Insolvency is still widely read as a synonym for failure. Increasingly, it is the opposite: a structured route to renewal, and one of the more effective tools available for rescuing businesses that have run into difficulty. Insolvency practitioners (“IPs”) sit at the centre of that work. Acting in various capacities — as liquidators winding a…
For many non-profit organizations, foundations, and professional associations, revenue recognition is far from straightforward. While IFRS 15 introduced a comprehensive framework for recognizing revenue from contracts with customers, applying its principles to donations, grants, and membership fees often requires considerable judgment and a thorough understanding of the underlying arrangements. One of the most common challenges…
As the global maritime community gathered at Posidonia 2026, discussions extended well beyond vessels and technology. The industry’s agenda is increasingly shaped by sustainability requirements, access to finance, digital transformation, evolving governance expectations and an increasingly complex regulatory environment. Shipping companies today face simultaneous pressures, such as compliance with environmental regulations, securing funding for fleet…
The tax authorities have issued guidance on compliance obligations under the Global Minimum Tax framework, as implemented through Law 151(I)/2024, covering multinational and large domestic groups for financial years beginning between 31 December 2023 and 31 December 2024. The tax authorities confirm that a Group of Multinational Enterprises (MNEs) that falls within the scope of…
The financial services industry has long operated in an environment of evolving accounting and regulatory requirements. While IFRS 9 has now become embedded in financial reporting frameworks, recent developments and the introduction of IFRS 18 are prompting financial institutions to revisit not only their accounting policies, but also how they communicate performance to investors and…
