The Year in Bankruptcy: 2024 | Insights

The first full year of the post-COVID-pandemic era was characterized in the United States by continued economic recovery, persistently high consumer interest rates—despite three cuts in the benchmark federal funds rate in 2024, low unemployment, lower but still stubborn inflation, supply-chain disruptions caused by overseas conflicts, changing consumer spending preferences, the persistent malaise of the…

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UK Court of Appeal considers whether insurance proceeds paid to a company in liquidation are assets of the company or held on trust for third party claimants | Insights

On 15 July 2025, the Court of Appeal gave judgment1 in a case concerning whether third party claimants could have an entitlement to the proceeds of an insurance claim in circumstances where those proceeds were paid to the insured, a company in liquidation, prior to its entering into liquidation. The Court of Appeal rejected arguments…

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Nike Sydney stores close as franchisee enters liquidation

Seven Nike-branded stores across Sydney have abruptly shut down after local franchisee AF-1 was placed into voluntary liquidation. The affected outlets were in prominent suburbs and shopping precincts including Pitt Street (CBD), Bondi, Neutral Bay, Chatswood, Burwood, Warringah and Castle Hill. In a notice sent to the Australian Securities and Investments Commission (ASIC) last week,…