Headlines

Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in Noida, the Economic Times of India reported. The National Company Law Tribunal (NCLT) on February 17 allowed withdrawal of the insolvency petition following a request from IDBI Trusteeship, which represents holders of Mahagun's non-convertible debentures, according to court documents.

The financial restructuring process of Azul under Chapter 11 of the United States Bankruptcy Code reached its conclusion on February 20. Following the full repayment of the DIP (Debtor-in-Possession) financing and the settlement of its share offering, the company emerges with a reduction in debt and lease obligations of approximately $2.5 billion, AviaciOnline.com reported. The airline successfully repaired its balance sheet through strategic agreements with key creditors, including the lessor AerCap and U.S. carriers United Airlines and American Airlines.

A paper mill in Hainsberg in the German state of Saxony has once again entered insolvency proceedings. On 5 February 2026, the Dresden District Court appointed lawyer Susanne Berner from the law firm Dr Berner & Partner Rechtsanwälte as provisional insolvency administrator, Pulpapernews.com reported. Over the coming weeks, she is expected to gain an overview of the financial situation at the long-established industrial company and examine possible options to stabilise operations. The Hainsberg plant has a long history and has experienced recurring financial difficulties over the years.

Canadian luxury real estate developer Westbank Projects Corp. was struggling with losses and delays on a string of high-profile projects as recently as September, according to a lawsuit from a former executive who claims she’s owed money, Bloomberg News reported. Rhiannon Mabberley, who was Westbank’s vice president of development, is suing her former employer for breach of contract, constructive dismissal and failure to meet obligations of good faith, according to filings in the Supreme Court of British Columbia. She’s claiming C$1.2 million (around $880,000).

The Bank of Japan may raise interest rates as soon as March if the yen renews its slide ahead of a U.S.-Japan summit expected to be held during the month, former central bank board member Makoto Sakurai told Reuters. Prime Minister Sanae Takaichi is expected to visit Washington for a meeting with U.S. President Donald Trump around the time the BOJ holds its next policy meeting on March 18-19.

U.S. trading partners in Asia were weighing fresh uncertainties this weekend after President Donald Trump announced a new tariff on imports, hours after the Supreme Court struck down many of the sweeping levies he used to launch a global trade war, Reuters reported. The court's ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world's largest chipmaker and a key player in tech supply chains. Within hours, Trump said he would impose a new 10% duty on U.S.

The European Commission demanded on Sunday that the United States stick to the terms of an EU-U.S. trade deal reached last year, after the U.S. Supreme Court struck down Donald Trump's global tariffs and he responded with new levies across the board, Reuters reported. The Commission, which negotiates trade policy on behalf of the 27 EU member states, said Washington must provide "full clarity" on the steps it intends to take following the court ruling. After the court struck down Trump's global tariffs on Friday, the U.S.

After the Supreme Court struck down the legal basis for President Trump’s sweeping tariffs on Friday, many U.S. trading partners saw the tariff rate on their goods lowered from what they faced before the ruling. But for others, like Britain and Australia, the math went the other way, the New York Times reported. Britain became the first country to reach a trade deal during Mr. Trump’s second term, and both governments emphasized the “special relationship” between the two countries.

For the 10th year in a row, an Omani citizen took the initiative to release all 30 insolvent debtors detained by court order in A’Dhahirah Governorate, the Times of Oman reported. His offer applies to those who meet the conditions of the “Fak-Kurba” Initiative (Relief from Distress Initiative). The same citizen vowed to pursue his initiative during the rest of the holy month of Ramadan by securing the release of any new cases of insolvent debtors.

A resurgence in global private equity is gathering steam after a rebound in dealmaking last year that saw both buyout deals and exits surge ahead to register their second highest values on record. After three prior years in the relative doldrums, the advances mark a turning point for PE and set the stage for a continuing revival in 2026 and beyond, according to Bain & Company's 17th annual Global PE Report. But Bain's analysis tempers this upbeat message on brightening prospects, with a caution that the maturing PE industry has reached a critical inflection point.