The Body Shop files for bankruptcy, shuts down all US store

The UK-based cosmetics company, The Body Shop, shut down all of its US-based operations and will soon be closing...

Over 230 home developers filed for bankruptcy in China last year

According to the report, the highest number of applications were received from the Zhejiang province with 36 cases,...

Over 230 home developers filed for bankruptcy in China in 2023

The highest number of bankruptcies have been filed in China's Zhejiang province.

Former New York City Mayor Rudy Giuliani files for bankruptcy

Former New York City Mayor Rudy Giuliani on Thursday filed for bankruptcy in New York's southern district court, CNN...

Dubai Chambers organises 6 legal awareness workshops

Dubai Chambers has hosted six workshops covering various legal topics to empower businesses in Dubai. Attended by...

“Our difficult times have not ended”: Sri Lankan President

Sri Lankan President Ranil Wickremesinghe presented the 2024 budget of his government with a focus on ensuring that...

WeWork files for bankruptcy in US

In a news release, CEO of WeWork David Tolley said, "Now is the time for us to pull the future forward by...

Britain’s second-biggest city declares itself bankrupt

Birmingham City Council, which provides services to more than a million people, submitted a Section 114 notice on...

Evergrande Group's shares plummet over 80pc in Hong Kong

World's most indebted real state developer, Evergrande Group's shares plummeted 87 per cent on Monday after the...

"IBC a crucial milestone in the economic reforms": PM Modi

Stressing that the Insolvency and Bankruptcy Code, implemented in 2016, is a crucial milestone in the economic...

China faces 'Lehman Moment' fears as big investment firm misses p

The term 'Lehman moment' refers to the catastrophic event in September 2008 in which Lehman Brothers, then the...

Evergrande's bankruptcy signals beginning of China’s crisis

The filing for bankruptcy by Evergrande, Chinese real estate giant signals the beginning of Beijing’s real estate...