Insolvency Guardian Media Centre

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.
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Archbishop Gabriele Caccia, Permanent Observer of the Holy See to the United Nations, addresses the UN's 'Second Committee Debate on
Chick-fil-A Singapore owner is doing it to inspire his teenage son. (PHOTO: Gary Hershorn/Getty Images)Singaporean entrepreneur Chyn Koh sampled Chick-fil-A
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inance Minister Purbaya Yudhi Sadewa has ruled out any state budget spending to service the debt incurred in the construction
Former Finance Minister Trevor Manuel has joined a coalition of leading global economists and policymakers in urging the International Monetary
A group photograph of stakeholders at the engagement session The Office of the Registrar of Companies (ORC) says it will
Not so fast: Disputed debts and arbitration clauses as a shield against insolvency
Groups blast lack of progress on debt issues during South Africa’s G20 presidency  DD News Read the original article here
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Several established Chinese restaurants in Auckland, renowned for serving authentic Cantonese dim sum, have gone into liquidation in recent months.Some
African leaders and development experts are calling for immediate international debt relief as a growing public sector crisis hampers vital

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Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) just unveiled an announcement.

Beijing Jingcheng Machinery Electric Co Ltd has announced that its subsidiary, Tianhai Cryogenic, is facing liquidation proceedings initiated by Beijing Langhui Technology Co., Ltd. due to unpaid debts amounting to RMB 450,501.01. The petition for liquidation was filed as Tianhai Cryogenic is unable to settle its debts and lacks solvency, which could impact the company’s financial stability and stakeholder interests.

More about Beijing Jingcheng…

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Archbishop Gabriele Caccia, Permanent Observer of the Holy See to the United Nations, addresses the UN’s ‘Second Committee Debate on Item 18: Sustainable Development,’ and insists that ecological debt owed to developing countries must be rectified, biodiversity be protected, and there must be greater education for integral ecology.

By Deborah Castellano Lubov

Archbishop Gabriele Caccia, Permanent Observer of the Holy See to the United Nations, addressed the UN on 13 October in New York during the Second Committee Debate on “Item 18: Sustainable Development.”

In his address, the Permanent Observer called for education, concrete action, and a transformation of mentalities to protect the environment.

Renewed and courageous…

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Chick-fil-A Singapore owner is doing it to inspire his teenage son. (PHOTO: Gary Hershorn/Getty Images)

Singaporean entrepreneur Chyn Koh sampled Chick-fil-A only after deciding to commit his future to it. By the time he finally tasted the brand’s signature chicken sandwich in May in Singapore, he had already completed a rigorous seven-month interview process to become the owner-operator of its first Asian outlet. Initially skeptical of a sandwich made with chicken breast – a cut often dismissed by locals – Koh was quickly converted. The 49-year-old recalled: “I took my first bite and then, boom. How can a piece of chicken with two buns and two pickles taste so good?”

A seasoned fast-food veteran who spent 17 years as a Subway

Read the original article here

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inance Minister Purbaya Yudhi Sadewa has ruled out any state budget spending to service the debt incurred in the construction of the Jakarta-Bandung high speed railway, Whoosh.

Purbaya noted that the state-owned enterprises (SOEs) involved in Whoosh were managed by state asset fund…

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Former Finance Minister Trevor Manuel has joined a coalition of leading global economists and policymakers in urging the International Monetary Fund (IMF) and the World Bank to overhaul their approach to debt held by poor countries.

“It would be a massive game changer. The problem is that too many countries face the challenge – they default. There are some countries that avoid the actual default against the banks but then default against their people. So, the issues like understanding of health, education and general social protection across the continent are the manifestations of that. It has to be a development default rather than the default on the banks, and this is growing in leaps and bounds, and it’s deeply, deeply worrying for…

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A group photograph of stakeholders at the engagement session

The Office of the Registrar of Companies (ORC) says it will collaborate with stakeholders to ensure effective implementation of Ghana’s Corporate Insolvency and Restructuring Act (CIRA), 2020 (Act 1015).

Maame Samma Peprah, Acting Registrar of Companies, said the ORC was committed to supporting institutions and businesses in understanding and applying the provisions of the Act, which provided mechanisms to rescue viable but distressed companies through restructuring rather than liquidation.

“The ORC is ready to work with all stakeholders. At the call of any stakeholder, we will make ourselves available to explain the Act’s details and assist in properly dissolving or…

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Not so fast: Disputed debts and arbitration clauses as a shield against insolvency proceedings – Financial Fortune Media






























Read the original article here

Groups blast lack of progress on debt issues during South Africa’s G20 presidency  DD News

Read the original article here

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Several established Chinese restaurants in Auckland, renowned for serving authentic Cantonese dim sum, have gone into liquidation in recent months.

Some of the Chinese eateries still standing say they are struggling to stay in business.

Yum cha, a Cantonese dining tradition that pairs tea consumption with small, shared dishes known as dim sum, has long been a hallmark of Chinese restaurants nationwide.

Now, however, the long-standing tradition is under strain.

Sluggish consumer spending, rising operational costs and changing dining habits have forced some operators to shut their doors.

Imperial Palace Restaurant, which opened in Mt Wellington in 2009, was placed into liquidation on June 4.

Read the original article here

African leaders and development experts are calling for immediate international debt relief as a growing public sector crisis hampers vital services across the continent.

In a high-level meeting in Addis Ababa, finance ministers from 12 African Union member states pushed for suspension of external debt payments and new financing to support the public sector. According to Al Jazeera, they warned that without urgent intervention, health, education, and infrastructure systems are at risk of collapse.

The African Development Bank estimates that more than half of all African nations are currently operating in debt distress or at high risk of it. Many governments are struggling to fund basic public services and wages amid…

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