Questions have been raised over whether Nottingham City Council should have been declared effectively bankrupt two years ago.

The authority has passed on information to a financial organisation over the decision, which has contributed to further widespread cuts across the city.

Senior councillors say they were prevented from scrutinising the move – highlighting that councils with far greater budget gaps avoided a similar fate.

On 29 November 2023, the Labour-led council’s corporate director for finance – known for legal reasons as its Section 151 officer – issued a notice that, in effect, declared the authority bankrupt.

While councils cannot go bankrupt, the issuing of the Section 114 notice meant the authority was unable to set a…

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Germany: Vollert filed for insolvency at the Heilbronn District Court in July 2025. Just a few weeks before this filing, the company had secured two major new contracts, but was unable to utilise bank guarantees to fulfil these orders.

Founded in 1925, Vollert focuses on rail-based products such as shunting robots, traction modules, and transport carts for specialised cargo. In recent years, its shunting robots have been introduced in markets like Kazakhstan and Finland. The company also operates subsidiaries in Brazil, India, China, and the United States.

According to Vollert, the primary reason for insolvency was a decline in global demand across all…

The number of bankruptcies in the Netherlands dropped significantly in July. According to Statistics Netherlands, a total of 299 companies were declared bankrupt in July, which is 109 fewer than during the same period last year, a drop of 27 percent. It was also 4 percent fewer than in June.

The bankruptcy rate, the number of bankruptcies per 100,000 companies, was 8.1 in July. A year earlier, 11.3 out of every 100,000 companies were declared bankrupt.

Since March of this year, Statistics Netherlands has placed greater emphasis on the bankruptcy rate, which it says provides a better picture of trends in the number of bankruptcies. It also allows for better comparisons between sectors, as the number of companies can fluctuate over time…

Mohammed Saqib Choudrey, 33, has been disqualified from being a director of a company for the next 10 years.

Choudrey, of Eskdale Close, applied for the loan of £50,000 for his business Legit Limited during the Covid-19 pandemic.

Under the BBL scheme, businesses could apply for a loan of between £2,000 and £50,000, subject to a maximum of 25 per cent of their turnover.

Guidance at the time also stated the company must be engaged in trading or commercial activity at the time of the application.

Legit Limited, which was based in Houghton Place, Bradford, had been dormant for five years before being bought by Mr Choudrey six weeks before he applied for the loan.

When applying for the loan, Mr Choudrey had…

Avance Gas Holding Ltd’s decision to pursue a voluntary liquidation and de-listing marks a pivotal moment in its corporate history. Shareholders approved the winding-up process on May 16, 2025, appointing Michael Penrose of EY Bermuda Ltd. and Igal Wizman of EY Bahamas Ltd. as Joint Liquidators (JLs). The de-listing from the Euronext Oslo Børs, effective August 25, 2025, underscores a strategic shift to conclude operations in a structured, transparent manner. For investors, this move raises critical questions about the company’s financial health, the rationale behind the liquidation, and the potential for residual asset distribution.

Strategic Rationale: A Calculated Exit

Avance Gas’s liquidation reflects a response to evolving…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….