Waterford Wedgwood, headquartered in Ireland, has filed for the UK version of Bankruptcy. See story. But, the article says the US subsidiary - and presumably the affiliate program - is (at least for now) unaffected:
Waterford Wedgwood said on Monday that its 10 British units and 4 businesses in Ireland were placed into administration, similar to bankruptcy protection in the United States, after running out of money and failing to find a buyer. The remaining subsidiaries, including those in the United States, Germany and Canada, remain unaffected.