SAS AB (“SAS” or the “company”) and its relevant subsidiaries undergoing voluntary chapter 11 proceedings in the U.S. will imminently submit monthly operating reports to the U.S. Bankruptcy Court for the Southern District of New York, Travel and World Tour reported. These reports, to be filed on a monthly basis, will encompass financial data spanning from November 1, 2023, to February 29, 2024.

How would the Spanish court tackle the issues faced by the English Court of Appeal in Adler? A JDSupra analysis provides an instructive comparison for groups, shareholders, and creditors when considering where to restructure.

Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million), ThePrint reported. Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a sum that had snowballed with interest to over 36 million pounds. The total bill had included around 31 million pounds in interest, accruing at 505,000 pounds per day.

Danish company Scandinavia Farms Invest has gone bankrupt after only a few years and at least half a billion danish crowns invested, ScandAsia reported. Scandinavian Farm Invest has been running a big pig farm between Beijing and Shanghai. It had been one of the most effective farms in the country before everything started to go wrong. It wasn’t just one drop that made the cup overflow, but many things that started to go wrong for pig production in China. Tricky market conditions included an increase in the price of the feed, while the price of pig meat has decreased.

The number of people living in poverty in Italy rose in 2023 to its highest level in about a decade, data showed on Monday, despite an economic rebound since COVID-linked restrictions were eased, Reuters reported. Those living in “absolute poverty” — who were unable to buy essential goods and services — rose to 5.75 million, or 9.8% percent of the population, national statistics bureau ISTAT reported. That's up marginally from 9.7% in 2022 and the highest since the current data series began in 2014.

Farmers drove dozens of tractors in a slow-motion convoy towards Britain’s Parliament on Monday to protest post-Brexit rules and trade deals that they say are endangering livelihoods and food security, the Associated Press reported. Supporters of the campaign groups Save British Farming and Fairness for Farmers of Kent rolled from southeast England and through southern districts of the capital, bound for Parliament Square, where dozens of supporters waited to welcome them.