On 8 August a Court of Session commercial judge refused to make a first order in a petition to wind up a company, declining to authorise its intimation and service. Instead the judge granted the respondents’ motion to dismiss the petition. The company had lodged a caveat and appeared by counsel, as did two of…
The National Insurance Commission (NAICOM) has given insurers and reinsurance companies a 12-month period to comply with the new minimum capital requirement (MCR). The MCR was introduced by the Nigerian Insurance Industry Reform Act (NIIRA), 2025. In a circular released in Abuja on Friday, it was said that any company that failed to meet the…
Texas judge orders Infowars liquidation to pay Sandy Hook families almost $1.5 billion MSN Read the original article here
MasterChef star Reynold Poernomo has received some tough news this week with his high-end dessert bar in Melbourne going bust. The business behind KOI Dessert Bar in Melbourne, known for its luxurious, highly creative, and visually stunning treats, has entered voluntary administration. The family run business, which also has two establishments in Sydney, became known…
‘I was not siphoning money’: Boss of failed company defends ‘flashy’ lifestyle Stuff Read the original article here
MetLife, Inc. – Business Wire – 1 hour ago MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends: Quarterly dividend of $0.35263005 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA). Semi-annual dividend of $29.375…
29 Murray & Roberts will not oppose liquidation proceedings initiated by creditor, as the iconic South African engineering and construction firm faces final winding up after over 120 years in business. The group advised shareholders on Friday, 15 August 2025, that it would not fight the application in the Gauteng Division of the High Court,…
Real world: ‘Jim, we’re in bad nick’ as insolvencies rise The Australian Read the original article here
Amid uproar by the Opposition, Finance Minister Nirmala Sitharaman on Tuesday introduced an amended Insolvency and Bankruptcy Code in the Lok Sabha. Among some of the key amendments to the existing bankruptcy law that are incorporated in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, include a provision enabling a “creditor-initiated insolvency resolution process” with…
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