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Friday, August 22 2025

Singapore to Launch Insolvency Arbitration Protocol Next Week

Singapore will launch an arbitration framework next week for resolving restructuring, debt and insolvency disputes, offering businesses and creditors an alternative to traditional court processes, Bloomberg News reported. “The…

Singapore

U.K.'s Third-Largest Steelworks Collapses into Government Control

The U.K.'s third-largest steelworks has been placed under government control, creating an uncertain future for nearly 1,500 workers in Rotherham and Sheffield, BBC.com reported. Insolvency courts granted a compulsory winding up…

United Kingdom

‘Even Puerto Rico Paid Its Bill’: Thames Water Creditor Suggests Backers Are Safe

The largest creditor to struggling water company Thames Water has said it is confident that it will not lose money, joking that the UK was comparable to Puerto Rico, which paid lenders to its water company despite a crippling…

United Kingdom