The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging as a key part of the Sevilla Agreement outcome document.

“This is not just talk – this is execution,” said Egypt’s Minister of Planning and Economic Development, Dr Rania Al-Mashat. “The Borrowers’ Forum is a real plan, driven by countries, to create a shared voice and strategy in confronting debt challenges.”

Rebeca Grynspan, Secretary-General of UN Trade and Development ( UNCTAD ), said developing nations often face creditors as a united bloc while negotiating alone. “Voice is not just the ability to speak – it’s the power to shape outcomes. Today, 3.4 billion people live in countries that…

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There were 407 insolvencies during the first half of 2025, down by one per cent from the same period of last year (412). Insolvencies were spread evenly between the first (206) and second (201) quarters, according to Deloitte.

Creditors’ voluntary liquidation, ie company-led closures, decreased 18 per cent year-on-year from 323 in H1 2024 to 266 in the first six months of this year, but court liquidations more than doubled from 19 to 42.

Revenue was the petitioner in 27 out of 42 or 64 per cent of court liquidations in H1, up from six out of 19 (32 per cent) during the first six months of 2024.

Deloitte attributed the rise to companies being unable to meet phased payment agreements with Revenue as part of the Covid-19 debt…

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In a significant judgement addressing the limitation framework under the Insolvency and Bankruptcy Code, 2016, the National Company Law Appellate Tribunal (NCLAT), New Delhi Bench, upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Extol Industries Ltd. under Section 7 of the IBC. The Ld. Tribunal clarified that when a financial liability is repeatedly carried forward in a corporate debtor’s balance sheets over successive financial years, without evidence of fresh borrowings, such entries constitute a valid acknowledgment of debt under Section 18 of the Limitation Act, 1963, even if the financial creditor is not expressly named in each instance.
The judgment arose from an appeal challenging the…

Mumbai, Jul 2 (PTI) The National Company Law Tribunal (NCLT) has approved the resolution plans of Adani Properties for two HDIL assets, including Project BKC in Bandra Kurla Complex and Shahad Maharal Lands in Thane district as part of its insolvency process.
    This was part of the corporate insolvency resolution process (CIRP), with Adani Properties being the sole bidder meeting the Insolvency and Bankruptcy Code (IBC) requirements for the two assets of Housing Development and Infrastructure Limited (HDIL).
    The Mumbai bench of NCLT approved the resolution plans under Section 31 of the IBC, 2016, on June 27.
    The committee of creditors (CoC) had cleared both plans, which are valued at over Rs 2,000 crore, with a 66.08…

Malik Beasley seems to be in some deep water.

Amid a federal investigation into gambling allegations made earlier this week, it has now been revealed that the NBA free agent with nearly $60 million in contract earnings across his nine-year career is facing financial woes that include multiple debts and lawsuits against him.

It was reported Tuesday that Beasley is being sued by his former marketing agency for failing to repay in full a $650,000 advance. Then, The Detroit News reported Tuesday evening the sharpshooter has incurred debts to a celebrity barber, a dentist, a landlord and a lender — all in addition to the New York-based marketing firm.

Introduction

The major emphasis of this financial analysis report will be to determine whether ABC Office Solutions should move from a partnership firm into Limited by Guarantee Company followed with an investment appraisal of a manufacturing facility and aspects relating equity finance. Calculations and recommendations are offered to help strategic decisions in the dynamic business environment.

Part 1: Meeting with the Partners

a. Explanation of Inability to Recover £10,000

In the case of ABC Office Solutions, Ali, Brenda, and Clive are unable to recover the amount of £10,000 from the shareholders of the bankrupt firm as a result of the laws that control these kinds of organizations. In this sense, an incorporated company that…

There have been 173 insolvencies in the broad services sector, while there have been 66 in the hospitality sector.

While the hospitality sector saw a 14% drop in insolvencies year-on-year, Deloitte said the sector continued to face a high level of insolvencies.

The firm said hospitality had the highest number of insolvencies of any…

Thailand’s Cabinet has approved a significant expansion of the “You Fight, We Help” debt relief programme, extending assistance to an additional 1.8 million people across approximately 2 million loan accounts worth 310 billion baht in outstanding credit.

The enhanced scheme, announced on Tuesday, broadens eligibility criteria and increases settlement limits whilst extending the registration deadline until 30th September 2025

Deputy Finance Minister Paopoom Rojanasakul confirmed the Cabinet’s decision, emphasising the government’s commitment to making financial assistance more accessible through three revised measures.

Expanded “Pay on Time, Keep Assets” Programme

The flagship measure now includes borrowers…