NAXS AB

The Board of Directors of NAXS AB (publ) (“NAXS” or the “Company”) announces its recommendation to amend the Company’s investment mandate to allow for an orderly liquidation process of its existing portfolio of assets.

The NAXS share has traded at a persistent discount to net asset value over a long period of time. In addition, the Company has maintained a significant portion of its net asset value in cash in order to capitalize on major market dislocations, but these opportunities have not appeared, and the Company has not fully deployed this cash. The board has now concluded that shareholders are best served by realizing value through the divestment of portfolio assets, rather than pursuing new capital commitments. Since the…

NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter to 694 days at the end of June, but remains significantly higher than the prescribed 180 days, which can be extended by another 90.According to the latest numbers released by the Insolvency and Bankruptcy Board of India, 78% of the resolution plans have been ongoing for more than 270 days, indicating the extent of delay in the process that was meant to ensure strict timelines so that creditors can realise maximum value from the assets. But, litigation in multiple forums as well as limited capacity in the National Company Law Tribunal have resulted in enormous…

Todd Greenberg, CEO of Cricket Australia, has raised concerns that Test cricket may become financially unfeasible for certain nations. He has called for a focus on fewer, more prominent matches to preserve the format’s value. Greenberg believes that making Test cricket more exclusive will help maintain its prestige in the modern era.

Test cricket has been facing increasing challenges, particularly with the rise of T20 leagues and global tournaments, leaving many boards struggling. While matches between top teams remain competitive and entertaining, some of the cricket boards often lack the resources to support the demands of the five-day format.

“Not every country in world cricket needs to be committed to playing Test…

High-rate credit card debt has become a crushing reality for millions of Americans, who added a collective $27 billion to their credit card balances in the second quarter of 2025. The total amount of credit card debt is now sitting at a record-high of $1.21 trillion nationwide, while the average credit card rate is closing in on 22%. As a result, what may have once been manageable debt…

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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…

New Delhi, Aug 13 (PTI) The IBBI on Wednesday amended its Continuing Professional Education (CPE) guidelines for insolvency professionals, introducing mandatory in-person learning requirements from 2026.

As per the revised framework, IPs must complete a minimum of 30 credit hours of CPE every calendar year, except in the year of their registration.

The amendments prescribe that at least 40 per cent of total CPE credits be obtained through in-person programmes in 2026, rising to 50 per cent in 2027 and 60 per cent from 2028 onwards.

The obligation will apply even if an “IP will undertake CPE even when…