INSOL Europe Committee Chairs

​Oil and gas firm Petrofac files for administration, putting thousands of jobs at risk

Petrofac, a major UK-based oil and gas contractor with about 7,300 employees globally, has filed for administration, endangering more than 2,000 jobs in Scotland, particularly around its North Sea operations.…

Administrators to realise assets of major kitchen distributor

Waterline Limited, one of the UK's largest independent kitchen and bathroom distributors, founded in 1947, has entered administration and will be wound down after a search for a buyer failed. The company,…

Ten hauliers collapse every day: insolvency crisis deepens in France

This crisis is evidenced by 645 insolvencies in Q2 2025 alone, a 55% rise over two years. This surge is driven by a deep structural problem: French hauliers have the lowest profit margins in Europe, at…

Swiss private bank, Julius Baer faces credit losses from insolvent Degag Group

As reported by Reuters, Swiss private bank Julius Baer, one of the largest and oldest in Switzerland, is facing significant credit losses from its exposure to the insolvent German property firm, Degag…