1. Director disqualification

Director disqualification is the process whereby a person is disqualified, from:

• becoming a director of a company
• directly or indirectly being concerned or taking part in the promotion, formation or management of a company

without permission from the court or a licence.

The Company Directors Disqualification Act 1986 (CDDA) applies. The Insolvency Service may bring proceedings on behalf of the Secretary of State if the alleged unfit conduct falls within its remit and it is instructed (authorised) to do so.

Malaysia’s Federal Court has decided that people cannot recover gambling debts, which strengthens the country’s tough position on betting agreements. This ruling came after businessman Dato’ Ting Ching Lee won his appeal against tour agent Ting Siu Hua‘s counterclaim. Ting Siu Hua had tried to get back about MYR6 million ($1.5 million) in gambling credit.

Malaysian Court Declares Gambling Contracts Void Under Public Policy

A panel of three judges headed by Tan Sri Abdul Rahman Sebli, the Chief Judge of Sabah and Sarawak, along with Justices Nordin Hassan and Abdul Karim Abdul Jalil, ruled that contracts stemming from gambling activities go against public policy and have no legal standing…

Drake left fans speechless this week after casually admitting he’s down a staggering $8 million from gambling this month alone. Naturally, the internet didn’t hold back. Roasts rolled in thick and fast, with ‘Certified Loser Boy’ quickly becoming his new online nickname – while others praised him for being transparent.

On Wednesday (18 June), the Toronto rapper took to Instagram Stories in an apparent bid to show “the other side of gambling”. One post featured a screenshot revealing he’d wagered a staggering $124,527,265 in the past month alone, with losses totalling $8,235,686.

“Losses are so fried right now,” he wrote. “I hope I can get a big win for you all soon cause I’m the only one who has never seen a max these guys max…

Cyberluck continues to face serious trouble in Curaçao and is once again under fire by the Foundation for the Protection of the Interests of Victims of Online Gambling.

The Court Declared the Operator Bankrupt

The Court of First Instance of Curaçao has declared online gambling operator Cyberluck bankrupt. The company was one of the four holders of gaming master licenses who could issue sub-licenses to other operators.

Cyberluck’s position as a master licensee prior to the reforms in the gambling hub, however, was not sufficient to prevent the company from accumulating huge debts. The company, which trades as Curaçao eGaming, was found liable for money owed by its licensees.

For example,…

One Coronation Street star was declared bankrupt years after her exit from the ITV soap. Actress Eva Pope portrayed Tanya Pooley, starring in 143 episodes between 1993 and 1994. The 57-year-old went on to appear in a number of other TV shows, including Casualty, Heartbeat, The Bill and Holby City. But Eva is perhaps best know for her role as head teacher Rachel Mason on Waterloo Road.

The same year she landed the role, it was revealed Eva had been declared bankrupt. She reportedly received a £65,000 tax bill and wracked up credit card debts of £25,000. “Eva’s a brilliant actress but failed to keep her finances in order,” a source told The Mirror at the time. “Being a jobbing actor or actress you often face long periods without a pay…

The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) ruled that the issuance of a Provisional Attachment Order (PAO) by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA), does not violate the moratorium under Section 14 of the IBC.

Cairo, 10 July 2025 (ECA) – The UN Economic Commission for Africa (ECA), in collaboration with Global Sovereign Advisory (GSA) and the Government of Egypt, concluded today in Cairo (Egypt) a four-day capacity building workshop on Debt Sustainability Analysis (DSA).

About 35 officials from the Egyptian Ministry of Finance, the Ministry of Planning, Economic Development and International Cooperation and External Debt Committee benefited from the training, which aimed to boost sustainable debt management practices through a combination of theory, exercises, best practices and guidelines tailored to the national needs. 

Key topics included borrowing cost analysis, financial and economic implications of sovereign debt, national debt…

The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt.

Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, explained that the method is designed to build momentum in the same way as a snowball being rolled downhill.

To start, you list your debts from smallest to largest — which makes it a good method for those who have multiple sources of debt.

Ramsay says you make minimum payments on everything but the smallest debt, and you “attack the little one with a vengeance.”

“Scorched-earth lifestyle. Sell so much the kids think they’re next,” he quipped.

Seven MPs have written to the Home Office to share “bankruptcy concerns” over the financial situation of Lincolnshire Police.

The letter states the force is at risk of having to issue a Section 114 notice, which would mean it may have to declare itself effectively bankrupt.

Without additional support, the MPs said it would result in planning for a reduction of 190 police officers and 180 police staff from October.

The Home Office has been approached for comment but previously told the BBC it had increased the force’s budget to £174.5m – a rise of 6.2%.

In the letter, the MPs called for an urgent meeting with Home Secretary Yvette Cooper to “discuss how the matter could be resolved”.

The findings came from independent experts at the…