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Corporate insolvencies in Germany surged 15.2% year-on-year in December, according to preliminary data released Monday by the Federal Statistical Office (Destatis), AA.com.tr reported. Final figures showed that corporate insolvencies rose 4.8% annually in October to 2,108 cases. The transportation and warehousing sector recorded the highest insolvency rate in October, with 12.73 bankruptcies per 10,000 companies, followed by the hospitality sector at 10.5 cases per 10,000 companies.
Business bankruptcies in the Netherlands fell sharply in 2025, dropping 15 percent from a year earlier, but hospitality companies continued to fail at a faster pace than other sectors, according to new data released Monday by Statistics Netherlands (CBS), NLTimes.nl reported. A total of 3,636 businesses and institutions, including sole proprietorships, were declared bankrupt in 2025. That compares with 4,270 in 2024. The CBS data also show that accommodation and food services remained the most vulnerable sector, with the highest bankruptcy rate at the end of the year.
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A debt advisory firm asked China Vanke Co dollar bondholders to consider calling a default on the embattled developer’s notes, based on cross-default clauses, Bloomberg News reported. PJT Partners, which has been seeking to advise Vanke’s creditors, told the bondholders that an event of default was triggered after an original grace period on one of the firm’s onshore notes expired in December. So far, no creditors have made such a call on any of Vanke’s notes and the outreach doesn’t indicate that a default is imminent.
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As the availability of fresh land tightens and competition intensifies across India’s major metropolitan markets, strategic buyers are increasingly leveraging the corporate insolvency resolution process under the Insolvency and Bankruptcy Code to access urban real estate assets, according to an analysis in the Economic Times of India reported. The framework is playing a growing role in facilitating ownership transitions and land consolidation in supply-constrained cities. This shift has been reflected in a series of recent orders by bankruptcy tribunals across the country.
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The chemical industry in eastern Germany faces heightened uncertainty following the suspension of operations at Domo Chemicals' three sites in Saxony-Anhalt and Brandenburg, The Munich Eye reported. The Belgian-based company, which specializes in plastics production, has halted manufacturing activities due to unresolved insolvency proceedings and failed financial negotiations. According to official statements, the future of the Leuna site, a key hub for Domo's German operations, remains undetermined.
As U.S. President Donald Trump moves quickly to put together a $100 billion effort to revive Venezuela's oil industry, the administration has yet to finalize the fate of the crown jewel of the country's foreign assets, U.S. refining company Citgo Petroleum, Reuters reported. Houston-based Citgo has been tied up in the lengthy auction of its parent, PDV Holding, organized by a Delaware court to pay billions of dollars to creditors for debt defaults and expropriations in Venezuela.
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A new report by insolvency firm MNP Ltd. suggests Canadians are expecting their household finances will come under pressure this year, the Canadian Press reported. The report says 71 per cent anticipate higher living costs heading into the new year, while 59 per cent anticipate a worsening economy and 52 per cent see job market weakness coming. MNP president Grant Bazian says Canadians expect most aspects of daily life to worsen rather than improve in 2026.
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In Germany, some small investors who lost everything on companies on the verge of insolvency are complaining that they haven’t been allowed to put more money into the collapsed businesses, Bloomberg News reported. Battery maker Varta AG, auto supplier Leoni AG and communications-equipment company Mynaric AG all used a relatively new process known as StaRUG in the past few years to restructure their debts. In each case, stockholders were wiped out and, when it came time for the company to seek fresh equity capital, they weren’t given rights to subscribe to new shares.
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Dubai’s financial regulator banned privacy tokens from use on exchanges across the Dubai International Financial Centre (DIFC), citing anti-money laundering (AML) and sanctions compliance risks, as part of a sweeping update to its crypto rules that also shifts token approval responsibility onto companies and tightens the definition of stablecoins, CoinDesk.com reported. The updated Crypto Token Regulatory Framework, which comes into force Jan.
Nicolás Maduro helped make tether the world’s dominant stablecoin. And with the former Venezuelan leader now sitting in a Brooklyn jail, the cryptocurrency’s central role in his nation’s economy is back in the spotlight, the Wall Street Journal reported. Tether emerged as a vital tool for the state-run oil company to sidestep sanctions, serving as the currency for settling oil transactions. It also has offered a financial lifeline to everyday Venezuelans racked by the tumbling value of their home currency, the bolivar.
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