Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals, semiconductors, and automobiles. These actions have provoked countermeasures from China and others. While these developments are rightly seen as geopolitical, trade actions—and the uncertainty they create for market access and supply chains—have direct and increasingly material implications for companies in financial distress, and for their advisers.
This article is the first in a series that will analyze these intersections and consider how trade barriers function as both cause and complication in corporate…
In this episode of the Lowenstein Bankruptcy Lowdown, partners
David M. Posner and Daniel B. Besikof discuss how
tariffs—originally intended as tools of industrial
policy—are now accelerating corporate bankruptcies by
inflating costs, disrupting supply chains, compressing margins, and
pushing financially fragile companies into insolvency.
Speakers:
David M. Posner, Partner, Vice Chair,
Bankruptcy & Restructuring Department
(Aug 14): The Philippine central bank has ordered mobile wallets, payment applications and other supervised institutions to remove links to online gambling platforms.
The financial firms have 48 hours to take down icons redirecting to Internet betting, Bangko Sentral ng Pilipinas deputy governor Mamerto Tangonan said at a Senate hearing on Thursday, citing a decision from the central bank’s policy-making Monetary Board.
Senators are tackling proposals to either restrict or ban online gambling amid concerns over debt and addiction. President Ferdinand Marcos Jr earlier said a ban could stoke illegal online betting.
E-wallets like GCash, owned by fintech unicorn Mynt and valued at US$5 billion (RM21 billion), have been instrumental in…
The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2026-27 and beyond. Regular consultations with market participants are an integral and valued part of the debt management process and all market participants are encouraged to provide input.
The Debt Management Strategy consultations will take place in September and October 2025. A summary of comments received from market participants will be made available on the Bank of Canada’s website.
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members.
According to the official statement, at the end of July Klug submitted an application to the Federal Office of Public Health (BAG) for bankruptcy and license revocation, which will take effect on January 1, 2026.
On August 6, the Federal Labor Court confirmed this decision, allowing the company access to its related assets.
Following the discovery of unrecorded payments amounting to approximately CHF 2.4 million, the situation, according to the BAG, “unexpectedly and significantly worsened.” The agency is now investigating whether these…
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
A Christchurch courier company that went into liquidation owing more than $1.2 million has been the victim of broken promises, sabotage, and professional failings, its sole director says.
NJ & MS Holdings Limited, trading as Point to Point, was placed into liquidation by the Greymouth High Court on June 30 after an application from Inland Revenue.
Speaking to chrislynchmedia.com, director Taipua Feast said she had put “her heart and soul” into the business and never imagined it would end this way.
“I’ve run the business for the last eight years,” she said. “I went in as an independent contractor for a big courier company and ended up putting on additional vehicles to help them when they couldn’t get other contractors.
While the West Indies tries to determine a way to improve its once-fearsome Test team, Cricket Australia chief executive Todd Greenberg warns that some rivals — without naming names — will go “bankrupt” if they continue to play the longest form of the game.
Greenberg, a former Australian Cricketers’ Association chief who took over at the sport’s national governing body in March, believed “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 told media at an event marking 100 days to go before the Ashes series Down Under between England and Australia.
There were 12 full members of the International Cricket Council…
Property developer KWG Group Holdings Ltd. (1813.HK) said on Wednesday that Shandong Sunlight Xin Tiandi Micro-finance Com. Ltd. filed a winding-up petition against the company with Hong Kong’s High Court on Aug. 11. The petition relates to approximately 642 million yuan ($89.48 million) in unpaid guaranteed obligations and accrued interest of 136 million yuan owed to Shandong Sunlight by KWG.
KWG said it will consider filing an application for a validation order with the High Court, taking into account the petition’s developments alongside its offshore debt restructuring progress. The High Court has scheduled the first hearing for Oct. 22.
KWG’s aggregate bank and other borrowings, senior notes, and onshore…
While the West Indies tries to determine a way to improve its once-fearsome test team, Cricket Australia chief executive Todd Greenberg warns that some rivals – without naming names – will go “bankrupt” if they continue to play the longest form of the game.
Greenberg, a former Australian Cricketers’ Association chief who took over at the sport’s national governing body in March, 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 told domestic media at an event marking 100 days to go before the Ashes series Down Under between England and Australia.
There are 12 full members of the International Cricket Council…
BRISBANE, Australia (AP) — While the West Indies tries to determine a way to improve its once-fearsome test team, Cricket Australia chief executive Todd Greenberg warns that some rivals — without naming names — will go “bankrupt” if they continue to play the longest form of the game.
Greenberg, a former Australian Cricketers’ Association chief who took over at the sport’s national governing body in March, 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 told domestic media at an event marking 100 days to go before the Ashes series Down Under between England and Australia.
It is welcome that the government has brought in a bill to amend the Insolvency and Bankruptcy Code (IBC) of 2016. It is equally welcome that the bill in Parliament has been referred right away to a select committee.
Legislation of this kind calls for careful deliberation, an opportunity for stakeholders to present their views to lawmakers and for the latter to arrive at a balanced view of the statutory proposals. That we need to amend the working of the corporate insolvency resolution process (CIRP) under the IBC is beyond dispute.
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