Contents1 Applies to England and Wales2 Summary3 Call for evidence description4 1. Introduction Get emails about this page Applies to England and Wales Summary The Rules include a requirement to carry out a review of the secondary legislation and publish a report setting out the conclusions of that review. This call for evidence ran from…
DetailsSept 8 (Reuters) – Goodyear Tire & Rubber (GT.O) has approved a rationalization and workforce reorganization plan in Europe, the Middle East and Africa that would lead to 1,200 job cuts, the company said in a regulatory filing on Friday. The decision comes after activist investor Elliott Investment Management in May criticized Goodyear for mismanagement…
DetailsInsolvency firms face being formally regulated for the first time under reforms to be announced next week that will nevertheless fall short of a pledge to establish a new watchdog. Sky News has learnt that the Insolvency Service, which is part of the Department for Business and Trade, will unveil plans that will mean firms…
DetailsWhen the crypto exchange FTX declared bankruptcy in November 2022, investors with money in their FTX accounts found themselves unable to withdraw it. Those investors now have a chance to get some of their funds back, but they’ll need to file a bankruptcy claim in the next few weeks. At its peak, FTX had more…
DetailsEngland’ second largest city Birmingham‘s city council on 5 September, declared itself bankrupt, putting a pause on all spending except essential ones. The Birmingham city council issued a 114 notice last Tuesday, thereby joining a string of local authorities, which include Woking, Croydon, and Thurrock, that have announced it did not have the resources to…
DetailsPUBLISHED : 9 Sep 2023 at 16:07 Surveillance video shows the robber at the counter of a gold shop in a department store on Rama IV Road in Bangkok on Sept 3. A former deputy manager of a private transport company has been arrested for robbing a gold shop, saying he did so to pay…
DetailsAuthor Biswajit Dhar is a former professor of economics, Jawaharlal Nehru University. He is Distinguished Professor at Council for Social Development, New Delhi. The Indian Prime Minister says a G20 strategy has driven global debt restructuring since his country assumed leadership. Thats not the full picture. Don’t miss out on in-depth & unbiased stories from Northeast…
DetailsBirmingham City Council has said it does not have the money to pay the bill Birmingham, the second-biggest city in Britain, declared itself bankrupt on Tuesday, sending shockwaves through the city’s governance. The Labour-run administration representing the UK’s second-largest city issued a 114 notice, putting a stop to all but essential spending and becoming the latest in…
DetailsA bankruptcy court has admitted Mumbai-based quick service restaurant (QSR) chain Goli Vada Pav Pvt. Ltd. under the corporate insolvency resolution process (CIRP) and has appointed Vinod Radhakrishnan Nair as the resolution professional of the company. Goli Vada Pav was taken to the Mumbai bench of the National Company Law Tribunal (NCLT) by Vista Processed…
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