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Headlines

Friday, May 9 2025

Analysis-Indian Court's Reversal of $2.3 Billion Deal Casts Shadow on Bankruptcy Law

A decision by India's Supreme Court to quash a $2.3-billion steel industry deal six years after an insolvency tribunal approved it has unsettled buyers of distressed assets, throwing a shadow over one of the country's biggest…

Friday, May 9 2025

Siewert & Kau Files For Insolvency Amid Financial Crisis

Siewert & Kau, a well-known IT distributor based in Bergheim, has filed for insolvency proceedings at the Cologne District Court, marking a significant development for one of Germany's largest medium-sized IT retailers, the…

Friday, May 9 2025

Asbestos Corp. Obtains Chapter 15 Protection

Asbestos Corporation Limited (ACL) announced on Wednesday that an order from the Superior Court of Québec granting ACL protection under the Companies' Creditors Arrangement Act (the "CCAA") has been granted, according to a…