Ordinary Administration News Today

ROME—Pope Francis amended the Vatican’s financial regulations recently, enshrining a spending limit into law that requires Vatican offices to get permission before making large purchases. The pope published two apostolic letters—which the Holy Father issued motu proprio (on one’s own initiative)—on January16 that make changes to some of his former…

The Secretariat for the Economy oversees the financial aspects of both the Roman Curia and the Vatican City State administration, including a review of financ...

In what Mr Justice Fancourt described as “an unusual case in all sorts of ways”, the English High Court was faced with a number of questions relating to how the UK’s insolvency regime can interact with the sanctions packages introduced in response to Russia’s invasion of Ukraine.

English High Court considers director campaign for Russian VTB Bank’s London Arm, deciding how the UK insolvency regime interacts with Russian sanctions after the Ukraine invasion. Proposed administrators would achieve a better result for the creditors as a whole.

Bulb Energy Ltd Bulb was placed into special administration and considered the reasons why special administration was deemed necessary in Bulb’s case, as well as providing an overview of how special administration differs for energy suppliers.