For the last five years, the G20 Common Framework has struggled to deliver comprehensive, swift restructuring agreements for the countries that need it most.

It’s part of the reason why South Africa — which holds this year’s Group of 20 presidency — made debt relief a pillar of its G20 focus, including by assembling an expert panel to address the issue in Africa.

“I fully agree that [the Common Framework] has not very much delivered on what it was expected to deliver,” said Daouda Sembene, a member of that expert panel and the chief executive officer of global development advisory firm AfriCatalyst. “The results are mixed, and it requires very urgent reforms that would [help the Common Framework] deliver on the promises…

Insolvency Processes

As expected and in line in previous years, Creditors Voluntary Liquidations (CVLs) continue to account for the majority of corporate insolvencies, with 393 CVL’s recorded in the first 9 months of 2025 – 64% of overall 2025 insolvencies so far. This represents a 22% decrease on the same period in 2024. The reduction in Company led corporate closures via CVL is linked to the increased levels of creditor enforcement via Court appointed liquidations and Receiverships.

Conversely, Court appointed Liquidations increased by 107% (85) in the first 9 months of 2025 compared to the same period in 2025. Creditor led petitions accounted for 73% (62/85) of Court appointed liquidations year to date with the…

However, restructuring and insolvency body R3 has warned that the headline figures mask rising financial distress for businesses and individuals amid significant economic uncertainty.

Corporate insolvencies fell to 298, a 5% decrease compared to the same period last year and a 10% drop from the previous quarter. Despite this, Emma Widdowson, chair of R3 in Scotland, noted that ongoing…

The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Reliance Retail Ventures Limited (RRVL) as the successful bidder for Future Supply Chain Solutions Limited (FSCSL), with a resolution plan amounting to approximately Rs 171.39 crore. This order brings to a close a corporate insolvency resolution process (CIRP) that lasted over two and a half years.

The insolvency of Future Supply Chain Solutions was initiated on January 5, 2023, following an application filed by operational creditor DHL Ecommerce (India) Private Limited. Rajan Rawat was appointed as the Interim Resolution Professional, who later continued as the Resolution Professional (RP).

FSCSL was admitted into CIRP with admitted financial claims…

Giga Fun Studios Private Limited, a Bengaluru-based mobile casual gaming startup, has commenced a voluntary liquidation process, according to a public announcement released recently. The liquidation commenced on October 17, 2025, and stakeholders have been given until November 15, 2025, to submit their claims to the appointed liquidator, Manisha Rawat.

Founded as recently as November 2022 by Rahul Shekhar, Rahul Daga, and Krishnendu Mukherjee, Giga Fun Studios was a developer of mobile-based casual video games, operating in a space similar to giants like Zynga.

According to Tracxn, Giga Fun Studios had shown early promise, securing a $2.4 million Seed funding round in January 2023. The round was led by prominent…

With 30+ years of expertise, The Home Loan Arranger says fast Colorado Springs refinances help cut debt, lower payments, and unlock equity.

COLORADO SPRINGS, CA, UNITED STATES, October 23, 2025 /EINPresswire.com/ — In today’s fast-paced financial environment, time is money — and no one understands that better than Jason Ruedy, The Home Loan Arranger, one of the nation’s most trusted mortgage experts and a leading resource for Colorado Springs homeowners looking to refinance with speed and precision. With more than 30 years of experience in mortgage lending, Ruedy is emphasizing the crucial role that fast mortgage closings…