Liquidation
Spirit Airlines at risk of facing liquidation as fuel costs bite
Airlines broadly are grappling with higher jet fuel prices due to the US-Iran war
China starts bankruptcy liquidation of shadow bank Zhongzhi
The move signals regulators ’ determination to draw a line under years of opaque shadow banking practices
Italy’s UniCredit says no plans to liquidate Russian business
CEO Andrea Orcel has said Italy’s second-largest lender will not damage its shareholders by exiting Russia at a loss
Twelve Cupcakes staff to recover part of unpaid salaries from end-March: F&B union
The Food, Drinks and Allied Workers Union says it has been assisting affected members since October 2025
Cotton On not exiting Asia; liquidated Asian unit is inactive and does not operate any stores
Clarification followed media reports that it was closing Asia retail operations based on liquidation of a dormant entity
Banks cannot intervene in winding-up bids by 1MDB-linked firms: Singapore High Court
They are ruled to have no standing to participate in the process, even though claims may later be brought against them
Compulsory winding-up applications rise to 15-year high in 2025
The number of business cessations is the third-highest since 1990
Nanyang Optical plans to enter into voluntary liquidation after 65 years; will close 4 of 6 stores
The eyecare chain’s remaining two stores, which are under franchise arrangements, will continue operating and are unaffected
Autobahn group fallout tightens private-hire car financing, but COE premiums unlikely to fall
Increased scrutiny by banks and finance companies may not have a big impact on the larger, market-moving players
Chinese builder Jingrui ordered to liquidate by Hong Kong court
The liquidation order underscores the perils developers continue to face as China remains mired in a deep property slump
