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    Debt, COVID-19 push car rental firm Hertz into bankruptcy protection

    23 May 2020

    Global car rental company Hertz became the latest economic casualty of the coronavirus pandemic on Friday, filing for bankruptcy in the US and Canada after more than a century in business.

    LATAM Airlines files for bankruptcy in US: Statement

    26 May 2020

    The global aviation industry has been hammered by the pandemic, as it is directly affected by border closures and population lockdowns.

    JCPenney to file for bankruptcy

    09 May 2020

    J.C. Penney Co is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores,

    BOJ focuses on steps to ease corporate funding problems

    22 Apr 2020

    The Bank of Japan (BOJ) is set to boost funding support for companies, but it will avoid cutting interest rates, sources say, as it could encourage people to step out of their homes to splurge and undermine government efforts to curb the coronavirus outbreak.

    SVB Financial seeks bankruptcy protection

    17 Mar 2023

    SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets,

    Impact of the bankruptcy of US banks on the Gulf banking sector is limited, says Moody's

    18 Mar 2023


    This is mainly due to the structural features of these banks, including their strong commercial franchises and the support they receive from their governments.

    A turbulent period for aviation sector

    28 May 2020

    It is sad that the COVID-19 pandemic has battered the air transport sector, landing it in huge turbulence, grounding planes, resulting in layoffs, bankruptcies and rescue plans.

    India’s court upholds changes to Insolvency and Bankruptcy Code

    05 Oct 2019

    India’s Supreme Court (SC) upheld the changes to the Insolvency and Bankruptcy Code (IBC) allowing homebuyers to initiate proceedings against erring real estate developers in case of default on debt repayments

    UAE Cabinet amends bankruptcy law to help businesses overcome unforeseen situations

    21 Oct 2020

    The amendments deals with "emergency situations" that impinge on trade or investment, in order to enable individuals and businesses to overcome credit challenges in times of pandemics, natural and environmental disasters, wars, etc.

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    Political quake in Sri Lanka

    11 Jul 2022

    The anger of the people of this island-nation has been simmering for weeks. The people had reason to be angry. The country has run out of fuel, and Prime Minister Ranil Wickremesinghe declared that the country was bankrupt, and it had no money to buy fuel.

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