Company liquidations have increased significantly, despite positive lending trends and eased interest rates.

The latest Centrix Credit Indicator for August shows company liquidations are up 26 percent year-on-year, partly due to increased enforcement activity by Inland Revenue.

But chief operating officer Monika Lacey said the jump was nothing to be concerned about.

“I think the important context to provide here is that in New Zealand, we have over 700,000 registered businesses, of which 600,000 or nearly 600,000 are active.

“So, as an actual number of businesses that are going into liquidation, when you’re talking in the hundreds, it is a very…

It said that while the courts cannot introduce or delete any tender condition, the government as also the tender issuing authority must examine the issue.

“…while formulating the tender conditions, the tendering authority should not take into account the provisions of the Insolvency and Bankruptcy Code, 2016, under which a company is resurrected as an ongoing concern by a Successful Resolution Applicant (SRA), in order to achieve the objectives underlying the IBC to nurture such companies instead of…

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Reference is made to the extraordinary general meeting of Philly Shipyard ASA(under liquidation) (the “Company”) held on 25 June 2025 (the “EGM”), whereshareholders resolved that the Company would apply to delist its shares fromEuronext Expand. Subject to approval of the delisting application, the EGMfurther resolved to convert the Company into a private limited liabilitycompany(Nw. aksjeselskap) (“AS”) and to elect a new board of directors.

As announced on 10 July 2025, Euronext Oslo Børs has approved the Company’sdelisting application and determined that the delisting shall take effect from10 September 2025, with the last trading day for the Company’s shares being on9September 2025.

Following the delisting, the Company will be…

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Philly Shipyard ASA ( (AKRRF) ) has shared an update.

Philly Shipyard ASA, currently under liquidation, announced that its shares will be delisted from Euronext Expand following approval from Euronext Oslo Børs, effective 10 September 2025. The company will transition to a private limited liability company, with a new board of directors taking over management as the CEO and CFO resign. The company will remain non-operational until the completion of its liquidation process, which involves the management of escrow funds from a previous sale to…

Brief Facts

The evolving interface between competition law and insolvency regulation has given rise to a complex set of questions regarding regulatory sequencing, statutory harmonisation, and market oversight.  The Committee of Creditors (CoC), under the Insolvency and Bankruptcy Code, 2016 (“IBC”/ “the Code”), are entrusted with the responsibility of reorganisation and resolution of a debt-ridden corporate body.  The IBC, in its most ideal form, follows the democratic process to adopt a resolution plan for its debtor. A particularly contested issue has been the procedural placement of Competition Commission of India (CCI) approval in relation to the Committee of Creditors’ (CoC) vote under the Insolvency and Bankruptcy…

Personal finance is full of myths and misconceptions. No, not all debt is bad. No, buying isn’t necessarily better than renting. And, no, carrying a balance does not help your credit score.

One phenomenon is surprisingly real, though: retail therapy.

“Shopping when sad can help to alleviate the sadness faster than other methods you might be tempted to try,” confirms Scott Rick, an associate marketing professor and consumer behavior expert at the University of Michigan.

In fact, Rick led a study about retail therapy a few…

Grant has advised education organisations on matters across the full education lifecycle. Her clients have included aged care facilities, hospitals, and domestic and international charities and not-for-profit organisations.

In addition, she has tackled matters involving the purchase and sale of commercial and residential property (freehold and leasehold), property subdivision, property development, construction, environment and planning, leasing and due diligence. She has also handled the buying and selling of businesses. Her other areas of expertise include IP, privacy, data protection and cybersecurity.

As a private practitioner, Grant was a partner at Holman Webb and at Makinson d’Apice Lawyers, where she…

These units have been delivered across 16 under-construction projects by the company’s ex-management, under the supervision of a resolution professional appointed by the National Company Law Tribunal (NCLT).

The NCLT, in its order dated March 25, 2022, had admitted Supertech Ltd to the Corporate Insolvency Resolution Process (CIRP).

The promoter filed an appeal before the National Company Law Appellate Tribunal (NCLAT).

The appellate tribunal, in the June 2022 order, directed the…

These units have been delivered across 16 under-construction projects by the company’s ex-management, under the supervision of a resolution professional appointed by the National Company Law Tribunal (NCLT).

…