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Enzen Plans Get Green Light

On 25 March 2025, a UK court approved restructuring plans for Enzen Global Limited and Enzen Limited, addressing key legal and commercial issues. The judgment welcomed HMRC’s active participation and…

German fashion chain Gerry Weber files for insolvency

Gerry Weber, a German women's fashion brand, has filed for insolvency again, aiming to restructure and continue operations. The court-appointed administrator is Lucas Flöther, and restructuring expert…

New Insolvency Legislation in Ukraine: Strengthening Transparency and Preventing Asset Misappropriation

In addition to introducing preventive restructuring procedures, Law No. 3985-IX ("On Amendments to the Bankruptcy Code of Ukraine and Certain Other Legislative Acts of Ukraine Regarding the Implementation…

EUROINS Romania’s bankruptcy appeal rejected: final ruling confirms insolvency

EUROINS Romania’s appeal against its bankruptcy has been rejected by the Bucharest Court of Appeal, confirming its insolvency. The ruling upholds the Bucharest Tribunal’s June 2023 decision, which…

News

The corporate battlefield: Global insolvencies in times of war economics
In this global insolvency report from Allianz report from 18 March, 2025, a continued rise in global business insolvencies is expected. 
 
The rises expected are 2025 (+6%) and 2026 (+3%) after a +10% surge in 2024, driven by delayed interest rate cuts, economic uncertainty, and geopolitical tensions. 
 
The US saw the sharpest rise in 2024 (+22%), with the Eurozone also accelerating (+19%), particularly in Germany (+23%) and Italy (+45%). The UK experienced a decline (-5%), while China saw a trend reversal (+3%). North America and Asia will drive insolvency growth in 2025, with Western Europe facing its fourth consecutive increase. Business failures will put 2.3 million jobs at risk globally in 2025. 
 
High interest rates could further tighten credit, increasing default risks, while a trade war could add +8% to global insolvencies. Europe’s rising defence spending may mitigate some risks but benefit limited sectors. Regulatory changes in the EU could structurally increase insolvencies in weaker regions, while stricter payment terms could exacerbate liquidity shortages.
 
Read their summary of key findings and download the full report at Allianz
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