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Introduction On 11 March 2025, the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime (the Committee) released its long-awaited
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By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat.
Today, global public debt is approaching an astonishing $100 trillion. According to the International Monetary Fund (IMF), if current trends continue, by 2029 the total amount of public debt could exceed the size of the entire global economy—a level not seen since the aftermath of World War II.
This isn’t just a problem for a few nations. Major economies such as the United States of America, China, Japan, the United Kingdom, France, and Italy already have debt levels that match or surpass their annual economic output.
The PRS REIT has announced that it has received consent for a change of control within the Scottish Widows Facilities, satisfying a key condition for the proposed sale of The PRS REIT Holding Company Limited. The sale is now contingent only on shareholder approval at the upcoming General Meeting. If approved, the board intends to seek approval for the company’s voluntary liquidation to distribute net assets to shareholders.
The most recent analyst rating on (GB:PRSR) stock is a Hold with a £1.15 price target. To see the full list of analyst forecasts on PRS REIT Plc stock, see the GB:PRSR Stock Forecast page.
On 11 March 2025, the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime (the Committee) released its long-awaited report (the Report) on additional reforms to Singapore’s corporate restructuring and insolvency (R&I) landscape. The Report surveys Singapore’s R&I legislative framework, which came into effect in 2018, identifies challenges to its operation and proposes a number of enhancements to bolster Singapore’s attractiveness as a regional and global financial restructuring hub.
This article sets out the background to the Committee and to the Report before exploring each of the reform proposals in detail. It concludes with a reflection on the Report’s significance in…
Insolvency practitioners and trust creditors should take note of the recent decision of the High Court of Australia in Naaman v Jaken Properties Australia Pty Limited [2025] HCA 1(Naaman). The central question in this case was whether a successor trustee owed a fiduciary duty to its predecessor in respect to its right of indemnity and corresponding beneficial interest in the trust assets. By a 4:3 majority (Gageler CJ, Gleeson, Jagot and Beech-Jones JJ), the High Court’s response was “no”. Given the increasing use of trading trusts in Australia and invariably, the liquidation of some of them, we distil in this article the practical implications of this decision for liquidators…
Darlington-headquartered restructuring and insolvency practice Business Rescue Expert has expanded into the North West with the launch of a new Manchester operation, appointing Kevin Pinkerton as managing director.
Kevin joins after 23 years as a restructuring and insolvency lawyer, most recently serving as national head of the practice at Freeths.
A qualified insolvency practitioner, he previously worked at George Davies Solicitors and Turner Parkinson before becoming a partner at Freeths in 2010.
Kevin, who is a fellow of the Association of Business Recovery Professionals – known as R3 – said: “Business Rescue Expert has grown to become a nationally-respected…
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The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday.
Emma O’Neill Content Editor
14:56, 24 Nov 2025
Metals recycling firm Unimetals has filed for compulsory liquidation(Image: Getty Images)
Metals recycling firm Unimetals has filed for compulsory liquidation, putting around 650 jobs at risk across its nationwide operations, including its West Midlands sites in Halesowen and Smethwick.
The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday after efforts to find a buyer failed. Advisers from Alvarez & Marsal managed discussions with potential buyers, but were unable to secure a sale.
A spokesperson for Unimetals said: “We have worked…
Recycling company Unimetals, which has dozens of sites across the UK, has filed for liquidation.
The company’s head office is in Stratford-upon-Avon, and has sites scattered around the country, including London, Halesowen, Staffordshire, Greater Manchester and Devon.
It is unclear when the firm will go into liquidation, and how many jobs are at risk.
“We have worked tirelessly to explore every possible option to secure new financing for Unimetals Recycling (UK) Ltd, with the aim of meeting our financial obligations and safeguarding the future of the business,” a spokesperson said on Monday.
“This included an accelerated [Mergers and Acquisitions] process, supported by our advisers and undertaken in full collaboration with stakeholders, to…
American Signature Inc. has moved to the Delaware bankruptcy court to sell off its assets under court supervision. The Columbus-based furniture retailer plans to continue operating during the process while developing a restructuring plan for unsecured creditors.
American Signature Inc. Seeks Chapter 11 Bankruptcy Protection
According to Businesswire, American Signature Inc. (ASI) has launched a sale process under Section 363 of the U.S. Bankruptcy Code. The furniture retail chain hopes to sell its assets within approximately 45 days, aimed at…
