Power and Steel Ltd. (BPSL). The judgment is detailed, incisive, and beyond reproach by any legal standard. It lays bare a series of grave illegalities and lapses,…
Aussie booze giant collapses owing over $13m The Cairns Post Read the original article here