Ardagh Group’s debt restructuring talks to a group of bondholders has broken down amid a standoff over how much Paul Coulson, the packaging giant’s leading shareholder, will continue to own in its improving drink cans business, the Irish Times reported. The heavily-indebted business proposed in March that a group of senior unsecured bondholders write off much of the $2.32 billion (€2.05 billion) they are owed in exchange for taking full ownership of the glass containers part of the business.

Norwegian urban mobility brand Podbike filed for bankruptcy on Friday, citing financial hurdles including increasing production costs, supply chain disruptions, and a stagnant global economy, BicycleRetailer.com reported. According to a Podbike news release, efforts to obtain additional funding through investment rounds and partnerships failed to make up for the shortfall.

The European arm of Bajaj Auto Ltd. has obtained a EUR 566 million (USD 632 million) unsecured one-year loan from JP Morgan Chase & Co., DBS Bank Ltd., and Citigroup Inc. to fund investments related to its motorcycle business, according to a regulatory filing with the Bombay Stock Exchange, BusinessWorld.In reported. The financing comes just days ahead of the 23 May deadline for KTM AG, the Austrian motorcycle maker, to deposit EUR 544 million with its insolvency administrator and pay out 30 per cent to creditors as part of a restructuring agreement.

The state cargo railway company CFR Marfa, which entered insolvency in April after five years of pre-insolvency status, plans to diminish its dues by 32% to RON 3.1 billion (EUR 620 million) during this year by the transfer of RON 1.5 billion (EUR 300 million) of assets to the newly set up company Carpatica Feroviar, according to the budget of the company inked by the Transport Ministry and quoted by News.ro.

The Irish High Court has confirmed the appointment of an examiner to Workman’s Club Ltd, part of the former Press Up hospitality and entertainment group founded by Patrick McKillen jnr and Matthew Ryan, the Irish Times reported. Ms Justice Eileen Roberts said on Monday she was satisfied to appoint Declan McDonald of PwC as examiner to the company. The confirmation of Mr McDonald as examiner follows a petition for court protection brought on behalf of the company by Kelley Smith SC, instructed by Gavin Simons, partner in AMOSS solicitors, earlier this month.

Britain and the European Union signed a deal to ease trade and bolster security cooperation, taking the biggest step to improve their relationship since the U.K. quit the bloc five years ago, the Wall Street Journal reported. EU leaders gathered in London alongside British Prime Minister Keir Starmer on Monday to unveil the deal, which doesn’t undo Brexit but shows both sides have buried the hatchet after years of painful wrangling.

In the first four months of 2025, 10,936 jobs were lost due to bankruptcies, according to figures published by Belgian statistics agency Statbel, The Brussels Times reported. From January to April, the courts declared 3,968 bankruptcies. In April alone, there were 982 bankruptcies, 6.2% more than in the same month last year. According to Statbel, this is the highest number of bankruptcies in April since 2013.

The Insolvency Service will take over NATIS’s viable investigation cases of Covid-19 financial support fraud in a bid to recoup taxpayers’ money lost to fraudsters in the U.K., according to a press release. Following a review of National Investigation Service (NATIS) performance to ensure the state works for people – it showed that public money was not being spent effectively – which is why all ongoing viable cases will be transferred from the organisation to the Insolvency Service over the coming months.