In a timely update to the UK’s restructuring toolkit, the Chancellor of the High Court Sir Julian Flaux has issued a revised Practice Statement (2025 PS) on Schemes of Arrangement under Part 26 and Restructuring Plans (RPs) under Part 26A of the Companies Act 2006. Published on 18 September 2025, this document replaces the current…
Australia’s environmental not-for-profit Planet Ark goes into voluntary administration MSN Read the original article here
The European Parliament and Council have agreed on a directive to harmonize key aspects of EU insolvency law. The directive introduces targeted minimum standards aimed at reducing internal-market frictions and improving efficiency, predictability, and recoveries in cross-border cases. Once enacted, this will be among the most significant developments in EU insolvency law in recent years,…
‘I can’t even, bro’: Popular Aussie music festival slips into liquidation The Chronicle | The Chronicle Read the original article here
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Value City fails to attract a buyer, store liquidation to begin The Business Journals Read the original article here
The breakdown by country confirms a notable dispersion (Chart 2, see details in our country focus). In the Netherlands, corporate bankruptcies are almost half their historical average, while in Sweden they are almost double that level. Two phases can be distinguished: – An initial rise from 2022. It came earlier in some countries (i.e. the…
Shares of iRobot Corporation are currently trading as a penny stock, exhibiting extreme volatility around $0.18. The company’s confirmed absence from the upcoming CES 2026 technology showcase in Las Vegas, coupled with its active Chapter 11 bankruptcy proceedings, has solidified market fears of a de facto corporate collapse. With the firm now operating under court-supervised…
This is part 6 of the annual round-up that provides an analytical summary of the key Corporate law rulings of the National Company Law Appellate Tribunal (NCLAT) reported on Taxscan.in in 2025. Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just…
Unregistered Documents Cannot Create Security Interest to Retain Title Deeds: NCLAT Dismisses Appeal Mr. V. Jaisankar vs Mr. Mahalingam Suresh Kumar CITATION : 2025 TAXSCAN (NCLAT) 333 The National Company Law Appellate Tribunal (NCLAT) has held that unregistered documents, including a Memorandum of Deposit of Title Deeds (MoDT), cannot create a valid security interest to retain…