Melbourne building collapses into voluntary administration – leaving projects in the lurch – MSN
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
Melbourne advice firm enters liquidation
Troubled Melbourne financial advice firm United Global Capital (UGC) has been put into liquidation by the Federal Court. ASIC said that creditors had resolved to wind up UGC, and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was…
Germany: Corporate insolvencies to rise 25 percent in 2025
© Agenzia Nova – Reproduction reserved In Germany, 471 companies with revenues exceeding ten million euros filed for insolvency in 2025, a 25 percent increase over last year. This is according to an analysis conducted by the corporate restructuring consultancy Falkensteg and commissioned by the German newspaper “Handelsblatt.” The largest increase in insolvencies was recorded…
The 2025 Practice Statement: Streamlining UK Schemes and Restructuring Plans
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
Australia’s environmental not-for-profit Planet Ark goes into voluntary administration MSN Read the original article here
The EU proposal for harmonisation of EU insolvency law
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
‘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
Value City fails to attract a buyer, store liquidation to begin The Business Journals Read the original article here
Are Things Finally Looking Up?
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…