Property developer China Evergrande Group announced on Tuesday that the Hong Kong stock exchange has decided to delist it, effective Aug 25, and the company confirmed it will not apply for a review.

The announcement came after a letter was received from the bourse operator on Friday, stating that Evergrande, which is already in the process of liquidation, “failed to fulfil any of the requirements” for resumption of trade.

The final listing day will be Aug 22, with the delisting taking effect three days later, bringing an end to its 16-year run as a Hong Kong-listed entity.

Trading of the company”s shares has been halted since Jan 29, 2024, the same day the Hong Kong High Court ordered its liquidation….

The rising cost of living and a pandemic hangover have put the pressure on businesses, sending nearly 1300 into liquidation already this year.

New Zealand is riding its highest wave of company liquidations in more than a decade, with thousands of businesses folding and countless livelihoods caught in the crossfire.

Many more are holding on, but just.

In the first half of this year alone, 1270 businesses have shut their doors – a 12 percent increase on this time year.

It’s now anticipated that the total number of liquidations for the year will…

The liquidation of China Evergrande Group, now in its second year, has become a case study in the complexities of corporate insolvency in a globalized, hyper-leveraged economy. With $45 billion in total debt and a corporate structure spanning 3,000 legal entities, the company’s collapse has tested the limits of cross-border legal frameworks, creditor coordination, and regulatory resolve. As joint liquidators Edward Middleton and Tiffany Wong of Alvarez & Marsal navigate a labyrinth of overlapping ownership and jurisdictional barriers, the process has exposed critical lessons for investors and policymakers alike.

The Asset Recovery Conundrum

To date, liquidators have sold just $255 million of Evergrande’s assets, a fraction of the…

By Alex Wittenberg ( August 13, 2025, 6:33 PM EDT) — The operator of United Kingdom-based stores of the bankrupt jewelry retailer Claire’s said Wednesday it would open an insolvency proceeding and appoint administrators, one week after Claire’s filed for Chapter 11 protection in Delaware bankruptcy court….

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Many of the changes to the Insolvency and Bankruptcy Code (IBC), proposed in the Bill tabled in the Lok Sabha on Tuesday, were long overdue. To be sure, the corporate insolvency resolution process (CIRP) has been amended from time to time to plug loopholes—it was amended six times in the first five years. However, the mechanism continued to suffer from infirmities and, as was highlighted by the Supreme Court in its recent order in the Bhushan Steel-JSW Steel case, resolutions have come about at the cost of regulatory compliance. Among the key changes this time around is the introduction of a creditor-led resolution process which can be kicked off provided 51% of the financial creditors, by value, concur.

Creditor-led process for…

While carrying high amounts of debt is rarely ideal, this issue isn’t always the result of reckless spending. For many Americans, it’s caused by the fallout of rising living costs, medical emergencies, job loss or simply trying (and failing) to keep up with the payments on high-rate credit cards. After all, as those balances grow and the compound interest piles up, what once felt manageable can quickly spiral…

The Cricket Australia chief executive, Todd Greenberg, has warned some nations will go “bankrupt” if they continue to play the longest format of the game, stressing he sees a future with fewer Test nations.

Admitting he has become a “little unpopular” since taking over from Nick Hockley in March, the former Australian Cricketers’ Association boss believes “scarcity in Test cricket is our friend, not our foe”.

“I don’t think everyone in world cricket needs to aspire to play Test cricket, and that might be OK,” Greenberg said on Wednesday with 100 days to go before the Ashes. A lot of traditionalists might not like that.

“I’m not suggesting I know the number that will play, but literally we’re trying to send…

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