World leaders pose for a ‘family photo’ during the G20 summit in Johannesburg.
| Photo Credit: Reuters
The G20’s leadership is heading away from the Global South just as debt problems in poorer countries threaten to flare again, testing whether the group’s ambitions on debt relief will translate into action under a United States presidency.
South Africa on Sunday (November 23 , 2025) handed the G20 presidency over to the United States, completing a run of four major emerging economies, including Indonesia, India and Brazil, steering the group, years in which debt sustainability across developing nations became an increasingly…
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South Africa’s G20 debt focus to be tested as US takes the chair Reuters
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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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Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital.
Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating unsold food to relief organisations.
Since its founding, the company has returned $30 million to local businesses and redistributed 11.5 million kilograms of quality food.
Yume has appointed Rebecca Gill, Robert Ditrich and Craig Crosbie of Teneo Financial Advisory Australia as liquidators.
The liquidators have launched an immediate sale process for the…
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Repeat offender dog daycare owner fined $100k, liquidates company Stuff
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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The chair of Spirit of Tasmania operator TT-Line has disputed an auditor-general opinion that the ferry company is insolvent, saying that it would be “perverse” for the government to allow it to go under.
TT-Line chair Ken Kanofski appeared at a parliamentary scrutiny hearing on Monday morning, where he responded to questions about the state-owned company’s solvency.
Auditor-general Martin Thompson formed the view that TT-Line was insolvent in July because it could not pay its debts over the long term, and informed the Australian Securities and Investments Commission (ASIC) on July 31.
TT-Line had its debt capacity increased from $990 million to $1.4 billion in July — and is negotiating to extend the repayment until 2028 — while it…
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The National Company Law Appellate Tribunal (NCLAT), Chennai, has upheld an order of the Kochi Bench of the National Company Law Tribunal (NCLT) directing two suspended directors of. to jointly and severally repay ₹1.20 crore to the liquidation estate on finding that they fraudulently diverted the said amount via unauthorised accounts.
The liquidation proceedings arose after the failure of the Corporate Insolvency Resolution Process (CIRP) initiated against Axiomata Elevators Pvt. Ltd. in November 2019. Following liquidation in October 2022, the appointed liquidator, Mr Renahan Vamakesan, identified a series of transactions that, in his view, were designed to siphon off funds and defraud creditors.
These included…
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The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed appeals filed by UCO Bank challenging the rejection of its claim in the Corporate Insolvency Resolution Process (CIRP) and the subsequent approval of the resolution plan.
The Tribunal ruled that loans sanctioned by UCO Bank to homebuyers under Tripartite Agreements did not constitute financial debt owed by the corporate debtor.
The dispute arose from UCO Bank’s claim of ₹18.82 crore, filed in Form-C during the CIRP of Bulland Buildtech, a real estate company engaged in the residential project “Bulland Elevates” in Greater Noida. The Bank argued that it had sanctioned home loans to 45 unit-holders, disbursing amounts…
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