US-based Air T will become the new owner of Regional Express Holdings after a second meeting of creditors voted in favour of a deed of company arrangement to keep the airline’s regional operations in the air. Creditors met via videolink this afternoon and voted in favour of the deal, which is expected to see REX…
A family-owned Australian mattress manufacturer has collapsed into voluntary administration. A family-owned Australian mattress manufacturer has collapsed into voluntary administration after 126 years in business in what has been described as a “sad day for the industry”. Peter Lucas and Damien Lau, from P.A Lucas & Co, have been appointed joint administrators of the A.H.…
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On 18 March 2026, the European Commission presented its proposal for EU Inc., an optional, digital-by-default European corporate framework designed to sit alongside existing national company frameworks as the cornerstone of the EU’s 28th regime. It provides for simple and efficient corporate rules and procedures covering the full lifecycle of a company, from registration through…
Allianz shareholders face a busy May with AGM vote on tougher exec pay, board elections, dividend deadline, and Q1 results amid rising corporate insolvencies. Allianz shareholders are bracing for a packed May schedule, with the insurer’s annual general meeting on 7 May 2026 set to approve a tougher executive compensation framework and elect three new…
GEELONG, Australia, March 25, 2026 (GLOBE NEWSWIRE) — Carbon Revolution plc (OTC Expert Market: CREVF) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today issued the following statement. The Company’s wholly owned Australian subsidiaries have decided to initiate a planned Voluntary Administration in…
The Supreme Court of India has held that liabilities arising from corporate guarantees squarely fall within the ambit of “financial debt” under the Insolvency and Bankruptcy Code (IBC), 2016. A Bench comprising Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe set aside the concurrent findings of the NCLT and NCLAT, which had previously derecognized the…
Award-winning UK sausage and bacon supplier is liquidated after 121 years The Sun Read the original article here
The administrators of Resorthoppa have received claims exceeding £3.8 million from unsecured creditors to date, according to their latest progress report, well short of the more than £8 million in claims expected. However, the administrators make clear there will be no funds to re-pay creditors whatever claims are received. The report to the…
The Supreme Court of India has held that the Insolvency and Bankruptcy Code (IBC) cannot be used as a shortcut to recover money or to pressure someone into making payments. It clarified that insolvency proceedings are not meant to resolve disputes over how much money is actually due under a court decree. A Bench of…