“The global rise in business insolvencies is a particular focus of concern, with companies and leaders exposed to potential claims from lenders seeking to recover funds, or from shareholders who allege breach of fiduciary duty,” said Maxwell. “At the same time, the litigation landscape and enforcement are increasingly stringent, and we are seeing regulatory bodies across the globe step up scrutiny of corporate conduct, making D&Os more vulnerable to investigations, penalties and lawsuits.”

Liberated Brands began liquidation sales at its U.S.-based retail fleet Thursday, including many Volcom, Quiksilver, Billabong, Honolua and RVCA stores.

The company is working with retail liquidation experts Gordon Brothers on the process, SESO has learned.

Liberated operates about 100 stores in the region after adding former Boardriders-owned stores to its existing Volcom store fleet.

Authentic Brands Group, the owner of Volcom, RVCA, Quiksilver, Billabong, DC Shoes, Spyder, and myriad other brands, has pulled licenses previously held by Liberated Brands and given them to new operators.

So far, Authentic has not found new licensees for the retail stores and financially distressed Liberated is liquidating…

KAIJU! Beer have emerged from voluntary administration after creditors unanimously approved a Deed of Company Arrangement put forward by the founders.

It means Callum and Nat Reeves will keep control of the brewery they launched with their family, with Callum saying in a media statement that they were excited about the opportunities ahead for the indie brewery. 

“We are confident the restructuring will ensure the business is in a stronger position to compete in challenging market conditions,” he said. 

KAIJU!’s overarching South East Brewing Company appointed DBA Reconstruction and Advisory on January 8. The founders called it a necessary decision to handle the debt they’d accumulated over a number of…

A COALITION of 20 charities is lobbying the Government to introduce a debt-cancellation scheme for lower-income countries in the Roman Catholic Church’s Jubilee Year.

In a letter published this week, Christian Aid, Debt Justice (formerly Jubilee Debt Campaign), and other charities argue that high debt-servicing costs are preventing global-South governments from investing in “vital public services” such as education and health, and efforts to limit climate change.

The letter reports that 32 African countries spend more on paying external debts than they do on health care. It also reports that debt payments for lower-income countries are at their highest for 30 years. Private lenders such as banks, hedge funds, and oil traders…

Pop superstar Bruno Mars has set the record straight regarding swirling rumours that he created his latest hit single with rapper Sexyy Red to clear an alleged $50 million gambling debt.

The singer, known for his charisma and sense of humour, brushed off the speculation, turning the controversy into a moment of celebration for his recent achievements.

Mars went viral following the release of his provocative new track, “Fat, Juicy and Wet,” last week. Fans were stunned by the explicit lyrics and bold energy of the song, which also features cameos from global icons Lady Gaga and Blackpink’s ROSÉ in its accompanying music video. Despite the initial shock, the single has become an instant hit, amassing over two million streams…

Ghana has marked a pivotal moment in its efforts to restructure its staggering debt, following the signing of the Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC). This milestone, announced by Finance Minister Cassiel Ato Forson, formalizes the debt restructuring agreement initially reached with creditor nations and is expected to provide the country with approximately $2.8 billion in debt service relief.

The agreement, finalized on January 31, 2025, is part of the broader Common Framework for Debt Treatment, which aims to stabilize Ghana’s finances after the nation defaulted on various external debts back in 2022. Forson expressed gratitude to all 25 participating creditor countries for…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will…