Updated Insolvency Laws

Novo Nordisk to lay off 9,000 workers as new CEO aims to save $1.3B per year by late 2026

The global healthcare company headquartered in Denmark and makers of Ozempic and Wegovy, is undertaking a major shake-up. New CEO Maziar Mike Doustdar announced in September that the company will cut…

Claire’s has collapsed into administration in the UK and Ireland operations, placing more than 2,000 jobs at risk.

On 13 August 2025, Claire’s UK and Ireland operations entered administration, placing over 2,000 jobs and around 300 stores at risk - specifically affecting 306 stores across those regions. Following…

BCN3D assets acquired by Quantum after bankruptcy filing

Quantum, a company founded by private investors with ties to Industry 4.0, has acquired all assets of BCN3D following its bankruptcy filing in May. The acquisition, which includes BCN3D's headquarters…

UK's third-largest steelworks collapses into government control

The UK’s third-largest steelworks, Speciality Steels UK (part of Sanjeev Gupta’s Liberty Steel), has been placed under government control after being declared insolvent. Nearly 1,500 jobs in Rotherham…