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Headlines
China Court Orders Bankruptcy Liquidation for Zhongzhi Group and 316 Affiliates
A Beijing court has ordered the liquidation of Zhongzhi Enterprise Group and more than 300 related entities, in a major step towards resolving one of China's biggest shadow banking collapses and managing systemic financial…
Germany Recovers €153m After Northvolt Battery Project Insolvency
The insolvency of Swedish battery maker Northvolt will cost German taxpayers less than previously estimated, after parts of public funding were recovered, officials said on Friday, DPAInternational.com reported. As part of US…
NCLAT Upholds Project-Specific Insolvency Action for Realty Firms
The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot extend to…