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Headlines
U.K. Insolvencies Surge as Higher Business Costs Deepen Strain
U.K. insolvencies are rising sharply, with a leading trade credit insurer saying any new government policies that stand to raise business costs risk further pressuring vulnerable sectors, Bloomberg News reported. The increase…
Singapore Court Clears Way for $2.7 Billion Suit Against Standard Chartered over Alleged Role in 1MDB Fraud
A Singapore court has cleared the way for a $2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said on Monday, Reuters reported. Singapore High Court…
Indian Bankruptcy Court Admits Ansal API Affiliate Under Insolvency Resolution Process
The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd., the Economic…