Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The tax cuts bill currently being debated by the US Senate will add another US$3 trillion (A$4.6 trillion) to US debt. President Donald Trump calls it the “big, beautiful bill”; his erstwhile policy adviser Elon Musk called it a “disgusting abomination”.
Foreign investors have already been rattled by Trump’s upending of the global trade system. The eruption of war in the Middle East would usually lead to “flight to safety” buying of the US dollar, but the dollar has barely budged. That suggests US assets are not seen as the safe haven they used to be.
Greg Combet, chair of Australia’s own sovereign wealth fund, the Future Fund, outlined many of the new risks arising from US policies in a speech on Tuesday.
The Fifteenth Debt Management Facility Stakeholders’ Forum (“DMF Forum”) organized by the World Bank will take place at the French Treasury, Ministry of Economy and Finance, Paris, France on June 26-27, 2025. This year’s Forum will focus on discussing innovative solutions to enhance the quality of public debt management and strategies to mitigate global and regional shocks. The audience will include high-level policymakers, senior government officials, debt management experts, development partners, technical assistance providers, and representatives from civil society organizations.
Agenda and speakers will be available soon.
About DMF
The Debt Management Facility (DMF) is a multi-donor trust fund, offering advisory…
SINGAPORE – Private members’ club 1880 announced its sudden closure on June 17 after almost eight years in business, with its holding and operating companies placed under provisional liquidation.
The club, located in Robertson Quay, explained the closure in e-mail and WhatsApp messages to members in the early hours of June 17. It said it could not secure several offers to invest in or acquire 1880, and has no funds to pay staff and suppliers.
The message, which was seen by The Straits Times, was signed off by Canadian founder Marc Nicholson. It said: “The club and all its operations will cease immediately. Please do not come to the premises as the doors will be locked.”
Mr Nicholson said in the message that the holding company 38…
The Ahmedabad bench of the insolvency tribunal appointed interim resolution professionals for both debt-ridden companies after suspending their respective boards.
In the matter of Gensol Engineering, a two-member NCLT bench said Indian Renewable Energy Development Agency (IREDA) has established a financial debt of Rs 510 crore by the company through ledger extracts, TRA statements, demand notices, and NeSL records.
“The Respondent/Corporate Debtor Gensol Engineering Ltd is admitted in the Corporate Insolvency Resolution…
QUEBEC CITY, Canada, June 16, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today announces that, further to its press release dated June 11, 2025, it intends on making an assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) (the “BIA”).
QUEBEC CITY, Canada, June 16, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today announces that, further to its press release dated June 11, 2025, it intends on making an assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) (the “BIA”).
After careful consideration of all available alternatives, including undertaking a strategic review which was unsuccessful in identifying a suitable acquirer or commercial partner or raising sufficient capital, as well as further to the Company having received a notice of…
EchoStar Corp SATS opened a whopping 45% up on Monday following reports that President Trump has stepped in to resolve a conflict between the satellite communication company and the FCC.
According to Bloomberg, the US President has urged EchoStar to consider a deal with the regulator that could potentially end the feud over its wireless spectrum licenses.
Despite today’s surge, EchoStar is down over 20% versus its year-to-date high in late February.
Why have EchoStar and FCC been in a conflict?
In May, FCC announced an investigation to determine whether EchoStar is in breach of regulatory obligations pertaining to its wireless and satellite spectrum licenses.
Reports last week even suggested that Brendan Carr, the agency’s Chairman, has…
QUEBEC CITY, Canada, June 16, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today announces that, further to its press release dated June 11, 2025, it intends on making an assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) (the “BIA”).
After careful consideration of all available alternatives, including undertaking a strategic review which was unsuccessful in identifying a suitable acquirer or commercial partner or raising sufficient capital, as well as further to the Company having received a…
