UK insolvency trade body R3 appoints new president

Tom Russell has also outlined five key objectives for his tenure at R3. Credit: khunkornStudio/Shutterstock.com. R3, an insolvency and restructuring trade body in the UK, has named Tom Russell as its new president. In the new role, Russell will collaborate with R3’s CEO, the senior management team, and the council to develop and implement the…

IBBI streamlines CIRP with new framework

The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant reform to the Corporate Insolvency Resolution Process (CIRP) with the introduction of a simplified and streamlined forms framework. Effective June 1, 2025, this move aims to substantially reduce the compliance burden on Insolvency Professionals (IPs) while enhancing the efficiency and oversight of insolvency…

Nocookies | Sky News Australia

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Geospatial Council of Australia Goes Into Administration

The Geospatial Council of Australia (GCA) has filed for voluntary administration, saying it needed to do so to ensure the council’s long-term viability and ongoing service delivery. “The GCA has recently faced a combination of challenges that have led us to this position, including continued delays in the settlement of Surveyors House in Canberra, as…

IBC sees better recoveries, lower liquidations in FY25, albeit with longer resolution time – ICRA calls for reforms – Industry News

India’s insolvency landscape witnessed mixed developments in FY2025, with a marginal decline in the number of approved resolution plans and a sharp drop in cases admitted under the Corporate Insolvency Resolution Process (CIRP). Per an analysis report by ICRA, the number of resolution plans (RP) approved by the National Company Law Tribunal (NCLT) under the…