Creditors contesting Adler Group SA’s €6 billion ($6.6 billion) debt restructuring were denied permission to appeal, helping the embattled real estate firm move ahead with the plan, Bloomberg News reported. A judge at the High Court in London said Tuesday the tribunal wasn’t convinced by any of the reasons for permission to appeal. The decision follows a ruling at the same court last week allowing Adler to extend maturities of bonds due next year and borrow around €900 million, despite opposition from some of its creditors including DWS Group and Strategic Value Partners.

P&O Ferries is confident of avoiding a fine for sacking nearly 800 seafarers without notice. The annual report of the DP World-owned ferry operator, seen by the PA news agency, said its directors think an ongoing inquiry by the Insolvency Service will not result in any punishment, PAMedia reported. Some 786 of the company’s workers were made redundant without consultation on March 17 2022, leading to widespread criticism from politicians and trade unions. They were replaced by cheaper agency staff. A criminal investigation into what happened did not result in a prosecution.

British health minister Steve Barclay said on Friday that he intends to pursue legal action against the Royal College of Nursing's upcoming strike action, Reuters reported. "Following a request from NHS Employers I have regretfully provided notice of my intent to pursue legal action to ask the courts to declare the Royal College of Nursing's upcoming strike action planned for 30 April to 2 May to be unlawful," he said. "Bullying nurses and dragging us through the highest courts would not be a good look for government," the Royal College of Nursing (RCN) said in a response to his statement.

Boy George is reportedly facing bankruptcy after a £1.75million damages claim brought by a former Culture Club bandmate, the Mirror reported. The "I'm a Celebrity...Get Me Out of Here! 2022" star, 61, reached an out-of-court settlement with ex-drummer Jon Moss in March this year after being sued for a loss of earnings. Mr Moss, 65, had previously brought legal action against Boy George (real name George O'Dowd), guitarist Roy Hay and bassist Michael Craig, after allegedly being 'expelled' by their manager in September 2018 after 37 years playing together.

Richard Branson's Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday, Reuters reported. Earlier this month, Virgin Orbit filed for chapter 11 bankruptcy protection after the satellite launch company struggled to secure long-term funding following a failed launch in January.

Credit Suisse has lodged a $440 million claim against Japan's SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm, Reuters reported. The Swiss lender is trying to recover client funds that Greensill had lent to Katerra, a SoftBank-backed U.S. construction group that filed for bankruptcy in 2021. SoftBank has vowed to vigorously fight the claim. The collapse of Greensill, along with a string of scandals, helped dent confidence in the 167-year-old Swiss bank.

Fifty-nine jobs at a historic Dundee business have been saved after a U.S. synthetic sports turf specialist stepped in, Herald Scotland reported. Joint administrators Michelle Elliot and Callum Carmichael, partners of FRP Advisory, have sold Dundee-based carpet yarns specialist Bonar Yarns to Newman Yarns, a new business created for the purposes of the acquisition. Newman Yarns was founded by John Newman, owner of Elite Turf USA, a distributor and installer of synthetic sports turf.

Britain’s inflation rate slowed last month, but is likely to bring only limited relief to households as it stubbornly held in the double digits because of rapidly rising food prices, the New York Times reported. Consumer prices rose 10.1 percent in March from a year earlier, the Office for National Statistics said on Wednesday, a slightly slower pace than the 10.4 percent in February. But economists had expected the country’s inflation rate to drop below 10 percent for the first time since the summer.

More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data on Tuesday that showed a 16% increase on a year ago, Reuters reported. The Insolvency Service Agency reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency fell sharply with the onset of the COVID-19 pandemic, thanks to government support programmes and lockdowns slowing the progress of courts handling insolvency cases.

There may need to be limits initially on the use of major stablecoins for payments, and they should also be backed by high quality and liquid assets to protect consumers, Bank of England Deputy Governor Jon Cunliffe said on Monday, Reuters reported. Britain is due to adopt rules for regulating stablecoins, a form of cryptocurrency backed by an asset or fiat currency, which consumers could use to make payments digitally. "Systemic stablecoins will need to be backed with high quality and liquid assets," Cunliffe told a conference held by Innovate Finance, a UK fintech industry body.