Insolvency Guardian Media Centre
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On 8 August a Court of Session commercial judge refused to make a first order in a petition to wind up a company, declining to authorise its intimation and service. Instead the judge granted the respondents’ motion to dismiss the petition.
The company had lodged a caveat and appeared by counsel, as did two of its directors, who had not lodged caveats. The company had been placed into voluntary liquidation. The petitioner objected that only the liquidator could appear for the company. Lord Lake held that the validity of the voluntary liquidation was contested, and said that “I therefore consider that counsel was validly instructed on behalf of the company … So far as the…
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Pakistan plans to utilise hedging instruments to manage exchange rate volatility risks, while also working to develop domestic futures and interest rate swap markets, according to the “Medium Term Debt Management Strategy (MTDS) for FY 2026-28” released by the Debt Management Office, Finance Division.
“The government is committed to actively managing foreign exchange (FX) risk. There are plans to use hedging instruments to mitigate exchange rate volatility risks,” read the Medium Term Debt Management Strategy FY2026-28.
The MTDS projects that nominal GDP will rise from Rs114.7 trillion in FY 2025 to Rs162.5 trillion by FY 2028, driven by growth in the agriculture and manufacturing sectors. It also anticipates an average primary…
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The National Insurance Commission (NAICOM) has given insurers and reinsurance companies a 12-month period to comply with the new minimum capital requirement (MCR).
The MCR was introduced by the Nigerian Insurance Industry Reform Act (NIIRA), 2025.
In a circular released in Abuja on Friday, it was said that any company that failed to meet the prescribed MCR within the stipulated period would be liquidated, merged, or any other regulatory resolution deemed appropriate by the commission would be considered.
The circular was signed by Usman Jankara, the Deputy Commissioner, Technical of NAICOM.
NIIRA 2025, recently assented to by President Bola Tinubu, introduced a higher MCR of N10 billion, N15 billion, N25 billion and N35 billion for life,…
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Texas judge orders Infowars liquidation to pay Sandy Hook families almost $1.5 billion MSN
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Bruno Mars Says He’s Almost Debt-Free After Foray Into K-Pop MSN
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MasterChef star Reynold Poernomo has received some tough news this week with his high-end dessert bar in Melbourne going bust.
The business behind KOI Dessert Bar in Melbourne, known for its luxurious, highly creative, and visually stunning treats, has entered voluntary administration.
The family run business, which also has two establishments in Sydney, became known to the public when Poernomo placed fourth on the 2015 series of the beloved Channel 10 show.
It’s the latest in a series of blows for the popular chef, who’s business Monkey’s Corner in Sydney entered liquidation in May, according to Herald Sun.
The business, which was opened back in 2017, reportedly owed almost $500,000 to creditors at the time of its closure, including…
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Former England star declared bankrupt after ‘burying his head’ over £36,000 tax bill MSN
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‘I was not siphoning money’: Boss of failed company defends ‘flashy’ lifestyle Stuff
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Business Wire – 1 hour ago
MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends:
- Quarterly dividend of $0.35263005 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA).
- Semi-annual dividend of $29.375 per share on the company’s 5.875% fixed-to-floating rate non-cumulative preferred stock, Series D, with a liquidation preference of $1,000 per share.
- Quarterly dividend of $351.5625 per share on the company’s 5.625% non-cumulative preferred stock, Series E, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in…
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Report: Twins’ limited partners will help pay off debt; payroll impact unclear MSN
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Echoes of 1999 and 2007 aren’t hard to hear, but what does that mean for investors?
In his 2023 letter to shareholders, Warren Buffett reminded Berkshire Hathaway investors that major market panics “won’t happen often — but they will happen.” They are a fact of life in markets ultimately made up of humans — humans prone to getting caught up in waves of “feverish activity” and “foolishness.”
And while this has always been the case, Buffett was particularly concerned with the level to which the modern market appeared “casino-like,” pointing out that “the casino now resides in many homes and daily tempts the occupants.”
Now, two years later, as the S&P 500 (^GSPC -0.29%) sets new record highs, the total